Penthouse Residential Income
For Sale
$475,000
2201 15TH STREET NW Unit 303, Washington, DC 20009
The unit offers three bedrooms, two full bathrooms, and a kitchen with space for a table.
Property Size949 SF
Days on Market25
Property Features for 2201 15TH STREET NW Unit 303
General Information
Standard status
Active
Size
949 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,150
Amenities
common laundry
Building Details
Building Size
949 SF
Year Built
1925
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Charles L Wilson
(301) 704-0520
Source:
Kwcapitalproperties
Added: Sep 25
Changed: Oct 12
Last Checked: Oct 16 at 4:03PM
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
Based on property information with market context.
This penthouse unit in a residential income property has three bedrooms and two full bathrooms. Wood flooring runs through the unit, and the kitchen accommodates a dining table. The building dates to 1925.
Laundry facilities are located on the lower floor. The property also has a secured main entrance, with smoke detectors in the unit.
Laundry facilities are located on the lower floor. The property also has a secured main entrance, with smoke detectors in the unit.
Key Highlights
- Three bedrooms and two full bathrooms
- Penthouse unit in a building constructed in 1925
- Wood flooring and a kitchen with space for a dining table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,467
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,340
$369.3K
Cap Rate 7%
$263,814
$263.8K
Cap Rate 9%
$205,189
$205.2K
Market Conditions
NOI Build-Up for 949 SF
Gross rent
$35.6K $37.56/SF
− Vacancy
−$2.1K −$2.18/SF
EGI
$33.6K $35.38/SF
− OpEx
−$15.1K −$15.92/SF
NOI
$18.5K $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%
$369,340
Cap Rate 7%
$263,814
Cap Rate 9%
$205,189
Alternative Uses
Best Use
Apartment 5plus
$263.8K
$230.8K – $307.8K
NOI $18,467 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.5K
NOI $34,169 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,239
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit offers three bedrooms, two full bathrooms, and a kitchen with space for a table.
Where is this residential income property located?
The property is located at 2201 15TH STREET NW Unit 303 Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Penthouse unit in a building constructed in 1925; Wood flooring and a kitchen with space for a dining table
