Top-Floor Residential Income
For Sale
$249,900
1627 MASSACHUSETTS AVENUE SE Unit 302, Washington, DC 20003
South-facing one-bedroom unit with updated interiors, private storage, and convenient access to Metro stations and neighborhood amenities.
Property Size561 SF
Days on Market25
Property Features for 1627 MASSACHUSETTS AVENUE SE Unit 302
General Information
Standard status
Active
Size
561 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,831
Amenities
pet-friendly
private storage unit
Building Details
Building Size
561 SF
Year Built
1953
Listing Agency:
RLAH @properties
Listed By:
Stacey L Barton · License #SP98365186
(301) 404-8390
Source:
Kwcapitalproperties
Added: Sep 12
Changed: Oct 3
Last Checked: Oct 5 at 11:46PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This top-floor, south-facing one-bedroom residence is located in the boutique La Colina building and features hardwood flooring, fresh paint, and abundant natural light. The kitchen and bathroom were renovated within the last five years, and a brand-new hot water heater adds a recent systems update. The flexible floor plan includes room for a home office, while an extra-large private storage unit provides additional utility. The building is pet-friendly and supported by a well-managed condominium association with healthy reserves.
The property is near two Metro stations, Eastern Market, Barracks Row, parks, grocery stores, dining, and the RFK Stadium redevelopment project. Kingman and Heritage Islands are also nearby, with walking and biking trails. Built in 1953, the property combines classic building character with selected modern improvements.
The property is near two Metro stations, Eastern Market, Barracks Row, parks, grocery stores, dining, and the RFK Stadium redevelopment project. Kingman and Heritage Islands are also nearby, with walking and biking trails. Built in 1953, the property combines classic building character with selected modern improvements.
Key Highlights
- Top‑floor, south‑facing one‑bedroom residence in the boutique La Colina building
- Renovated kitchen and bathroom completed within the last five years
- Brand‑new hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,321
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,420
$186.4K
Cap Rate 7%
$133,157
$133.2K
Cap Rate 9%
$103,567
$103.6K
Market Conditions
NOI Build-Up for 561 SF
Gross rent
$17.8K $31.80/SF
− Vacancy
−$892 −$1.59/SF
EGI
$16.9K $30.21/SF
− OpEx
−$7.6K −$13.59/SF
NOI
$9.3K $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%
$186,420
Cap Rate 7%
$133,157
Cap Rate 9%
$103,567
Alternative Uses
Best Use
Apartment 5plus
$133.2K
$116.5K – $155.4K
NOI $9,321 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Residential income property - South-facing one-bedroom unit with updated interiors, private storage, and convenient access to Metro stations and neighborhood amenities.
Where is this residential income property located?
The property is located at 1627 MASSACHUSETTS AVENUE SE Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Top‑floor, south‑facing one‑bedroom residence in the boutique La Colina building; Renovated kitchen and bathroom completed within the last five years; Brand‑new hot water heater
