Residential Income Property with Rooftop
For Sale
$336,900
410 RHODE ISLAND AVENUE NE Unit 414, Washington, DC 20002
Bright urban residence with concierge service, fitness facilities, garage parking, and trail access.
Property Size735 SF
Price / SF$458.37
Days on Market92
Property Features for 410 RHODE ISLAND AVENUE NE Unit 414
General Information
Standard status
Active
Size
735 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
front desk concierge
secure storage lockers
fitness center
garage parking
private rooftop terrace
dog washing station
Metropolitan Branch Trail
Building Details
Year Built
2022
Listing Agency:
Urban Pace Polaris, Inc.
Listed By:
Iman Mohamed Elagazy
(703) 675-3222
Source:
Kwcapitalproperties
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 28 at 1:58PM
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 Urban Pace Polaris, Inc.
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Investment Insights
Based on property information with market context.
Unit 414 at 410 Rhode Island Avenue NE is a 735-square-foot residential income property completed in 2022. The home is designed around efficient use of space and receives natural light. Building amenities include a front desk concierge seven days a week, secure storage lockers, an onsite fitness center, garage parking, and a private rooftop terrace. A dog washing station adds convenience for pet owners.
The property provides direct access to the Metropolitan Branch Trail and is located moments from the Rhode Island Ave Metro stop. Restaurants, markets, and parks are within walking distance, while Bryant Street and Brookland are nearby. The address is in Washington, DC 20002, with connections available through Metro, bicycle infrastructure, and major thoroughfares.
The property provides direct access to the Metropolitan Branch Trail and is located moments from the Rhode Island Ave Metro stop. Restaurants, markets, and parks are within walking distance, while Bryant Street and Brookland are nearby. The address is in Washington, DC 20002, with connections available through Metro, bicycle infrastructure, and major thoroughfares.
Key Highlights
- Approximately 735 sq. ft. unit at 410 Rhode Island Avenue NE, Unit 414
- Completed in 2022
- Private rooftop terrace, onsite fitness center, and secure storage lockers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,513
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,260
$250.3K
Cap Rate 7%
$178,757
$178.8K
Cap Rate 9%
$139,033
$139.0K
Market Conditions
NOI Build-Up for 735 SF
Gross rent
$24.3K $33.00/SF
− Vacancy
−$1.5K −$2.05/SF
EGI
$22.8K $30.95/SF
− OpEx
−$10.2K −$13.93/SF
NOI
$12.5K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,260
Cap Rate 7%
$178,757
Cap Rate 9%
$139,033
Alternative Uses
Best Use
Apartment 5plus
$178.8K
$156.4K – $208.6K
NOI $12,513 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.5K
$332.1K – $442.7K
NOI $26,564 @ 7.0% cap · market cap 7.88%
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
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright urban residence with concierge service, fitness facilities, garage parking, and trail access.
Where is this residential income property located?
The property is located at 410 RHODE ISLAND AVENUE NE Unit 414 Washington, DC.
What is the asking price?
The asking price for this property is $336,900.
What are key features of this property?
This property features: Approximately 735 sq. ft. unit at 410 Rhode Island Avenue NE, Unit 414; Completed in 2022; Private rooftop terrace, onsite fitness center, and secure storage lockers
