Kingman Park Multifamily Investment
For Sale
$999,999
1835 D Street NE, Washington, DC 20002
Renovated multifamily property near transit, dining, and recreation.
Property Size2,960 SF
Price / SF$337.84
Days on Market370
Property Features for 1835 D Street NE
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
Rosedale
Building Details
Year Built
1938
Listing Agency:
Own Real Estate
Listed By:
Jeremiah Abu-Bakr
(202) 957-8332
Source:
Deepcreeklake
Added: Oct 24, 2025
Changed: Oct 27
Last Checked: Oct 28 at 8:50AM
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 Own Real Estate
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Investment Insights
Based on property information with market context.
This well-located property is situated in the heart of Kingman Park, offering convenient access to parks, transit, and vibrant city living. It is just moments from Anacostia Park and the Anacostia Riverwalk Trail, providing miles of outdoor recreation including biking, jogging, and waterfront green space. The property is ideally positioned near the H Street NE corridor with easy access to dining, retail, and entertainment. Commuting is seamless with the nearby Stadium-Armory Metro Station (Orange, Blue, and Silver Lines), offering quick connections to Capitol Hill, downtown DC, and Northern Virginia. All units are vacant and have been renovated within the last five years, featuring updated interiors that complement the property’s prime location. The property is in close proximity to the RFK Stadium campus redevelopment, major commuter routes, and everyday amenities. The bike score is 97, indicating a biker's paradise. The walk score is 78, indicating the area is very walkable. The transit score is 72, indicating excellent transit options.
Key Highlights
- Prime location in Kingman Park with convenient access to parks, transit, and H Street NE corridor.
- Renovated units with updated interiors.
- Excellent transit score (72) with easy access to Stadium‑Armory Metro Station.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,393
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,860
$1.0M
Cap Rate 7%
$719,900
$719.9K
Cap Rate 9%
$559,922
$559.9K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$97.7K $33.00/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$91.6K $30.95/SF
− OpEx
−$41.2K −$13.93/SF
NOI
$50.4K $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%
$1,007,860
Cap Rate 7%
$719,900
Cap Rate 9%
$559,922
Alternative Uses
Best Use
Apartment 5plus
$719.9K
$629.9K – $839.9K
NOI $50,393 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,978 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,189
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property near transit, dining, and recreation.
Where is this apartment building located?
The property is located at 1835 D Street NE Washington, DC.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime location in Kingman Park with convenient access to parks, transit, and H Street NE corridor.; Renovated units with updated interiors.; Excellent transit score (72) with easy access to Stadium‑Armory Metro Station.
