Two-Bedroom Residential Income
For Sale
$500,000
1938 BILTMORE STREET NW Unit D, Washington, DC 20009
Victorian-style condo with a private entry, in-unit laundry, exposed brick, and flexible second-bedroom space.
Property Size1,040 SF
Days on Market163
Property Features for 1938 BILTMORE STREET NW Unit D
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kalorama Triangle
Taxes and HOA fees
Annual Taxes
$3,789
Building Details
Building Size
1,040 SF
Year Built
1938
Listing Agency:
Keller Williams Capital Properties
Listed By:
Summer Davis · License #32267
(267) 391-9009
Source:
Kwcapitalproperties
Added: May 22
Changed: Oct 25
Last Checked: Oct 30 at 8:52PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 1938 residential income property is a Victorian-style condo with two bedrooms and one bathroom. The interior combines exposed brick with an open living, dining, and kitchen arrangement, while windows bring natural light into the living areas. A private entrance, extensive storage, stacked washer and dryer, and a designer bathroom add practical functionality.
Located at 1938 Biltmore Street NW, Unit D, in Washington, DC, the property is near restaurants, boutique shops, cultural attractions, and public transportation. The second bedroom can serve as an office or den, providing flexibility within the two-bedroom layout.
Located at 1938 Biltmore Street NW, Unit D, in Washington, DC, the property is near restaurants, boutique shops, cultural attractions, and public transportation. The second bedroom can serve as an office or den, providing flexibility within the two-bedroom layout.
Key Highlights
- Two‑bedroom, one‑bathroom Victorian‑style condo
- Exposed brick accents in the living spaces
- Private entrance and extensive storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,238
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,760
$404.8K
Cap Rate 7%
$289,114
$289.1K
Cap Rate 9%
$224,867
$224.9K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$39.1K $37.56/SF
− Vacancy
−$2.3K −$2.18/SF
EGI
$36.8K $35.38/SF
− OpEx
−$16.6K −$15.92/SF
NOI
$20.2K $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%
$404,760
Cap Rate 7%
$289,114
Cap Rate 9%
$224,867
Alternative Uses
Best Use
Apartment 5plus
$289.1K
$253.0K – $337.3K
NOI $20,238 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.9K
$468.1K – $624.1K
NOI $37,446 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Victorian-style condo with a private entry, in-unit laundry, exposed brick, and flexible second-bedroom space.
Where is this residential income property located?
The property is located at 1938 BILTMORE STREET NW Unit D Washington, DC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom Victorian‑style condo; Exposed brick accents in the living spaces; Private entrance and extensive storage
