Condominium with Private
New
For Sale
$525,000
2038 18TH STREET NW Unit 101, Washington, DC 20009
The 1910 elevator building also features a shared roof deck, bike storage, and additional storage.
Property Size1,270 SF
Price / SF$413.39
Days on Market7
Property Features for 2038 18TH STREET NW Unit 101
General Information
Standard status
Active
Size
1,270 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,295
Amenities
wood-burning fireplace
private deck
common roof deck
bike storage
extra storage
in-unit washer/dryer
Building Details
Building Size
1,270 SF
Year Built
1910
Listing Agency:
Urban Brokers, LLC
Listed By:
Mark Oliver Meyerdirk · License #PB98360195
(202) 489-6150
Source:
Kwcapitalproperties
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:56PM
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 Urban Brokers, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set in The Ashley, a 1910 elevator building, this renovated two-bedroom condominium spans 1,270 square feet. Its formal layout includes an entry foyer, separate living and dining rooms, a wood-burning fireplace, and a private deck accessible from both the living room and primary bedroom. The kitchen has white shaker cabinets, quartz counters, subway tile, a gas range, microwave, dishwasher, and in-unit washer and dryer. The home also includes one full bath, a powder room, hardwood floors, and new bedroom carpeting.
Building amenities include a common roof deck with views of the Washington Monument, bike storage, and extra storage. The property is near the restaurants and shops of 18th Street in Adams Morgan, with Kalorama Park, Dupont Circle, and the Dupont Circle Metro within walking distance.
Building amenities include a common roof deck with views of the Washington Monument, bike storage, and extra storage. The property is near the restaurants and shops of 18th Street in Adams Morgan, with Kalorama Park, Dupont Circle, and the Dupont Circle Metro within walking distance.
Key Highlights
- Renovated two‑bedroom condominium with 1,270 square feet
- Private deck accessible from the living room and primary bedroom
- 1910 elevator building with a shared roof deck overlooking the Washington Monument
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,714
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,280
$494.3K
Cap Rate 7%
$353,057
$353.1K
Cap Rate 9%
$274,600
$274.6K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$47.7K $37.56/SF
− Vacancy
−$2.8K −$2.18/SF
EGI
$44.9K $35.38/SF
− OpEx
−$20.2K −$15.92/SF
NOI
$24.7K $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%
$494,280
Cap Rate 7%
$353,057
Cap Rate 9%
$274,600
Alternative Uses
Best Use
Apartment 5plus
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,727 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,539
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The 1910 elevator building also features a shared roof deck, bike storage, and additional storage.
Where is this residential income property located?
The property is located at 2038 18TH STREET NW Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Renovated two‑bedroom condominium with 1,270 square feet; Private deck accessible from the living room and primary bedroom; 1910 elevator building with a shared roof deck overlooking the Washington Monument
