Residential Income Property in Four-Unit
For Sale
$329,950
4016 47TH NW Unit 1, Washington, DC 20016
The first-floor residence includes in-unit laundry and access to a shared landscaped backyard.
Property Size686 SF
Price / SF$480.98
Days on Market57
Property Features for 4016 47TH NW Unit 1
General Information
Standard status
Active
Size
686 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,074
Amenities
in-unit washer/dryer
shared backyard
pet-friendly
Building Details
Building Size
686 SF
Year Built
1936
Buildings
1
Listing Agency:
NextHome Envision
Listed By:
John M Boland
(301) 767-5356
Source:
Canopy-re
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 2:52PM
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 NextHome Envision
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Investment Insights
Based on property information with market context.
This two-bedroom, first-floor condominium is part of a four-unit building constructed in 1936. Hardwood flooring runs throughout, and the unit has an in-unit washer and dryer. Residents share a landscaped backyard, with entry available from both the front and rear of the building.
Updates include a boiler, chimney liners, and hot water heater installed in 2023, plus a kitchen sink and garbage disposal added in 2024. A replacement range is scheduled for installation by mid-September 2026.
Compass Coffee, Wagshals, and Millie’s are roughly a half mile away. Tenleytown-AU Metro is a little over a half mile from the property.
Updates include a boiler, chimney liners, and hot water heater installed in 2023, plus a kitchen sink and garbage disposal added in 2024. A replacement range is scheduled for installation by mid-September 2026.
Compass Coffee, Wagshals, and Millie’s are roughly a half mile away. Tenleytown-AU Metro is a little over a half mile from the property.
Key Highlights
- Two‑bedroom, first‑floor condominium in a four‑unit building
- Building constructed in 1936
- In‑unit washer and dryer; shared landscaped backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,398
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,960
$228.0K
Cap Rate 7%
$162,829
$162.8K
Cap Rate 9%
$126,644
$126.6K
Market Conditions
NOI Build-Up for 686 SF
Gross rent
$21.8K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.7K $30.21/SF
− OpEx
−$9.3K −$13.59/SF
NOI
$11.4K $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%
$227,960
Cap Rate 7%
$162,829
Cap Rate 9%
$126,644
Alternative Uses
Best Use
Apartment 5plus
$162.8K
$142.5K – $190.0K
NOI $11,398 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.9K
$308.8K – $411.7K
NOI $24,700 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
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Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor residence includes in-unit laundry and access to a shared landscaped backyard.
Where is this residential income property located?
The property is located at 4016 47TH NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $329,950.
What are key features of this property?
This property features: Two‑bedroom, first‑floor condominium in a four‑unit building; Building constructed in 1936; In‑unit washer and dryer; shared landscaped backyard
