Penthouse Residential Income
For Sale
$1,150,000
1923 12TH STREET NW Unit 3, Washington, DC 20009
Bright two-bedroom residence with a private rooftop deck, dedicated parking, and detailed interior finishes.
Property Size1,710 SF
Days on Market73
Property Features for 1923 12TH STREET NW Unit 3
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
U Street
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,887
Amenities
private rooftop deck
dedicated parking
gas fireplace
full-size washer and dryer
Building Details
Building Size
1,710 SF
Year Built
1906
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Mattia D'Affuso · License #SP200200245
(240) 464-5626
Source:
Barnesrealestatecompany
Added: Aug 19
Changed: Oct 29
Last Checked: Oct 28 at 5:53PM
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 TTR Sotheby's International Realty
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Investment Insights
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Located at 1923 12TH STREET NW Unit: 3 in Washington, DC, this penthouse occupies the upper level of a three-unit building constructed in 1906. The residence offers more than 1,700 square feet with two bedrooms, two-and-a-half baths, a powder room, and a defined living and dining arrangement. Skylights, high ceilings, western-facing windows, and bamboo flooring contribute to the interior character, while a gas fireplace provides a focal point in the living room.
The kitchen includes Carrara marble counters, cherry cabinetry, stainless steel appliances, a tiled backsplash, and a center island with seating. A nearby bar incorporates a wine refrigerator and glass-front storage. The primary suite has a walk-in closet and a bath with dual vanities and a double shower; the second bedroom also includes a walk-in closet. Additional features include a full-size washer and dryer, dedicated parking, and a private rooftop deck with treetop and city views. The property is near the U Street Corridor, 14th Street, Whole Foods, Trader Joe’s, the Lincoln Theatre, neighborhood dining, and the Metro.
The kitchen includes Carrara marble counters, cherry cabinetry, stainless steel appliances, a tiled backsplash, and a center island with seating. A nearby bar incorporates a wine refrigerator and glass-front storage. The primary suite has a walk-in closet and a bath with dual vanities and a double shower; the second bedroom also includes a walk-in closet. Additional features include a full-size washer and dryer, dedicated parking, and a private rooftop deck with treetop and city views. The property is near the U Street Corridor, 14th Street, Whole Foods, Trader Joe’s, the Lincoln Theatre, neighborhood dining, and the Metro.
Key Highlights
- More than 1,700 square feet in a two‑bedroom, two‑and‑a‑half‑bath penthouse residence
- Private rooftop deck with treetop and city views
- Part of an intimate three‑unit building constructed in 1906
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,276
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,520
$665.5K
Cap Rate 7%
$475,371
$475.4K
Cap Rate 9%
$369,733
$369.7K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$64.2K $37.56/SF
− Vacancy
−$3.7K −$2.18/SF
EGI
$60.5K $35.38/SF
− OpEx
−$27.2K −$15.92/SF
NOI
$33.3K $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%
$665,520
Cap Rate 7%
$475,371
Cap Rate 9%
$369,733
Alternative Uses
Best Use
Apartment 5plus
$475.4K
$416.0K – $554.6K
NOI $33,276 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.6K
$769.6K – $1.03M
NOI $61,570 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,771
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright two-bedroom residence with a private rooftop deck, dedicated parking, and detailed interior finishes.
Where is this residential income property located?
The property is located at 1923 12TH STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: More than 1,700 square feet in a two‑bedroom, two‑and‑a‑half‑bath penthouse residence; Private rooftop deck with treetop and city views; Part of an intimate three‑unit building constructed in 1906
