Two-Bedroom Residential Income
For Sale
$399,500
1628 C STREET SE Unit 202, Washington, DC 20003
Condominium includes updated systems, in-unit laundry, and a private parking space.
Property Size693 SF
Days on Market80
Property Features for 1628 C STREET SE Unit 202
General Information
Standard status
Active
Size
693 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,171
Amenities
washer/dryer in-unit
Building Details
Building Size
693 SF
Year Built
1953
Listing Agency:
Compass
Listed By:
Sarah Brown · License #SP98377143
(703) 973-4525
Source:
Kwcapitalproperties
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 30 at 9:51PM
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, 1-bath condominium at 1628 C Street SE, Unit 202, combines hardwood flooring with a kitchen featuring ample cabinetry and a peninsula with bar seating. Updated HVAC and other systems are in place, while an in-unit washer and dryer add everyday convenience. The residence is pet-friendly and includes a private parking space.
The property is in Washington, DC’s Capitol Hill neighborhood, near Stadium-Armory Metro and Potomac Avenue Metro. Harris Teeter, Safeway, The Roost, and the Pretzel Bakery are nearby, with Lincoln Park, Spielberg Park, and the Anacostia River Trail providing additional surrounding amenities. Eastern Market and the Capitol building are also within the stated nearby area.
The property is in Washington, DC’s Capitol Hill neighborhood, near Stadium-Armory Metro and Potomac Avenue Metro. Harris Teeter, Safeway, The Roost, and the Pretzel Bakery are nearby, with Lincoln Park, Spielberg Park, and the Anacostia River Trail providing additional surrounding amenities. Eastern Market and the Capitol building are also within the stated nearby area.
Key Highlights
- 2‑bedroom, 1‑bath condominium in Capitol Hill
- Updated HVAC and other systems
- Hardwood floors throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,515
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,300
$230.3K
Cap Rate 7%
$164,500
$164.5K
Cap Rate 9%
$127,944
$127.9K
Market Conditions
NOI Build-Up for 693 SF
Gross rent
$22.0K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.9K $30.21/SF
− OpEx
−$9.4K −$13.59/SF
NOI
$11.5K $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%
$230,300
Cap Rate 7%
$164,500
Cap Rate 9%
$127,944
Alternative Uses
Best Use
Apartment 5plus
$164.5K
$143.9K – $191.9K
NOI $11,515 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.5K
$311.9K – $415.9K
NOI $24,952 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Condominium includes updated systems, in-unit laundry, and a private parking space.
Where is this residential income property located?
The property is located at 1628 C STREET SE Unit 202 Washington, DC.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath condominium in Capitol Hill; Updated HVAC and other systems; Hardwood floors throughout the residence
