Renovated Residential Income
For Sale
$389,900
426 18TH NE Unit 3, Washington, DC 20002
Updated condominium residence with private outdoor space, assigned parking, and a dedicated laundry closet.
Property Size697 SF
Days on Market22
Property Features for 426 18TH NE Unit 3
General Information
Standard status
Active
Size
697 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,250
Building Details
Building Size
697 SF
Year Built
1937
Listing Agency:
DMV Prime Properties
Listed By:
Donnell Williams Jr. · License #629786,PersonLicenseNumber
(301) 363-7946
Source:
Kwcapitalproperties
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 5 at 11:41PM
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 DMV Prime Properties
Investment Insights
Based on property information with market context.
This 697-square-foot residential income property is a 2BR/2BA condominium in a 1937 building. The residence received a full renovation in 2016, adding white shaker cabinetry, stainless steel appliances, stone countertops, dark hardwood flooring, recessed lighting, and fully tiled bathrooms. A side-by-side washer and dryer are located in a separate laundry closet.
The property includes a private rear deck that overlooks a fenced common green space, along with one assigned parking space. The monthly condo fee covers exterior maintenance and common grounds. The address is in Northeast Washington, DC, within the Rosedale/Kingman Park corridor and near H Street Corridor, Capitol Hill, NoMa, and the RFK Stadium campus.
The property includes a private rear deck that overlooks a fenced common green space, along with one assigned parking space. The monthly condo fee covers exterior maintenance and common grounds. The address is in Northeast Washington, DC, within the Rosedale/Kingman Park corridor and near H Street Corridor, Capitol Hill, NoMa, and the RFK Stadium campus.
Key Highlights
- 697‑square‑foot 2BR/2BA condominium
- Full renovation completed in 2016
- Private rear deck overlooking fenced common green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,866
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,320
$237.3K
Cap Rate 7%
$169,514
$169.5K
Cap Rate 9%
$131,844
$131.8K
Market Conditions
NOI Build-Up for 697 SF
Gross rent
$23.0K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$21.6K $30.95/SF
− OpEx
−$9.7K −$13.93/SF
NOI
$11.9K $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%
$237,320
Cap Rate 7%
$169,514
Cap Rate 9%
$131,844
Alternative Uses
Best Use
Apartment 5plus
$169.5K
$148.3K – $197.8K
NOI $11,866 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.9K
$314.9K – $419.8K
NOI $25,190 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,432
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 condominium residence with private outdoor space, assigned parking, and a dedicated laundry closet.
Where is this residential income property located?
The property is located at 426 18TH NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 697‑square‑foot 2BR/2BA condominium; Full renovation completed in 2016; Private rear deck overlooking fenced common green space
