Residential Income Property with Rooftop
For Sale
$649,900
2724 12TH STREET NE Unit 10, Washington, DC 20018
The condominium combines an open living-and-kitchen plan with a balcony and private rooftop outdoor space.
Property Size1,242 SF
Price / SF$524.11
Days on Market8
Property Features for 2724 12TH STREET NE Unit 10
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,022
Amenities
balcony
private rooftop terrace
secure parking
Building Details
Building Size
1,242 SF
Year Built
2016
Listing Agency:
RLAH @properties
Listed By:
Jason C Lallis · License #AB98375681
(202) 702-1822
Source:
Barnesrealestatecompany
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 28 at 6:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2016, this three-bedroom, three-bath condominium offers approximately 1,240 square feet. Its open living and kitchen arrangement connects to a balcony and a private rooftop terrace. Updated flooring and natural light are additional interior features. Secure parking is included.
Key Highlights
- Three bedrooms and three bathrooms
- Approximately 1,240 square feet
- Private rooftop terrace and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,603
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,060
$412.1K
Cap Rate 7%
$294,329
$294.3K
Cap Rate 9%
$228,922
$228.9K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$39.4K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$37.5K $30.21/SF
− OpEx
−$16.9K −$13.59/SF
NOI
$20.6K $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%
$412,060
Cap Rate 7%
$294,329
Cap Rate 9%
$228,922
Alternative Uses
Best Use
Apartment 5plus
$294.3K
$257.5K – $343.4K
NOI $20,603 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.8K
$558.1K – $744.1K
NOI $44,647 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,793
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium combines an open living-and-kitchen plan with a balcony and private rooftop outdoor space.
Where is this residential income property located?
The property is located at 2724 12TH STREET NE Unit 10 Washington, DC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three bedrooms and three bathrooms; Approximately 1,240 square feet; Private rooftop terrace and balcony
