Renovated Residential Income
For Sale
$265,000
412 19TH STREET NE Unit 201, Washington, DC 20002
Updated condo in a boutique building with private parking, basement storage, and in-unit laundry.
Property Size507 SF
Days on Market177
Property Features for 412 19TH STREET NE Unit 201
General Information
Standard status
Active
Size
507 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,782
Amenities
in-unit laundry
climate-controlled storage
Building Details
Building Size
507 SF
Year Built
1940
Listing Agency:
Homes By Owner
Listed By:
Lawrence M. Lessin · License #IB98510
(301) 355-6104
Source:
Kwcapitalproperties
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 7 at 3:48PM
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 Homes By Owner
Investment Insights
Based on property information with market context.
This renovated residential income property is a condominium residence in a 10-unit boutique building constructed in 1940. The unit includes hardwood flooring, new paint, large windows, generous cabinet and counter space, and an updated appliance package with a stove, refrigerator, HVAC system, water heater, washer, and dryer. Laundry is located within the unit, and the property includes one off-street parking space plus a climate-controlled basement storage unit.
The Washington, DC property is located near the Fields at RFK, Lincoln Park, and Highway 295. Metro access is approximately half a mile away, combining a residential setting with access to nearby transportation and recreational destinations.
The Washington, DC property is located near the Fields at RFK, Lincoln Park, and Highway 295. Metro access is approximately half a mile away, combining a residential setting with access to nearby transportation and recreational destinations.
Key Highlights
- Fully renovated condominium residence in a 10‑unit boutique building
- New stove, refrigerator, HVAC, water heater, washer, and dryer
- One off‑street parking space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,632
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,640
$172.6K
Cap Rate 7%
$123,314
$123.3K
Cap Rate 9%
$95,911
$95.9K
Market Conditions
NOI Build-Up for 507 SF
Gross rent
$16.7K $33.00/SF
− Vacancy
−$1.0K −$2.05/SF
EGI
$15.7K $30.95/SF
− OpEx
−$7.1K −$13.93/SF
NOI
$8.6K $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%
$172,640
Cap Rate 7%
$123,314
Cap Rate 9%
$95,911
Alternative Uses
Best Use
Apartment 5plus
$123.3K
$107.9K – $143.9K
NOI $8,632 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.8K
$229.1K – $305.4K
NOI $18,324 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
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 - Updated condo in a boutique building with private parking, basement storage, and in-unit laundry.
Where is this residential income property located?
The property is located at 412 19TH STREET NE Unit 201 Washington, DC.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Fully renovated condominium residence in a 10‑unit boutique building; New stove, refrigerator, HVAC, water heater, washer, and dryer; One off‑street parking space included
