Four-Unit Residential Income
For Sale
$624,900
1824 D STREET NE #3, Washington, DC 20002
Upper-level residence with flexible living space, private outdoor areas, parking, and access to Capitol Hill amenities.
Property Size1,470 SF
Price / SF$425.10
Days on Market166
Property Features for 1824 D STREET NE #3
General Information
Standard status
Active
Size
1,470 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR+den/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
stone countertops
stainless steel appliances
hardwood floors
private roof deck
shared backyard
interior staircase
private bath
dual-head shower
designer bath
Central A/C
Forced Air
Disposal
Oven/Range - Gas
Refrigerator
WaterHeater
Exhaust Fan
Icemaker
Freezer
Built-In Microwave
Built-In Range
Dishwasher
Stainless Steel Appliances
Washer/Dryer Stacked
Deck
Building Details
Year Built
1937
Listing Agency:
Washington Capitol Hill
Listed By:
John Coleman · License #SP98375761
(202) 427-9689
Source:
Kw
Added: May 6
Changed: Oct 16
Last Checked: Oct 16 at 5:54AM
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 Washington Capitol Hill
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Investment Insights
Based on property information with market context.
Positioned on the upper levels of a four-unit building, this residence provides approximately 1,470 square feet across two floors. The layout includes three bedrooms, a den, and three full baths, with the main level combining the kitchen, dining area, and living room. The kitchen includes stone countertops, stainless steel appliances, hardwood flooring, and modern finishes. A bedroom with an attached bath occupies the main floor, while the upper level adds two bedrooms, including a primary suite with generous closet space and a dual-head shower bath. A den provides additional interior flexibility.
The home also includes a 360-square-foot private roof deck reached by an interior staircase, along with access to a shared backyard and included parking. Central A/C, forced air, a stacked washer and dryer, and additional kitchen appliances are present. Built in 1937, the property is located at 1824 D Street NE in Washington, DC, near Stadium-Armory Metro and Capitol Hill cafes. The roof deck has sightlines toward the RFK campus redevelopment, whose approved plan includes housing, retail, and recreation.
The home also includes a 360-square-foot private roof deck reached by an interior staircase, along with access to a shared backyard and included parking. Central A/C, forced air, a stacked washer and dryer, and additional kitchen appliances are present. Built in 1937, the property is located at 1824 D Street NE in Washington, DC, near Stadium-Armory Metro and Capitol Hill cafes. The roof deck has sightlines toward the RFK campus redevelopment, whose approved plan includes housing, retail, and recreation.
Key Highlights
- Approximately 1,470 square feet arranged across two levels
- Three bedrooms, a den, and three full baths
- 360‑square‑foot private roof deck with interior stair access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,026
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$48.5K $33.00/SF
− Vacancy
−$3.0K −$2.05/SF
EGI
$45.5K $30.95/SF
− OpEx
−$20.5K −$13.93/SF
NOI
$25.0K $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%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Apartment 5plus
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.0K
$664.1K – $885.5K
NOI $53,127 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,432
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level residence with flexible living space, private outdoor areas, parking, and access to Capitol Hill amenities.
Where is this residential income property located?
The property is located at 1824 D STREET NE #3 Washington, DC.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Approximately 1,470 square feet arranged across two levels; Three bedrooms, a den, and three full baths; 360‑square‑foot private roof deck with interior stair access
