One-Bedroom Residential Income
For Sale
$225,000
1627 MASSACHUSETTS AVENUE SE Unit T1, Washington, DC 20003
The condo includes a private storage area in a pet-friendly building near Metro service and several Capitol Hill destinations.
Property Size522 SF
Price / SF$431.03
Days on Market177
Property Features for 1627 MASSACHUSETTS AVENUE SE Unit T1
General Information
Standard status
Active
Size
522 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,350
Amenities
pet-friendly
private storage
Building Details
Building Size
522 SF
Year Built
1953
Listing Agency:
4J Real Estate, LLC
Listed By:
Ricardo D. Riemer
(301) 346-5059
Source:
Jackrealtygroup
Added: May 7
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 4J Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 522-square-foot condominium was built in 1953 and has one bedroom, one bathroom, and private storage. It is located in a boutique, pet-friendly building in Washington, DC.
Stadium-Armory Metro, Lincoln Park, Eastern Market, and Barracks Row are within walking distance. The property is also near the planned RFK redevelopment area.
Stadium-Armory Metro, Lincoln Park, Eastern Market, and Barracks Row are within walking distance. The property is also near the planned RFK redevelopment area.
Key Highlights
- 522‑square‑foot condominium
- One bedroom and one bathroom
- Private storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,673
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,460
$173.5K
Cap Rate 7%
$123,900
$123.9K
Cap Rate 9%
$96,367
$96.4K
Market Conditions
NOI Build-Up for 522 SF
Gross rent
$16.6K $31.80/SF
− Vacancy
−$830 −$1.59/SF
EGI
$15.8K $30.21/SF
− OpEx
−$7.1K −$13.59/SF
NOI
$8.7K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,460
Cap Rate 7%
$123,900
Cap Rate 9%
$96,367
Alternative Uses
Best Use
Apartment 5plus
$123.9K
$108.4K – $144.6K
NOI $8,673 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.5K
$234.9K – $313.3K
NOI $18,795 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes a private storage area in a pet-friendly building near Metro service and several Capitol Hill destinations.
Where is this residential income property located?
The property is located at 1627 MASSACHUSETTS AVENUE SE Unit T1 Washington, DC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 522‑square‑foot condominium; One bedroom and one bathroom; Private storage area
