Efficiency Residential Income
For Sale
$220,000
1816 NEW HAMPSHIRE AVENUE NW Unit 302, Washington, DC 20009
A compact condominium offers a galley kitchen, wood flooring, generous closet storage, and shared laundry within the building.
Property Size336 SF
Price / SF$654.76
Days on Market113
Property Features for 1816 NEW HAMPSHIRE AVENUE NW Unit 302
General Information
Standard status
Active
Size
336 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Adams Morgan
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,835
Amenities
laundry
secure building entry system
front desk
pet-friendly
Building Details
Building Size
336 SF
Year Built
1965
Listing Agency:
Northrop Realty
Listed By:
Daniel B Register IV · License #534790
(410) 531-0321
Source:
Jackrealtygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 Northrop Realty
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Investment Insights
Based on property information with market context.
This 336-square-foot efficiency condominium is in a building constructed in 1965. The unit features an open layout, wood flooring, large windows, a galley kitchen with a coffee bar, and ample closet storage. Shared laundry is located on the lower level, and the building has controlled entry and a staffed front desk six days a week. Pets are allowed.
At 1816 New Hampshire Avenue NW in Washington, DC, the property is a 10-minute walk from Dupont Circle Metro and a 12-minute walk from U Street/Cardozo Metro. Bus routes, a Capital Bikeshare station one block away, parks across the street, and nearby grocery stores, restaurants, shops, and the Dupont farmers market add to the surrounding amenities.
At 1816 New Hampshire Avenue NW in Washington, DC, the property is a 10-minute walk from Dupont Circle Metro and a 12-minute walk from U Street/Cardozo Metro. Bus routes, a Capital Bikeshare station one block away, parks across the street, and nearby grocery stores, restaurants, shops, and the Dupont farmers market add to the surrounding amenities.
Key Highlights
- 336‑square‑foot efficiency condominium in a building completed in 1965
- Open‑plan interior with galley kitchen, coffee bar, wood floors, and ample closets
- Lower‑level shared laundry, controlled building entry, and front desk staffed 6 days a week
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,539
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,780
$130.8K
Cap Rate 7%
$93,414
$93.4K
Cap Rate 9%
$72,656
$72.7K
Market Conditions
NOI Build-Up for 336 SF
Gross rent
$12.6K $37.56/SF
− Vacancy
−$732 −$2.18/SF
EGI
$11.9K $35.38/SF
− OpEx
−$5.3K −$15.92/SF
NOI
$6.5K $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%
$130,780
Cap Rate 7%
$93,414
Cap Rate 9%
$72,656
Alternative Uses
Best Use
Apartment 5plus
$93.4K
$81.7K – $109.0K
NOI $6,539 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 5.50%
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
10,381
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 - A compact condominium offers a galley kitchen, wood flooring, generous closet storage, and shared laundry within the building.
Where is this residential income property located?
The property is located at 1816 NEW HAMPSHIRE AVENUE NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 336‑square‑foot efficiency condominium in a building completed in 1965; Open‑plan interior with galley kitchen, coffee bar, wood floors, and ample closets; Lower‑level shared laundry, controlled building entry, and front desk staffed 6 days a week
