Residential Condo with Shared
New
For Sale
$325,000
513 12TH STREET NE Unit 3, Washington, DC 20002
The unit pairs wood-look flooring and wall-mounted air conditioning with access to shared laundry, garden space, and secure storage.
Property Size663 SF
Days on Market6
Property Features for 513 12TH STREET NE Unit 3
General Information
Standard status
Active
Size
663 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Near Southeast
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,036
Amenities
shared garden
secure storage
shared laundry
Building Details
Building Size
663 SF
Year Built
1963
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Kwcapitalproperties
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:36PM
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 EXP Realty, LLC
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 two-bedroom, one-bathroom condominium has a living and dining area, a kitchen with white cabinetry and a breakfast bar, and a full bathroom. Both bedrooms have ceiling fans. Three wall-mounted air-conditioning units and wood-look flooring are among the interior features. The building, completed in 1963, provides shared laundry on the floor below, a communal garden with lawn and picnic table, and secure storage for bicycles and seasonal items. Street parking is available.
The property is in Capitol Hill, near H Street NE, Stanton Park, Lincoln Park, restaurants, shops, and entertainment. Maryland Avenue, Massachusetts Avenue, and Benning Road offer routes through the city; the U Street Corridor is also accessible by a short ride. The condominium has no rental or pet restrictions.
The property is in Capitol Hill, near H Street NE, Stanton Park, Lincoln Park, restaurants, shops, and entertainment. Maryland Avenue, Massachusetts Avenue, and Benning Road offer routes through the city; the U Street Corridor is also accessible by a short ride. The condominium has no rental or pet restrictions.
Key Highlights
- Two bedrooms and one bathroom
- Three wall‑mounted air‑conditioning units
- Shared laundry room equipped with washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,287
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,740
$225.7K
Cap Rate 7%
$161,243
$161.2K
Cap Rate 9%
$125,411
$125.4K
Market Conditions
NOI Build-Up for 663 SF
Gross rent
$21.9K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$20.5K $30.95/SF
− OpEx
−$9.2K −$13.93/SF
NOI
$11.3K $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%
$225,740
Cap Rate 7%
$161,243
Cap Rate 9%
$125,411
Alternative Uses
Best Use
Apartment 5plus
$161.2K
$141.1K – $188.1K
NOI $11,287 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 7.37%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,987
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
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 unit pairs wood-look flooring and wall-mounted air conditioning with access to shared laundry, garden space, and secure storage.
Where is this residential income property located?
The property is located at 513 12TH STREET NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Three wall‑mounted air‑conditioning units; Shared laundry room equipped with washers and dryers
