Penthouse Residential Income Property with Roof
For Sale
$749,900
3035 15TH STREET NW Unit 401PH, Washington, DC 20009
Two-bedroom penthouse residence with vaulted ceilings, private outdoor areas, in-unit laundry, and secure garage parking.
Property Size1,178 SF
Price / SF$636.59
Days on Market158
Property Features for 3035 15TH STREET NW Unit 401PH
General Information
Standard status
Active
Size
1,178 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Columbia Heights
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,314
Amenities
balconies
roof deck
in-unit laundry
energy-efficient appliances
sound system
common roof deck
Building Details
Building Size
1,178 SF
Year Built
2016
Listing Agency:
Compass
Listed By:
James Fitzpatrick
(240) 793-4696
Source:
Kerishull
Added: May 25
Changed: Oct 25
Last Checked: Oct 28 at 6:02PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,178 SF penthouse residence at The Apex Condos was built in 2016 and features an open living arrangement connecting the kitchen and family room. The home includes two bedrooms, two bathrooms, a primary suite with a walk-in shower, multiple balconies, and a roof deck. Additional interior features include in-unit laundry, energy-efficient appliances, and a built-in sound system.
Located at 3035 15TH STREET NW in Washington, DC, the property includes a separately deeded secure garage parking spot. Building amenities include an elevator, a shared rooftop deck, and maintained common areas. The address is in the Columbia Heights neighborhood and carries a 20009 ZIP code.
Located at 3035 15TH STREET NW in Washington, DC, the property includes a separately deeded secure garage parking spot. Building amenities include an elevator, a shared rooftop deck, and maintained common areas. The address is in the Columbia Heights neighborhood and carries a 20009 ZIP code.
Key Highlights
- 1,178 SF penthouse residence at The Apex Condos
- Built in 2016 with 10ft+ vaulted ceilings
- Two bedrooms and 2 bathrooms, including a primary suite with walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,924
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,480
$458.5K
Cap Rate 7%
$327,486
$327.5K
Cap Rate 9%
$254,711
$254.7K
Market Conditions
NOI Build-Up for 1,178 SF
Gross rent
$44.2K $37.56/SF
− Vacancy
−$2.6K −$2.18/SF
EGI
$41.7K $35.38/SF
− OpEx
−$18.8K −$15.92/SF
NOI
$22.9K $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%
$458,480
Cap Rate 7%
$327,486
Cap Rate 9%
$254,711
Alternative Uses
Best Use
Apartment 5plus
$327.5K
$286.6K – $382.1K
NOI $22,924 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,585
Businesses Nearby
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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 - Two-bedroom penthouse residence with vaulted ceilings, private outdoor areas, in-unit laundry, and secure garage parking.
Where is this residential income property located?
The property is located at 3035 15TH STREET NW Unit 401PH Washington, DC.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 1,178 SF penthouse residence at The Apex Condos; Built in 2016 with 10ft+ vaulted ceilings; Two bedrooms and 2 bathrooms, including a primary suite with walk‑in shower
