Two-Bedroom Residential Income
For Sale
$349,900
1627 HOLBROOK STREET NE Unit 2, Washington, DC 20002
The corner condominium includes separately deeded parking and basement storage.
Property Size800 SF
Price / SF$437.38
Days on Market133
Property Features for 1627 HOLBROOK STREET NE Unit 2
General Information
Standard status
Active
Size
800 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,014
Amenities
in-unit washer and dryer
storage
Building Details
Building Size
800 SF
Year Built
1942
Listing Agency:
Compass
Listed By:
District Property Group · License #SP98362569
(202) 286-1658
Source:
Districtpropertygroup
Added: Jun 20
Changed: Oct 28
Last Checked: Oct 26 at 2:36PM
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
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath corner condominium offers approximately 800 square feet, with living and dining areas connected to the kitchen. The kitchen has quartz countertops, stainless steel appliances, gas cooking, and ample cabinetry. Hardwood flooring, updated bathrooms, fresh interior paint, and an in-unit washer and dryer are also included. Both bedrooms have direct access to a bathroom. The building dates to 1942.
The property is in Washington, DC, near Union Market, the H Street Corridor, Ivy City, and the National Arboretum. Union Station, Metro lines, and Capital Bikeshare are among the transportation options identified nearby.
The property is in Washington, DC, near Union Market, the H Street Corridor, Ivy City, and the National Arboretum. Union Station, Metro lines, and Capital Bikeshare are among the transportation options identified nearby.
Key Highlights
- 2 bedrooms and 2 bathrooms in approximately 800 square feet
- Separately deeded parking and basement storage
- Kitchen with quartz countertops, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,620
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,400
$272.4K
Cap Rate 7%
$194,571
$194.6K
Cap Rate 9%
$151,333
$151.3K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$26.4K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$24.8K $30.95/SF
− OpEx
−$11.1K −$13.93/SF
NOI
$13.6K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,400
Cap Rate 7%
$194,571
Cap Rate 9%
$151,333
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,620 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.0K
$361.4K – $481.9K
NOI $28,913 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,695
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The corner condominium includes separately deeded parking and basement storage.
Where is this residential income property located?
The property is located at 1627 HOLBROOK STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms in approximately 800 square feet; Separately deeded parking and basement storage; Kitchen with quartz countertops, stainless steel appliances, and gas cooking
