Residential Income Property with
For Sale
$549,000
1838 4TH STREET NW Unit 2A, Washington, DC 20001
Condominium residence with two bedrooms, a flexible den, natural light, and open living areas.
Property Size1,050 SF
Days on Market235
Property Features for 1838 4TH STREET NW Unit 2A
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ledroit Park
Taxes and HOA fees
Annual Taxes
$4,559
Building Details
Building Size
1,050 SF
Year Built
1910
Listing Agency:
DC Real Property,LLC
Listed By:
Kenn B Blagburn · License #PB98373602
(202) 468-5917
Source:
Kwcapitalproperties
Added: Mar 11
Changed: Oct 25
Last Checked: Oct 30 at 11:53PM
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 DC Real Property,LLC
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Investment Insights
Based on property information with market context.
This residential income property is a condominium residence in Washington, DC, with two bedrooms and an additional den. The interior includes bright living areas, large windows, warm finishes, and a kitchen arranged alongside the main living space. The den provides adaptable room for office, guest, or creative use, as described in the property information.
Built in 1910, the property is located at 1838 4th Street NW Unit 2A in the LeDroit Park area. The surrounding setting includes Victorian rowhomes, tree-lined streets, neighborhood parks, and access to Shaw, Bloomingdale, and the U Street corridor. Howard University, Metro access, and downtown Washington, DC, are also identified as nearby conveniences.
Built in 1910, the property is located at 1838 4th Street NW Unit 2A in the LeDroit Park area. The surrounding setting includes Victorian rowhomes, tree-lined streets, neighborhood parks, and access to Shaw, Bloomingdale, and the U Street corridor. Howard University, Metro access, and downtown Washington, DC, are also identified as nearby conveniences.
Key Highlights
- Two‑bedroom condominium with an additional den
- Large windows and bright open living areas
- Kitchen positioned alongside the main living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,446
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,920
$348.9K
Cap Rate 7%
$249,229
$249.2K
Cap Rate 9%
$193,844
$193.8K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$33.4K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$31.7K $30.21/SF
− OpEx
−$14.3K −$13.59/SF
NOI
$17.4K $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%
$348,920
Cap Rate 7%
$249,229
Cap Rate 9%
$193,844
Alternative Uses
Best Use
Apartment 5plus
$249.2K
$218.1K – $290.8K
NOI $17,446 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.1K
$472.6K – $630.1K
NOI $37,806 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,820
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with two bedrooms, a flexible den, natural light, and open living areas.
Where is this residential income property located?
The property is located at 1838 4TH STREET NW Unit 2A Washington, DC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑bedroom condominium with an additional den; Large windows and bright open living areas; Kitchen positioned alongside the main living space
