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One-Bedroom Condo Unit with Private Balcony
For Sale
$325,000

2310 4TH STREET NE Unit 15, Washington, DC 20002

Unit 22 in a 29-unit elevator building offers an open-concept layout, in-unit washer and dryer, and a private balcony.

Property Size581 SF
Days on Market69

Property Features for 2310 4TH STREET NE Unit 15

General Information

Standard status Active
Size 581 SF
Elevators Yes
Property subtype Unit/Flat/Apartment

Units

Unit Mix 1 x 1BR/1BA
Multifamily Units 1

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $2,149

Amenities

secure entry system
shared bike storage
rooftop terrace

Building Details

Building Size 581 SF
Year Built 2022
Listing Agency: Keller Williams Realty
Listed By: Deborah K Reynolds · License #BR98374317
Source: Kwcapitalproperties
Added: Jul 30 Changed: Oct 3 Last Checked: Oct 5 at 11:05PM

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 Realty

Investment Insights

Based on property information with market context.

Unit 22 at The Barker is a one-bedroom, one-bath condominium in a 29-unit elevator building, built in 2023. The interior features an open-concept living and dining area with wide-plank flooring and recessed lighting, flowing into a gourmet kitchen with quartz countertops, two-tone cabinetry, stainless steel appliances, designer hardware, and a large peninsula with seating.

A standout feature is the expansive private balcony with direct access from the bedroom, extending the home’s living space outdoors. The spa-inspired bathroom includes a modern vanity and contemporary finishes. The unit also includes an in-unit washer and dryer, additional storage, and elevator access.

The Barker offers building amenities including a secure entry system, shared bike storage, and a rooftop terrace with sweeping views. Located at the intersection area of Edgewood, Brookland, Eckington, and NoMa, the residence is positioned for quick access to nearby transit and popular retail and dining options, including Brookland Metro and Rhode Island Avenue, along with nearby destinations such as Union Market and NoMa.

Key Highlights

  • Unit 22 in a 29‑unit elevator building
  • Built in 2023
  • One‑bedroom, one‑bath layout with open‑concept living and dining

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$9,891
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,820 $197.8K
Cap Rate 7%
$141,300 $141.3K
Cap Rate 9%
$109,900 $109.9K
Market Conditions
NOI Build-Up for 581 SF
Gross rent
$19.2K $33.00/SF
− Vacancy
−$1.2K −$2.05/SF
EGI
$18.0K $30.95/SF
− OpEx
−$8.1K −$13.93/SF
NOI
$9.9K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,820
Cap Rate 7%
$141,300
Cap Rate 9%
$109,900

Alternative Uses

Best Use
Apartment 5plus
$141.3K
$123.6K – $164.9K (±1% cap)
NOI $9,891 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.0K
$262.5K – $350.0K (±1% cap)
NOI $20,998 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

The Barker Condominium Complex

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store Spa & Massage Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

2,051
Businesses Nearby

Demographics for 20002, DC

69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - Unit 22 in a 29-unit elevator building offers an open-concept layout, in-unit washer and dryer, and a private balcony.
Where is this residential income property located?
The property is located at 2310 4TH STREET NE Unit 15 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Unit 22 in a 29‑unit elevator building; Built in 2023; One‑bedroom, one‑bath layout with open‑concept living and dining
More about this property
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