Three-Level Residential Income
For Sale
$1,075,000
428 WARNER STREET NW Unit 2, Washington, DC 20001
The residence includes three bedrooms, three bathrooms, and private rooftop access.
Property Size1,850 SF
Days on Market14
Property Features for 428 WARNER STREET NW Unit 2
General Information
Standard status
Active
Size
1,850 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,866
Amenities
private rooftop
Building Details
Building Size
1,850 SF
Year Built
1900
Listing Agency:
Bajwa Commercial Real Estate
Listed By:
Nasir A Bajwa
(202) 758-5200
Source:
Kwcapitalproperties
Added: Oct 5
Changed: Oct 17
Last Checked: Oct 16 at 4:35PM
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 Bajwa Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-level residential property has more than 2,000 square feet of living space, with three bedrooms and three bathrooms. The main floor combines a living room, kitchen, bedroom, and full bathroom. Upper floors contain two additional bedrooms, including a primary suite, and spa-style bathrooms. The kitchen features quartz countertops and soft-close cabinetry, while quartz and porcelain tile are used throughout. Ceilings exceed 9 feet, and the property includes private rooftop access and a private garage space.
The property is minutes from Logan Circle, O Street Market, the Metro, and the 14th Street Corridor. Built in 1900.
The property is minutes from Logan Circle, O Street Market, the Metro, and the 14th Street Corridor. Built in 1900.
Key Highlights
- Three‑level layout with more than 2,000 square feet of living space
- Three bedrooms and three bathrooms
- Private rooftop with city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,739
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,780
$614.8K
Cap Rate 7%
$439,129
$439.1K
Cap Rate 9%
$341,544
$341.5K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$58.8K $31.80/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$55.9K $30.21/SF
− OpEx
−$25.1K −$13.59/SF
NOI
$30.7K $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%
$614,780
Cap Rate 7%
$439,129
Cap Rate 9%
$341,544
Alternative Uses
Best Use
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,739 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.6K
$832.6K – $1.11M
NOI $66,611 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes three bedrooms, three bathrooms, and private rooftop access.
Where is this residential income property located?
The property is located at 428 WARNER STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Three‑level layout with more than 2,000 square feet of living space; Three bedrooms and three bathrooms; Private rooftop with city views
