Two-Level Residential Income
For Sale
$649,900
4041 7TH STREET NE Unit 1, Washington, DC 20017
Open-concept residence with deeded parking, a finished lower level, and central high-efficiency HVAC.
Property Size1,500 SF
Price / SF$433.27
Days on Market21
Property Features for 4041 7TH STREET NE Unit 1
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 4BR/3.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,446
Amenities
in-unit laundry
central high-efficiency HVAC
Building Details
Building Size
1,500 SF
Year Built
1937
Listing Agency:
Keller Williams Capital Properties
Listed By:
Thomas P Daley · License #AB98373857
(703) 395-4220
Source:
Kerishull
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 5 at 10:19PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This two-level residential income property offers approximately 1,500 square feet with four bedrooms and 3.5 bathrooms. The main floor combines an open living and dining area with a kitchen featuring quartz countertops, continuous custom cabinetry, an island breakfast bar, and stainless steel gas appliances. A main-level bedroom suite includes a private bathroom, while the finished lower level adds three bedrooms and two full tiled bathrooms, including a second primary suite. Full-size in-unit laundry, recessed lighting, storage, hardwood flooring, and central high-efficiency HVAC complete the interior. A separately deeded parking space sits behind the residence near the private rear entrance.
The property is located less than a mile from Brookland-CUA Metro station on the Red Line, Monroe Street Market, Turkey Thicket Recreation Center, neighborhood parks, and local cafes. It is part of a boutique 4-unit building and was built in 1937.
The property is located less than a mile from Brookland-CUA Metro station on the Red Line, Monroe Street Market, Turkey Thicket Recreation Center, neighborhood parks, and local cafes. It is part of a boutique 4-unit building and was built in 1937.
Key Highlights
- Approximately 1,500 square feet with 4 bedrooms and 3.5 bathrooms
- Separately deeded parking space directly behind the unit
- Finished lower level with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,923
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,460
$498.5K
Cap Rate 7%
$356,043
$356.0K
Cap Rate 9%
$276,922
$276.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$47.7K $31.80/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$45.3K $30.21/SF
− OpEx
−$20.4K −$13.59/SF
NOI
$24.9K $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%
$498,460
Cap Rate 7%
$356,043
Cap Rate 9%
$276,922
Alternative Uses
Best Use
Apartment 5plus
$356.0K
$311.5K – $415.4K
NOI $24,923 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$771.6K
$675.1K – $900.2K
NOI $54,009 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept residence with deeded parking, a finished lower level, and central high-efficiency HVAC.
Where is this residential income property located?
The property is located at 4041 7TH STREET NE Unit 1 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: Approximately 1,500 square feet with 4 bedrooms and 3.5 bathrooms; Separately deeded parking space directly behind the unit; Finished lower level with 3 bedrooms and 2 full bathrooms
