Two-Bedroom Residential Income
For Sale
$499,900
629 4TH STREET NE Unit 1, Washington, DC 20002
Condo residence with a private entrance, open living areas, gas cooking, and in-unit laundry.
Property Size1,000 SF
Days on Market60
Property Features for 629 4TH STREET NE Unit 1
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Ft. Washington
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,806
Amenities
private entrance
gas fireplace
in-unit washer and dryer
pet-friendly
Building Details
Building Size
1,000 SF
Year Built
1909
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Megan Thiel · License #0225205153
(202) 810-2155
Source:
Kwcapitalproperties
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 4:32PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This two-bedroom, 1.5-bath condominium occupies Unit 1 within a three-unit building constructed in 1909. The home offers an open arrangement connecting the living and dining areas, along with a kitchen equipped for gas cooking, ample counter space, and bar seating. A gas fireplace adds a defined feature to the interior, while both bedrooms provide storage. An in-unit washer and dryer and additional closet space complete the residence. The property also has its own private entrance and is identified as pet-friendly.
Located at 629 4th Street NE in Washington, DC, the home is near the H Street Corridor, Whole Foods, Union Market, Union Station, Stanton Park, and Eastern Market. The 1,000-square-foot condominium combines a residential layout with access to dining, retail, transit, and neighborhood destinations.
Located at 629 4th Street NE in Washington, DC, the home is near the H Street Corridor, Whole Foods, Union Market, Union Station, Stanton Park, and Eastern Market. The 1,000-square-foot condominium combines a residential layout with access to dining, retail, transit, and neighborhood destinations.
Key Highlights
- Two‑bedroom, 1.5‑bath condominium in a three‑unit building
- 1,000 SF residence at 629 4th Street NE, Washington, DC 20002
- Private entrance for Unit 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,025
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,500
$340.5K
Cap Rate 7%
$243,214
$243.2K
Cap Rate 9%
$189,167
$189.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$33.0K $33.00/SF
− Vacancy
−$2.0K −$2.05/SF
EGI
$31.0K $30.95/SF
− OpEx
−$13.9K −$13.93/SF
NOI
$17.0K $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%
$340,500
Cap Rate 7%
$243,214
Cap Rate 9%
$189,167
Alternative Uses
Best Use
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,025 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.3K
$451.8K – $602.4K
NOI $36,141 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,707
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo residence with a private entrance, open living areas, gas cooking, and in-unit laundry.
Where is this residential income property located?
The property is located at 629 4TH STREET NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath condominium in a three‑unit building; 1,000 SF residence at 629 4th Street NE, Washington, DC 20002; Private entrance for Unit 1
