Apartment Property Near
For Sale
$1,150,000
4023 KANSAS Ave NW, Washington, DC 20011
The first-floor apartment includes rear off-street parking and access to nearby public transportation.
Property Size2,924 SF
Days on Market26
Property Features for 4023 KANSAS Ave NW
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$8,670
Amenities
off-street parking
Building Details
Building Size
2,924 SF
Year Built
1939
Units
4
Listed By:
Martha Fisseha
(202) 437-5844
Source:
Elliman
Added: Sep 24
Changed: Oct 15
Last Checked: Oct 16 at 9:46AM
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 Martha Fisseha
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Investment Insights
Based on property information with market context.
Built in 1939, this residential property at 4023 Kansas Ave NW includes a first-floor apartment and off-street parking at the rear. Nearby shopping, dining, and everyday services serve the surrounding area.
The property is two blocks from the Metro and near the Columbia Heights commercial complex. Walk Score is 93, Bike Score is 83, and Transit Score is 77.
The property is two blocks from the Metro and near the Columbia Heights commercial complex. Walk Score is 93, Bike Score is 83, and Transit Score is 77.
Key Highlights
- First‑floor apartment in a residential income property
- Two blocks from the Metro
- Off‑street parking at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,538
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,760
$930.8K
Cap Rate 7%
$664,829
$664.8K
Cap Rate 9%
$517,089
$517.1K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$89.8K $30.72/SF
− Vacancy
−$5.2K −$1.78/SF
EGI
$84.6K $28.94/SF
− OpEx
−$38.1K −$13.02/SF
NOI
$46.5K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,760
Cap Rate 7%
$664,829
Cap Rate 9%
$517,089
Alternative Uses
Best Use
Apartment 5plus
$664.8K
$581.7K – $775.6K
NOI $46,538 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,677 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,951
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor apartment includes rear off-street parking and access to nearby public transportation.
Where is this residential income property located?
The property is located at 4023 KANSAS Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: First‑floor apartment in a residential income property; Two blocks from the Metro; Off‑street parking at the rear
