Residential Income
For Sale
$550,000
2412 17TH STREET NW Unit 305, Washington, DC 20009
The two-bedroom residence pairs an open living and dining area with a renovated kitchen and two balcony entrances.
Property Size844 SF
Days on Market22
Property Features for 2412 17TH STREET NW Unit 305
General Information
Standard status
Active
Size
844 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,483
Building Details
Building Size
844 SF
Year Built
1910
Year Renovated
2008
Listing Agency:
RLAH @properties
Listed By:
Dennis A Horner · License #SP98363458
(703) 629-8455
Source:
Kwcapitalproperties
Added: Sep 27
Changed: Oct 10
Last Checked: Oct 16 at 3:20PM
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 RLAH @properties
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Investment Insights
Based on property information with market context.
This residential income property includes a two-bedroom, one-bathroom condo with an open living and dining layout. The kitchen has Silestone quartz counters, stainless steel appliances and maple cabinetry. Luxury vinyl tile flooring, high ceilings, large windows with custom shades, and two balcony entrances with screen doors are among the unit’s features. Custom closet organization and separate storage are also included. The building was completely rebuilt in 2008.
The property is in Washington, DC, near grocery stores, pharmacies, shops, restaurants, public transportation and parks, including Meridian Hill Park. Kalorama, Adams Morgan, Woodley Park, Columbia Heights and the U Street Corridor are also identified in the surrounding area.
The property is in Washington, DC, near grocery stores, pharmacies, shops, restaurants, public transportation and parks, including Meridian Hill Park. Kalorama, Adams Morgan, Woodley Park, Columbia Heights and the U Street Corridor are also identified in the surrounding area.
Key Highlights
- Two bedrooms and one bathroom
- Building completely rebuilt in 2008
- Kitchen with Silestone quartz counters, stainless steel appliances and maple cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,424
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,480
$328.5K
Cap Rate 7%
$234,629
$234.6K
Cap Rate 9%
$182,489
$182.5K
Market Conditions
NOI Build-Up for 844 SF
Gross rent
$31.7K $37.56/SF
− Vacancy
−$1.8K −$2.18/SF
EGI
$29.9K $35.38/SF
− OpEx
−$13.4K −$15.92/SF
NOI
$16.4K $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%
$328,480
Cap Rate 7%
$234,629
Cap Rate 9%
$182,489
Alternative Uses
Best Use
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,424 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
694
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 - The two-bedroom residence pairs an open living and dining area with a renovated kitchen and two balcony entrances.
Where is this residential income property located?
The property is located at 2412 17TH STREET NW Unit 305 Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Building completely rebuilt in 2008; Kitchen with Silestone quartz counters, stainless steel appliances and maple cabinets
