Residential Property with Private
For Sale
$690,000
1625 16TH STREET NW Unit 303, Washington, DC 20009
A private balcony, in-unit laundry and access to a shared rooftop deck add useful everyday amenities.
Property Size1,000 SF
Days on Market12
Property Features for 1625 16TH STREET NW Unit 303
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Furnished
Yes
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,918
Amenities
hardwood floors
custom lighting
marble baths
in-unit washer and dryer
private balcony
shared rooftop deck
pet-friendly
Building Details
Building Size
1,000 SF
Year Built
1911
Construction
Beaux-Arts
Listing Agency:
Compass
Listed By:
Ty J Hreben · License #SP98358382
(323) 775-3825
Source:
Kwcapitalproperties
Added: Sep 25
Changed: Oct 6
Last Checked: Oct 5 at 8:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residence is in Morgan Place, a Beaux-Arts building completed in 1911. The unit features hardwood floors, marble bathrooms, custom lighting and windows with southern, eastern and northern exposures. An in-unit washer and dryer and a private balcony add practical amenities. The residence is currently furnished. The former gas fireplace has been removed, and floorboards in that area were also taken out; the gas connection remains in place, with potential for reconnection or a new fireplace installation.
Residents have access to a shared rooftop deck. The property is in Dupont Circle, with Metro service, cafes, restaurants, shops, cultural destinations and nightlife nearby. Its Walk Score is 97, and the building is pet-friendly.
Residents have access to a shared rooftop deck. The property is in Dupont Circle, with Metro service, cafes, restaurants, shops, cultural destinations and nightlife nearby. Its Walk Score is 97, and the building is pet-friendly.
Key Highlights
- Two bedrooms and two bathrooms
- Private balcony and shared rooftop deck
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,460
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,200
$389.2K
Cap Rate 7%
$278,000
$278.0K
Cap Rate 9%
$216,222
$216.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$37.6K $37.56/SF
− Vacancy
−$2.2K −$2.18/SF
EGI
$35.4K $35.38/SF
− OpEx
−$15.9K −$15.92/SF
NOI
$19.5K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,200
Cap Rate 7%
$278,000
Cap Rate 9%
$216,222
Alternative Uses
Best Use
Apartment 5plus
$278.0K
$243.3K – $324.3K
NOI $19,460 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.4K
$450.1K – $600.1K
NOI $36,006 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry and access to a shared rooftop deck add useful everyday amenities.
Where is this residential income property located?
The property is located at 1625 16TH STREET NW Unit 303 Washington, DC.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; Private balcony and shared rooftop deck; In‑unit washer and dryer
