Renovated Residential Income
For Sale
$437,500
1800 R STREET NW Unit 204, Washington, DC 20009
One-bedroom condominium with updated finishes, in-unit laundry, and a basement storage bin.
Property Size735 SF
Price / SF$595.24
Days on Market47
Property Features for 1800 R STREET NW Unit 204
General Information
Standard status
Active
Size
735 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,145
Amenities
in-unit washer and dryer
dedicated storage bin
Building Details
Building Size
735 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
Marcela M Zoccali
(301) 275-5978
Source:
Canopy-re
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 26 at 12:33PM
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 735-square-foot condominium at 1800 R Street NW, Unit 204, has one bedroom and one bathroom. The kitchen features quartz counters, white cabinetry, subway tile, and stainless steel appliances, while wood flooring extends through the living space. Southwest-facing windows bring natural light into the combined living and dining area. The bedroom includes a walk-in closet, and the unit has an in-unit washer and dryer.
Built in 1964, the property also includes a dedicated basement storage bin. Pets are permitted without building restrictions.
Built in 1964, the property also includes a dedicated basement storage bin. Pets are permitted without building restrictions.
Key Highlights
- 735‑square‑foot condominium with one bedroom and one bathroom
- Kitchen with quartz countertops, white cabinetry, subway tile, and stainless steel appliances
- Southwest exposure in the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,303
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,060
$286.1K
Cap Rate 7%
$204,329
$204.3K
Cap Rate 9%
$158,922
$158.9K
Market Conditions
NOI Build-Up for 735 SF
Gross rent
$27.6K $37.56/SF
− Vacancy
−$1.6K −$2.18/SF
EGI
$26.0K $35.38/SF
− OpEx
−$11.7K −$15.92/SF
NOI
$14.3K $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%
$286,060
Cap Rate 7%
$204,329
Cap Rate 9%
$158,922
Alternative Uses
Best Use
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,303 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.1K
$330.8K – $441.1K
NOI $26,464 @ 7.0% cap · market cap 6.05%
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
16,003
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 - One-bedroom condominium with updated finishes, in-unit laundry, and a basement storage bin.
Where is this residential income property located?
The property is located at 1800 R STREET NW Unit 204 Washington, DC.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: 735‑square‑foot condominium with one bedroom and one bathroom; Kitchen with quartz countertops, white cabinetry, subway tile, and stainless steel appliances; Southwest exposure in the living and dining area
