Redesigned Residential Income
For Sale
$399,900
512 U STREET NW Unit 3, Washington, DC 20001
Two-bedroom unit with a private fenced garden, modern kitchen, and basement storage.
Property Size716 SF
Days on Market22
Property Features for 512 U STREET NW Unit 3
General Information
Standard status
Active
Size
716 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,683
Amenities
private rear garden
private deck
custom closet systems
spa-like bathroom
dedicated basement storage
Building Details
Building Size
716 SF
Year Built
1900
Year Renovated
2023
Listing Agency:
Compass
Listed By:
Phoenix E Wright · License #SP98378555
(202) 997-2467
Source:
Kwcapitalproperties
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 5 at 10:09PM
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 Compass
Investment Insights
Based on property information with market context.
Unit 3 is a 2023-redesigned residential income property within a building constructed in 1900. The two-bedroom residence features an open arrangement, 10-foot ceilings, 8-foot doors, luxury vinyl plank flooring, crown molding, and a shiplap accent wall. The kitchen includes granite countertops, stainless steel appliances, and contemporary fixtures. A glass-enclosed shower and modern vanity serve the bathroom, while custom closet systems add storage to both bedrooms.
Outdoor space includes a private rear garden, deck, and fully fenced green area. Additional features include a new HVAC system, fresh paint, and dedicated basement storage for bicycles and gear. The property is located near the Shaw-Howard and U Street Metro stations, Whole Foods, and The Royal.
Outdoor space includes a private rear garden, deck, and fully fenced green area. Additional features include a new HVAC system, fresh paint, and dedicated basement storage for bicycles and gear. The property is located near the Shaw-Howard and U Street Metro stations, Whole Foods, and The Royal.
Key Highlights
- 2023‑redesigned two‑bedroom Unit 3
- Private rear garden with deck and fully fenced green space
- 10‑foot ceilings and 8‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,897
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,940
$237.9K
Cap Rate 7%
$169,957
$170.0K
Cap Rate 9%
$132,189
$132.2K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$22.8K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.6K $30.21/SF
− OpEx
−$9.7K −$13.59/SF
NOI
$11.9K $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%
$237,940
Cap Rate 7%
$169,957
Cap Rate 9%
$132,189
Alternative Uses
Best Use
Apartment 5plus
$170.0K
$148.7K – $198.3K
NOI $11,897 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.3K
$322.3K – $429.7K
NOI $25,780 @ 7.0% cap · market cap 6.45%
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
3,452
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with a private fenced garden, modern kitchen, and basement storage.
Where is this residential income property located?
The property is located at 512 U STREET NW Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2023‑redesigned two‑bedroom Unit 3; Private rear garden with deck and fully fenced green space; 10‑foot ceilings and 8‑foot doors
