One-Bedroom Residential Income
For Sale
$270,000
1643 MONTELLO AVENUE NE Unit 1, Washington, DC 20002
A west-facing living room and east-facing bedroom receive afternoon and morning light, respectively.
Property Size566 SF
Days on Market13
Property Features for 1643 MONTELLO AVENUE NE Unit 1
General Information
Standard status
Active
Size
566 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,345
Amenities
hardwood floors
in-unit washer and dryer
shared patio and backyard
stainless steel appliances
gas cooking
granite countertops
wood cabinetry
large-format tile
Building Details
Building Size
566 SF
Year Built
1941
Listing Agency:
Compass
Listed By:
Douglas W Blocker · License #SP215142
(202) 997-0301
Source:
Kwcapitalproperties
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 6 at 12:17AM
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 first-floor, one-bedroom condo was built in 1941 and has been freshly painted. Hardwood flooring extends throughout, and the kitchen features stainless steel appliances, gas cooking, granite counters, and wood cabinetry. The bathroom has large-format tile on the floor and around the tub. A rear door connects the unit to a shared patio and backyard; laundry is provided in the unit. The east-facing bedroom includes generous closet space.
The property is in Trinidad, with Union Market, Ivy City, and the H Street Corridor nearby. The NoMa-Gallaudet U Metro station and New York Avenue provide connections across Washington. Restaurants, breweries, shops, and neighborhood amenities are also in the surrounding area.
The property is in Trinidad, with Union Market, Ivy City, and the H Street Corridor nearby. The NoMa-Gallaudet U Metro station and New York Avenue provide connections across Washington. Restaurants, breweries, shops, and neighborhood amenities are also in the surrounding area.
Key Highlights
- First‑floor, one‑bedroom condo built in 1941
- Hardwood floors throughout; freshly painted interior
- Kitchen with stainless steel appliances, gas cooking, granite counters, and wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,636
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,720
$192.7K
Cap Rate 7%
$137,657
$137.7K
Cap Rate 9%
$107,067
$107.1K
Market Conditions
NOI Build-Up for 566 SF
Gross rent
$18.7K $33.00/SF
− Vacancy
−$1.2K −$2.05/SF
EGI
$17.5K $30.95/SF
− OpEx
−$7.9K −$13.93/SF
NOI
$9.6K $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%
$192,720
Cap Rate 7%
$137,657
Cap Rate 9%
$107,067
Alternative Uses
Best Use
Apartment 5plus
$137.7K
$120.5K – $160.6K
NOI $9,636 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,456 @ 7.0% cap · market cap 7.58%
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
2,149
Businesses Nearby
Explore this area
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 - A west-facing living room and east-facing bedroom receive afternoon and morning light, respectively.
Where is this residential income property located?
The property is located at 1643 MONTELLO AVENUE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: First‑floor, one‑bedroom condo built in 1941; Hardwood floors throughout; freshly painted interior; Kitchen with stainless steel appliances, gas cooking, granite counters, and wood cabinetry
