Penthouse Residential Income
256 15TH STREET SE Unit 7 Washington, DC 20003
For Sale
$745,000
Like-new penthouse in a boutique, self-managed 8-unit condo with a private rooftop terrace and off-street parking.
Property Size1,513 SF
Price / SF$492.40
Days on Market65
Property Features for 256 15TH STREET SE Unit 7
General Information
Standard status
Active
Size
1,513 SF
Property subtype
Penthouse Unit/Flat/Apartment
Building Details
Year Built
2023
Listing Agency:
Real Broker, LLC
(202) 415-7400
Listed By:
Jason E Townsend · License #BR98360839
(202) 415-7400
Source:
Kerishull
Added: May 27
Changed: Jul 30
Last Checked: Jul 30 at 4:14AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Experience elevated Capitol Hill living in this like-new penthouse residence within a boutique, self-managed 8-unit condominium completed in 2023. The home is laid out across two levels plus a private rooftop terrace, creating indoor space that flows into outdoor entertaining and relaxing. The open-concept main living area is filled with natural light and connects to a sleek, modern kitchen.
The residence includes private off-street parking. Condo fee information provided indicates the association covers gas, water/sewer, trash, parking, CAM, Internet/WiFi, and insurance. Built in 2023, the property is described as having been updated with tasteful design upgrades and presented as move-in ready.
Located at 256 15th St SE Unit 7 in Hill East, the home is positioned within walking and biking distance of multiple area destinations, including Potomac Ave and Stadium-Armory Metro stations, Lincoln Park, the Fields at RFK, the Anacostia River Trail, Kingman Island, and Eastern Market. The description also notes easy access to Capitol Complex, 295, 395, and Route 50.
The residence includes private off-street parking. Condo fee information provided indicates the association covers gas, water/sewer, trash, parking, CAM, Internet/WiFi, and insurance. Built in 2023, the property is described as having been updated with tasteful design upgrades and presented as move-in ready.
Located at 256 15th St SE Unit 7 in Hill East, the home is positioned within walking and biking distance of multiple area destinations, including Potomac Ave and Stadium-Armory Metro stations, Lincoln Park, the Fields at RFK, the Anacostia River Trail, Kingman Island, and Eastern Market. The description also notes easy access to Capitol Complex, 295, 395, and Route 50.
Key Highlights
- Boutique, self‑managed condominium with 8 units completed in 2023
- Penthouse residence on two levels plus a private rooftop terrace
- Open‑concept main living area with natural light and a modern kitchen
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $31.80 |
| − Vacancy | −$2.4k | −$1.59 |
| EGI | $45.7k | $30.21 |
| − OpEx | −$20.6k | −$13.59 |
| NOI | $25.1k | $16.62 |
1,513 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.1K
$314.2K – $419.0K
NOI $25,139 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.2K
$681.0K – $908.0K
NOI $54,477 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Like-new penthouse in a boutique, self-managed 8-unit condo with a private rooftop terrace and off-street parking.
Where is this residential income property located?
The property is located at 256 15TH STREET SE Unit 7 Washington, DC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Boutique, self‑managed condominium with 8 units completed in 2023; Penthouse residence on two levels plus a private rooftop terrace; Open‑concept main living area with natural light and a modern kitchen
