Residential Income Property with Private
For Sale
$290,000
1720 CAPITOL AVENUE NE Unit 2, Washington, DC 20002
The two-bedroom condominium pairs a practical interior layout with a fenced outdoor area for private use.
Property Size686 SF
Price / SF$422.74
Days on Market64
Property Features for 1720 CAPITOL AVENUE NE Unit 2
General Information
Standard status
Active
Size
686 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ivy City
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,328
Amenities
private fully fenced backyard
Building Details
Building Size
686 SF
Year Built
1937
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
R. Anne Cristaldi · License #SP00097160
(301) 854-9555
Source:
Kartaproperties
Added: Aug 26
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
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This 686-square-foot condominium has two bedrooms and one bathroom, with parquet flooring and oak cabinetry in the kitchen. Built in 1937, the unit also has access to a fully fenced backyard, providing private outdoor space.
The property is in Washington, DC, minutes from Metro service and near Gallaudet University, shopping, restaurants, parks, and other neighborhood amenities.
The property is in Washington, DC, minutes from Metro service and near Gallaudet University, shopping, restaurants, parks, and other neighborhood amenities.
Key Highlights
- 686‑square‑foot condominium with 2 bedrooms and 1 bathroom
- Fully fenced backyard
- Parquet floors and oak kitchen cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,679
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,580
$233.6K
Cap Rate 7%
$166,843
$166.8K
Cap Rate 9%
$129,767
$129.8K
Market Conditions
NOI Build-Up for 686 SF
Gross rent
$22.6K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$21.2K $30.95/SF
− OpEx
−$9.6K −$13.93/SF
NOI
$11.7K $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%
$233,580
Cap Rate 7%
$166,843
Cap Rate 9%
$129,767
Alternative Uses
Best Use
Apartment 5plus
$166.8K
$146.0K – $194.7K
NOI $11,679 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.2K
$309.9K – $413.2K
NOI $24,793 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
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 - The two-bedroom condominium pairs a practical interior layout with a fenced outdoor area for private use.
Where is this residential income property located?
The property is located at 1720 CAPITOL AVENUE NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 686‑square‑foot condominium with 2 bedrooms and 1 bathroom; Fully fenced backyard; Parquet floors and oak kitchen cabinets
