Updated Residential Income
For Sale
$499,900
1767 LANIER PLACE NW Unit 1, Washington, DC 20009
Two-bedroom unit with renovated kitchen, private patio, and access to shared rooftop and green spaces.
Property Size851 SF
Days on Market80
Property Features for 1767 LANIER PLACE NW Unit 1
General Information
Standard status
Active
Size
851 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Lanier Heights
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,426
Amenities
private patio
community rooftop deck
shared green space
storage options
Building Details
Building Size
851 SF
Year Built
2016
Listing Agency:
Realty of America LLC
Listed By:
Andres A Serafini · License #SP98374775
(240) 418-8899
Source:
Kwcapitalproperties
Added: Aug 13
Changed: Oct 30
Last Checked: Oct 30 at 9:39PM
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 Realty of America LLC
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Investment Insights
Based on property information with market context.
This updated residential income property at 1767 Lanier Place NW, Unit 1, provides over 850 square feet with two bedrooms and two full bathrooms. The interior features an open living and dining arrangement, abundant natural light, fresh paint, LVP flooring, and a renovated kitchen integrated with the main living areas. The primary bedroom includes an updated en-suite bath, while the second bedroom can serve guests or a home office.
Outdoor and shared amenities include a private patio, community rooftop deck, shared green space, and storage options. The building was constructed in 2016 and is described as nicely maintained. The property sits between Adams Morgan and Mount Pleasant, near Rock Creek Park, Woodley Park/Adams Morgan and Columbia Heights Metro stations, neighborhood cafes, restaurants, shopping, and daily conveniences.
Outdoor and shared amenities include a private patio, community rooftop deck, shared green space, and storage options. The building was constructed in 2016 and is described as nicely maintained. The property sits between Adams Morgan and Mount Pleasant, near Rock Creek Park, Woodley Park/Adams Morgan and Columbia Heights Metro stations, neighborhood cafes, restaurants, shopping, and daily conveniences.
Key Highlights
- Two bedrooms and two full bathrooms in over 850 square feet
- Renovated kitchen connected to the living and dining areas
- Private patio plus access to a community rooftop deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,560
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,200
$331.2K
Cap Rate 7%
$236,571
$236.6K
Cap Rate 9%
$184,000
$184.0K
Market Conditions
NOI Build-Up for 851 SF
Gross rent
$32.0K $37.56/SF
− Vacancy
−$1.9K −$2.18/SF
EGI
$30.1K $35.38/SF
− OpEx
−$13.5K −$15.92/SF
NOI
$16.6K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,200
Cap Rate 7%
$236,571
Cap Rate 9%
$184,000
Alternative Uses
Best Use
Apartment 5plus
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,590
Businesses Nearby
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Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with renovated kitchen, private patio, and access to shared rooftop and green spaces.
Where is this residential income property located?
The property is located at 1767 LANIER PLACE NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in over 850 square feet; Renovated kitchen connected to the living and dining areas; Private patio plus access to a community rooftop deck
