Residential Income Property with Open
For Sale
$195,000
4408 1ST PLACE NE Unit 21, Washington, DC 20011
The condominium offers an open living, dining, and kitchen arrangement with natural light from large windows.
Property Size607 SF
Price / SF$321.25
Days on Market94
Property Features for 4408 1ST PLACE NE Unit 21
General Information
Standard status
Active
Size
607 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Pleasant Hill
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,561
Amenities
pet-friendly
Building Details
Building Size
607 SF
Year Built
1955
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 29
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 Jack Realty Group
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 condominium is arranged around an open living, dining, and kitchen area. Large windows bring in natural light, and the kitchen includes generous work surfaces and ample cabinetry. The building dates to 1955 and allows pets.
Fort Totten Metro is nearby, with access to the Red, Green, and Yellow lines. On-street parking is available, and parks, restaurants, coffee shops, and neighborhood businesses are within reach.
Fort Totten Metro is nearby, with access to the Red, Green, and Yellow lines. On-street parking is available, and parks, restaurants, coffee shops, and neighborhood businesses are within reach.
Key Highlights
- Condominium with an open living, dining, and kitchen arrangement
- Large windows and a kitchen with generous counter space and ample cabinetry
- Pet‑friendly building; on‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,661
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,220
$193.2K
Cap Rate 7%
$138,014
$138.0K
Cap Rate 9%
$107,344
$107.3K
Market Conditions
NOI Build-Up for 607 SF
Gross rent
$18.6K $30.72/SF
− Vacancy
−$1.1K −$1.78/SF
EGI
$17.6K $28.94/SF
− OpEx
−$7.9K −$13.02/SF
NOI
$9.7K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,220
Cap Rate 7%
$138,014
Cap Rate 9%
$107,344
Alternative Uses
Best Use
Apartment 5plus
$138.0K
$120.8K – $161.0K
NOI $9,661 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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 condominium offers an open living, dining, and kitchen arrangement with natural light from large windows.
Where is this residential income property located?
The property is located at 4408 1ST PLACE NE Unit 21 Washington, DC.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Condominium with an open living, dining, and kitchen arrangement; Large windows and a kitchen with generous counter space and ample cabinetry; Pet‑friendly building; on‑street parking available
