Triplex Residential Income Property with Rooftop
For Sale
$949,000
774 GIRARD STREET NW Unit 6W, Washington, DC 20001
Modern three-level residence with flexible den space, designer finishes, private outdoor space, and city views.
Property Size1,638 SF
Days on Market89
Property Features for 774 GIRARD STREET NW Unit 6W
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,737
Amenities
private rooftop deck
in-unit laundry
marble counters
gas range
stainless steel appliances
Italian white oak floors
exposed beams
factory-style windows
Building Details
Building Size
1,638 SF
Year Built
2016
Listing Agency:
RE/MAX Allegiance
Listed By:
Aerica Kennedy · License #SP98368924
(202) 329-6632
Source:
Barnesrealestatecompany
Added: Jul 23
Changed: Oct 17
Last Checked: Oct 16 at 2:26PM
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 RE/MAX Allegiance
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Investment Insights
Based on property information with market context.
This three-level residential income property features two bedrooms, two baths, and a flexible den that can serve as an office, guest room, or library. The main level uses an open layout for living, dining, and kitchen functions, with exposed beams, oversized factory-style windows, marble countertops, a gas range, stainless steel appliances, industrial shelving, and Italian white oak flooring. In-unit laundry is included, while the primary suite offers custom closets and a private bath with a double vanity and glass walk-in shower.
A private rooftop deck provides south-facing outdoor space and views toward the Washington Monument. The property is part of a 2016 conversion containing fifteen residences at a designated DC landmark. Park View dining, Columbia Heights retail, and Metro access are all described as a short walk away.
A private rooftop deck provides south-facing outdoor space and views toward the Washington Monument. The property is part of a 2016 conversion containing fifteen residences at a designated DC landmark. Park View dining, Columbia Heights retail, and Metro access are all described as a short walk away.
Key Highlights
- Three‑level layout with two bedrooms, two baths, and a dedicated den
- Private south‑facing rooftop deck with Washington Monument views
- Open living, dining, and kitchen arrangement with exposed beams and factory‑style windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,216
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,320
$544.3K
Cap Rate 7%
$388,800
$388.8K
Cap Rate 9%
$302,400
$302.4K
Market Conditions
NOI Build-Up for 1,638 SF
Gross rent
$52.1K $31.80/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$49.5K $30.21/SF
− OpEx
−$22.3K −$13.59/SF
NOI
$27.2K $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%
$544,320
Cap Rate 7%
$388,800
Cap Rate 9%
$302,400
Alternative Uses
Best Use
Apartment 5plus
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.5K
$737.2K – $983.0K
NOI $58,977 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,266
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 - Modern three-level residence with flexible den space, designer finishes, private outdoor space, and city views.
Where is this residential income property located?
The property is located at 774 GIRARD STREET NW Unit 6W Washington, DC.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑level layout with two bedrooms, two baths, and a dedicated den; Private south‑facing rooftop deck with Washington Monument views; Open living, dining, and kitchen arrangement with exposed beams and factory‑style windows
