Historic Corner Residential
For Sale
$300,000
3060 16TH STREET NW Unit 102, Washington, DC 20009
A one-bedroom residence with arched windows, hardwood floors, and access to elevator service and on-site laundry.
Property Size570 SF
Price / SF$526.32
Days on Market114
Property Features for 3060 16TH STREET NW Unit 102
General Information
Standard status
Active
Size
570 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$53,712
Amenities
secure entry
on-site laundry
professional management
Building Details
Building Size
570 SF
Year Built
1922
Construction
Beaux-Arts
Listing Agency:
Serhant
Listed By:
Anna D Mackler · License #SP98577209
(202) 460-8786
Source:
Districtpropertygroup
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 26 at 4:06PM
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 Serhant
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Investment Insights
Based on property information with market context.
This 570-square-foot corner residence sits in a 1922 apartment building. The one-bedroom layout includes a living room, kitchen with granite counters and gas cooking, and a bathroom with black-and-white tile. Hardwood flooring, original wood trim, and arched windows are among the unit’s architectural details. The building provides secure entry, elevator service, on-site laundry, and managed common areas.
The property is in Mount Pleasant, near Meridian Hill Park, Rock Creek Park, and the National Zoo. Mount Pleasant Street’s shops and dining are nearby, as are Columbia Heights Metro, Giant, Target, and Adams Morgan. The listing reports a 99 Walk Score.
The property is in Mount Pleasant, near Meridian Hill Park, Rock Creek Park, and the National Zoo. Mount Pleasant Street’s shops and dining are nearby, as are Columbia Heights Metro, Giant, Target, and Adams Morgan. The listing reports a 99 Walk Score.
Key Highlights
- 570 SF corner residence with oversized windows on multiple exposures
- One bedroom; kitchen has granite counters, cabinetry, and gas cooking
- Hardwood floors, original wood trim, and arched windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,092
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,840
$221.8K
Cap Rate 7%
$158,457
$158.5K
Cap Rate 9%
$123,244
$123.2K
Market Conditions
NOI Build-Up for 570 SF
Gross rent
$21.4K $37.56/SF
− Vacancy
−$1.2K −$2.18/SF
EGI
$20.2K $35.38/SF
− OpEx
−$9.1K −$15.92/SF
NOI
$11.1K $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%
$221,840
Cap Rate 7%
$158,457
Cap Rate 9%
$123,244
Alternative Uses
Best Use
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,092 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.2K
$256.5K – $342.1K
NOI $20,523 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,192
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
Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence with arched windows, hardwood floors, and access to elevator service and on-site laundry.
Where is this residential income property located?
The property is located at 3060 16TH STREET NW Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 570 SF corner residence with oversized windows on multiple exposures; One bedroom; kitchen has granite counters, cabinetry, and gas cooking; Hardwood floors, original wood trim, and arched windows
