Two-Level Residential Income
For Sale
$625,000
1810 CENTRAL PLACE NE Unit 1, Washington, DC 20002
New construction offers an open kitchen, dining, and lounge arrangement with in-unit laundry.
Property Size1,920 SF
Price / SF$325.52
Days on Market127
Property Features for 1810 CENTRAL PLACE NE Unit 1
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ivy City
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,525
Amenities
in-unit laundry
Building Details
Building Size
1,920 SF
Year Built
2025
Stories
2
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Dina V Shaminova
(202) 640-8415
Source:
Kwcapitalproperties
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 28 at 3:00PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This newly constructed condominium residence spans two levels and includes 4 bedrooms, 4.5 baths, and approximately 1,920 square feet. The interior centers on an open configuration linking the kitchen, dining area, and lounge. Modern cabinetry, contrasting finishes, and a large island define the kitchen, while wide-plank flooring extends throughout the home. Sound-insulated oversized windows provide natural light and help create a quieter interior. Bedrooms are arranged across both floors, and the residence also includes contemporary bathrooms and in-unit laundry.
The property is in Ivy City, surrounded by restaurants, retail, and everyday services. Union Market and the National Arboretum are nearby. Built in 2025, the condominium combines a residence-style layout with the convenience of a low-maintenance home.
The property is in Ivy City, surrounded by restaurants, retail, and everyday services. Union Market and the National Arboretum are nearby. Built in 2025, the condominium combines a residence-style layout with the convenience of a low-maintenance home.
Key Highlights
- 4‑bedroom, 4.5‑bath condominium with approximately 1,920 square feet
- Two‑level layout separates bedrooms across both floors
- Open kitchen, dining, and lounge arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,687
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,740
$653.7K
Cap Rate 7%
$466,957
$467.0K
Cap Rate 9%
$363,189
$363.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$63.4K $33.00/SF
− Vacancy
−$3.9K −$2.05/SF
EGI
$59.4K $30.95/SF
− OpEx
−$26.7K −$13.93/SF
NOI
$32.7K $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%
$653,740
Cap Rate 7%
$466,957
Cap Rate 9%
$363,189
Alternative Uses
Best Use
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,687 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.3K
$867.4K – $1.16M
NOI $69,391 @ 7.0% cap · market cap 11.10%
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
1,479
Businesses Nearby
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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 - New construction offers an open kitchen, dining, and lounge arrangement with in-unit laundry.
Where is this residential income property located?
The property is located at 1810 CENTRAL PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4‑bedroom, 4.5‑bath condominium with approximately 1,920 square feet; Two‑level layout separates bedrooms across both floors; Open kitchen, dining, and lounge arrangement
