Top-Floor Residential Income
For Sale
$369,000
1836 INDEPENDENCE AVENUE SE Unit 4, Washington, DC 20003
Updated one-bedroom residence with a den, hardwood floors, in-unit laundry, and shared outdoor space near Metro access.
Property Size698 SF
Price / SF$527.14
Days on Market31
Property Features for 1836 INDEPENDENCE AVENUE SE Unit 4
General Information
Standard status
Active
Size
698 SF
Property subtype
Unit/Flat/Apartment
Financials
Asking Price
$369,000
HOA Fee
$250
Units
Unit Mix
1 x 1BR + DEN
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,594
Amenities
in-unit laundry
shared yard and patio
Building Details
Building Size
698 SF
Year Built
1936
Listing Agency:
Northgate Realty, LLC
Listed By:
Constantina A Paxenos · License #SP98365796
(202) 256-1624
Source:
Kwcapitalproperties
Added: Sep 6
Changed: Oct 6
Last Checked: Oct 5 at 10:23PM
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 Northgate Realty, LLC
Investment Insights
Based on property information with market context.
Top-floor residence in a 4-unit building, offering nearly 700 SF with a large bedroom and a separate den suitable for office or guest use. The interior includes hardwood floors, in-unit laundry, updated HVAC installed in 2023, and a water heater replaced in 2022. A fully fenced shared yard and patio add outdoor space to the property.
The home is located at 1836 Independence Avenue SE in Washington, DC, approximately 1/2 block from the Stadium-Armory Metro station. Capitol Hill is minutes away, and the 180-acre RFK campus transformation is planned to include housing, restaurants, retail, entertainment, parks, recreation, and improved connections to the Anacostia River.
The home is located at 1836 Independence Avenue SE in Washington, DC, approximately 1/2 block from the Stadium-Armory Metro station. Capitol Hill is minutes away, and the 180-acre RFK campus transformation is planned to include housing, restaurants, retail, entertainment, parks, recreation, and improved connections to the Anacostia River.
Key Highlights
- Nearly 700 SF top‑floor residence with 1BR + DEN
- Located 1/2 block from Stadium‑Armory Metro
- Updated HVAC installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,631
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,620
$232.6K
Cap Rate 7%
$166,157
$166.2K
Cap Rate 9%
$129,233
$129.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$22.3K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.1K $30.21/SF
− OpEx
−$9.5K −$13.59/SF
NOI
$11.6K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,620
Cap Rate 7%
$166,157
Cap Rate 9%
$129,233
Alternative Uses
Best Use
Apartment 5plus
$166.2K
$145.4K – $193.9K
NOI $11,631 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.1K
$315.1K – $420.1K
NOI $25,204 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom residence with a den, hardwood floors, in-unit laundry, and shared outdoor space near Metro access.
Where is this residential income property located?
The property is located at 1836 INDEPENDENCE AVENUE SE Unit 4 Washington, DC.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Nearly 700 SF top‑floor residence with 1BR + DEN; Located 1/2 block from Stadium‑Armory Metro; Updated HVAC installed in 2023
