Building Details

Building Size 1,200 SF

Year Built 1900

Listing Agency: Compass

Listed By: Dana Rice · License #SP98374040 Show Phone

Source: Barnesrealestatecompany

Added: Oct 2 Changed: Oct 6 Last Checked: Oct 5 at 10:34PM

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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

Investment Insights

Based on property information with market context.

This apartment offers two bedrooms, a den, and one full bathroom. Hardwood floors, detailed trim, and an exposed brick feature wall add character, while large windows bring natural light into the open living and kitchen area. The kitchen includes granite countertops, white cabinetry, a dishwasher, microwave, gas range, and breakfast bar. A stacked washer and dryer is installed in a closet. The building dates to 1900.

The apartment is in Washington, DC’s Kalorama Triangle, near Rock Creek Park and the Woodley Park–Zoo/Adams Morgan Metro station on the Red Line. Local bus service, Safeway and Harris Teeter, and the dining and nightlife areas of Adams Morgan and Dupont Circle are also nearby.

Key Highlights

• Two bedrooms, a den, and one full bathroom
• Open living and kitchen area with an exposed brick feature wall
• Kitchen has granite countertops, a dishwasher, microwave, and gas range

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,352

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$467,040 $467.0K

Cap Rate 7%

$333,600 $333.6K

Cap Rate 9%

$259,467 $259.5K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$45.1K $37.56/SF

− Vacancy

−$2.6K −$2.18/SF

EGI

$42.5K $35.38/SF

− OpEx

−$19.1K −$15.92/SF

NOI

$23.4K $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%

$467,040

Cap Rate 7%

$333,600

Cap Rate 9%

$259,467

Alternative Uses

Best Use

Apartment 5plus

$333.6K

$291.9K – $389.2K (±1% cap)

NOI $23,352 @ 7.0% cap · market cap 3.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$617.2K

$540.1K – $720.1K (±1% cap)

NOI $43,207 @ 7.0% cap · market cap 6.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Electrical Service Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,060

Businesses Nearby

Explore this area 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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - An in-unit stacked washer and dryer and gas range complement the open living area.

Where is this residential income property located?

The property is located at 1832 BILTMORE STREET NW Unit 31 Washington, DC.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Two bedrooms, a den, and one full bathroom; Open living and kitchen area with an exposed brick feature wall; Kitchen has granite countertops, a dishwasher, microwave, and gas range