Updated-Kitchen
For Sale
$184,900
4408 1ST PLACE NE Unit 33, Washington, DC 20011
A one-bedroom residence features refreshed kitchen and bathroom finishes in Northeast Washington, DC.
Property Size609 SF
Price / SF$303.61
Days on Market128
Property Features for 4408 1ST PLACE NE Unit 33
General Information
Standard status
Active
Size
609 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
$1,621
Building Details
Building Size
609 SF
Year Built
1955
Listing Agency:
D.S.A. Properties & Investments LLC
Listed By:
Deyi S Awadallah · License #0225073879
(703) 501-5252
Source:
Jackrealtygroup
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 26 at 2:50PM
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 D.S.A. Properties & Investments LLC
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Investment Insights
Based on property information with market context.
This 609-square-foot condominium contains one bedroom and one bathroom. Built in 1955, it has an updated kitchen with modern cabinetry, sleek countertops, and appliances, along with a refreshed bathroom.
The residence is in Washington’s Brookland neighborhood, with Rhode Island Avenue Metro Station, local parks, Brookland Arts Walk, and Monroe Street Market identified nearby. Monroe Street Market includes restaurants, cafes, and shops.
The residence is in Washington’s Brookland neighborhood, with Rhode Island Avenue Metro Station, local parks, Brookland Arts Walk, and Monroe Street Market identified nearby. Monroe Street Market includes restaurants, cafes, and shops.
Key Highlights
- 609‑square‑foot condo with one bedroom and one bathroom
- Updated kitchen with modern cabinetry, sleek countertops, and appliances
- Refreshed bathroom finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,693
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,860
$193.9K
Cap Rate 7%
$138,471
$138.5K
Cap Rate 9%
$107,700
$107.7K
Market Conditions
NOI Build-Up for 609 SF
Gross rent
$18.7K $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%
$193,860
Cap Rate 7%
$138,471
Cap Rate 9%
$107,700
Alternative Uses
Best Use
Apartment 5plus
$138.5K
$121.2K – $161.6K
NOI $9,693 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.4K
$275.1K – $366.8K
NOI $22,010 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence features refreshed kitchen and bathroom finishes in Northeast Washington, DC.
Where is this residential income property located?
The property is located at 4408 1ST PLACE NE Unit 33 Washington, DC.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 609‑square‑foot condo with one bedroom and one bathroom; Updated kitchen with modern cabinetry, sleek countertops, and appliances; Refreshed bathroom finishes
