Apartment
For Sale
$895,000
2701 12th St NE, Washington, DC 20018
WalkScore 67 and transitScore 62 indicate somewhat walkable access and good transit nearby.
Property Size2,788 SF
Price / SF$321.02
Days on Market93
Property Features for 2701 12th St NE
General Information
Standard status
Active
Size
2,788 SF
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Building Details
Year Built
1910
Listing Agency:
Marcus & Millichap Real Estate
Listed By:
Lorenzo M Wooten Jr. · License #(S):MD:629911,DC:SP98367898
(202) 536-3742
Source:
Kableteam
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 28 at 11:44AM
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 Marcus & Millichap Real Estate
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Investment Insights
Based on property information with market context.
This apartment building was built in 1910. Availability is listed as for sale.
Area walkability and transit access are supported by WalkScore 67 and transitScore 62, with BikeScore 53 and a somewhat walkable, good transit profile.
For more details, review the offering for the property’s layout, condition, and income or occupancy information.
Area walkability and transit access are supported by WalkScore 67 and transitScore 62, with BikeScore 53 and a somewhat walkable, good transit profile.
For more details, review the offering for the property’s layout, condition, and income or occupancy information.
Key Highlights
- Built in 1910
- WalkScore 67: somewhat walkable
- transitScore 62: good transit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,324
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,480
$926.5K
Cap Rate 7%
$661,771
$661.8K
Cap Rate 9%
$514,711
$514.7K
Market Conditions
NOI Build-Up for 2,788 SF
Gross rent
$88.7K $31.80/SF
− Vacancy
−$4.4K −$1.59/SF
EGI
$84.2K $30.21/SF
− OpEx
−$37.9K −$13.59/SF
NOI
$46.3K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,480
Cap Rate 7%
$661,771
Cap Rate 9%
$514,711
Alternative Uses
Best Use
Apartment 5plus
$661.8K
$579.1K – $772.1K
NOI $46,324 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,384 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - WalkScore 67 and transitScore 62 indicate somewhat walkable access and good transit nearby.
Where is this apartment building located?
The property is located at 2701 12th St NE Washington, DC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Built in 1910; WalkScore 67: somewhat walkable; transitScore 62: good transit
