Modern Two-Bedroom Residential Income
For Sale
$589,900
7175 12TH STREET NW Unit 413, Washington, DC 20012
Corner residence with contemporary finishes, Bosch appliances, and access to shopping, dining, and entertainment.
Property Size1,008 SF
Price / SF$585.22
Days on Market52
Property Features for 7175 12TH STREET NW Unit 413
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Http://Planning.dc.gov/
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,761
Building Details
Building Size
1,008 SF
Year Built
2023
Listing Agency:
Urban Pace Polaris, Inc.
Listed By:
Liza M. Rice · License #SP98376819
(202) 740-1695
Source:
Kerishull
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 28 at 5:13PM
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 Urban Pace Polaris, Inc.
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,008-square-foot corner residence offers a two-bedroom, two-bathroom layout with modern finishes and abundant north- and east-facing natural light. The interior includes a moveable kitchen island, Bosch stainless steel appliances, and a contemporary palette. Garage parking is available for separate purchase.
The home is within The Parks Marketplace, where Whole Foods Market, Starbucks, Jinya, The Charmery, Nail Saloon, Chase, and District Dogs are located. Takoma Park Metro is six blocks away, with multiple bus lines nearby. Rock Creek Park is also accessible by a short walk or bike ride.
The home is within The Parks Marketplace, where Whole Foods Market, Starbucks, Jinya, The Charmery, Nail Saloon, Chase, and District Dogs are located. Takoma Park Metro is six blocks away, with multiple bus lines nearby. Rock Creek Park is also accessible by a short walk or bike ride.
Key Highlights
- 2BR/2BA corner condo with 1,008 SF
- Built in 2023
- Bosch stainless steel appliances and moveable kitchen island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,748
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,960
$335.0K
Cap Rate 7%
$239,257
$239.3K
Cap Rate 9%
$186,089
$186.1K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$32.1K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.5K $30.21/SF
− OpEx
−$13.7K −$13.59/SF
NOI
$16.7K $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%
$334,960
Cap Rate 7%
$239,257
Cap Rate 9%
$186,089
Alternative Uses
Best Use
Apartment 5plus
$239.3K
$209.4K – $279.1K
NOI $16,748 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.5K
$453.7K – $604.9K
NOI $36,294 @ 7.0% cap · market cap 6.15%
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
1,867
Businesses Nearby
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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 - Corner residence with contemporary finishes, Bosch appliances, and access to shopping, dining, and entertainment.
Where is this residential income property located?
The property is located at 7175 12TH STREET NW Unit 413 Washington, DC.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 2BR/2BA corner condo with 1,008 SF; Built in 2023; Bosch stainless steel appliances and moveable kitchen island
