Residential Income Property with
For Sale
$575,000
7175 12TH STREET NW Unit 302, Washington, DC 20012
Contemporary condo residence with two bedrooms, a den, defined living and dining areas, and access to shared building amenities.
Property Size1,061 SF
Price / SF$541.94
Days on Market104
Property Features for 7175 12TH STREET NW Unit 302
General Information
Standard status
Active
Size
1,061 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
HOA Fee
$574
Taxes and HOA fees
Annual Taxes
$5,732
Amenities
concierge service
fitness center
co-working spaces
indoor-outdoor gathering areas
pet-friendly
balcony
separate storage unit
Building Details
Building Size
1,061 SF
Year Built
2023
Listing Agency:
Compass
Listed By:
Lindsay C Clark · License #SP98371275
(202) 674-3918
Source:
Kerishull
Added: Jul 7
Changed: Oct 14
Last Checked: Oct 16 at 3:32PM
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 Compass
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Investment Insights
Based on property information with market context.
Unit 302 is a 1,061-square-foot condominium residence completed in 2023, offering two bedrooms, two bathrooms, and a den. The layout includes separate living and dining areas, oversized windows, and a private oversized balcony facing the central courtyard. The kitchen is equipped with flat-panel cabinetry, quartz countertops, Bosch stainless steel appliances, and a herringbone tile backsplash. The primary suite includes a walk-in closet and an en-suite bathroom with porcelain tile and Kohler fixtures. A second bedroom and full bathroom provide additional flexibility.
Building amenities include concierge service, a fitness center, co-working areas, indoor-outdoor gathering spaces, and a separate storage unit. Garage parking is available for rent or purchase. The residence is within The Parks at Walter Reed, where Whole Foods and neighborhood businesses are located, with access to Rock Creek Park and nearby Takoma, Shepherd Park, and Brightwood.
Building amenities include concierge service, a fitness center, co-working areas, indoor-outdoor gathering spaces, and a separate storage unit. Garage parking is available for rent or purchase. The residence is within The Parks at Walter Reed, where Whole Foods and neighborhood businesses are located, with access to Rock Creek Park and nearby Takoma, Shepherd Park, and Brightwood.
Key Highlights
- 1,061 SF condominium residence completed in 2023
- Two bedrooms, two bathrooms, and a den
- Private oversized balcony overlooking the central courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,629
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,580
$352.6K
Cap Rate 7%
$251,843
$251.8K
Cap Rate 9%
$195,878
$195.9K
Market Conditions
NOI Build-Up for 1,061 SF
Gross rent
$33.7K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.1K $30.21/SF
− OpEx
−$14.4K −$13.59/SF
NOI
$17.6K $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%
$352,580
Cap Rate 7%
$251,843
Cap Rate 9%
$195,878
Alternative Uses
Best Use
Apartment 5plus
$251.8K
$220.4K – $293.8K
NOI $17,629 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condo residence with two bedrooms, a den, defined living and dining areas, and access to shared building amenities.
Where is this residential income property located?
The property is located at 7175 12TH STREET NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,061 SF condominium residence completed in 2023; Two bedrooms, two bathrooms, and a den; Private oversized balcony overlooking the central courtyard
