Inclusionary Zoning Condominium
For Sale
$285,000
818 KENNEDY STREET NW Unit 6, Washington, DC 20011
An 823-square-foot residence subject to the District’s 80% MFI Inclusionary Zoning program and buyer qualification requirements.
Property Size823 SF
Price / SF$346.29
Days on Market192
Property Features for 818 KENNEDY STREET NW Unit 6
General Information
Standard status
Active
Size
823 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northwest
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,653
Building Details
Building Size
823 SF
Year Built
2022
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Apr 22
Changed: Oct 27
Last Checked: Oct 26 at 3:37PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 823-square-foot condominium unit was built in 2022 and is part of the District of Columbia’s Inclusionary Zoning program. It is designated for households at 80% of Median Family Income and is offered outside the lottery process, on a first-qualified-buyer basis.
A prospective purchaser must hold District IZ certification, have lender pre-approval, and meet the two-person minimum household requirement. The program’s income-restricted unit rules and registration requirements apply.
A prospective purchaser must hold District IZ certification, have lender pre-approval, and meet the two-person minimum household requirement. The program’s income-restricted unit rules and registration requirements apply.
Key Highlights
- 823‑square‑foot condominium unit
- Built in 2022
- District of Columbia Inclusionary Zoning unit designated at 80% MFI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,099
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,980
$262.0K
Cap Rate 7%
$187,129
$187.1K
Cap Rate 9%
$145,544
$145.5K
Market Conditions
NOI Build-Up for 823 SF
Gross rent
$25.3K $30.72/SF
− Vacancy
−$1.5K −$1.78/SF
EGI
$23.8K $28.94/SF
− OpEx
−$10.7K −$13.02/SF
NOI
$13.1K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,980
Cap Rate 7%
$187,129
Cap Rate 9%
$145,544
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,099 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.9K
$371.8K – $495.7K
NOI $29,744 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An 823-square-foot residence subject to the District’s 80% MFI Inclusionary Zoning program and buyer qualification requirements.
Where is this residential income property located?
The property is located at 818 KENNEDY STREET NW Unit 6 Washington, DC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 823‑square‑foot condominium unit; Built in 2022; District of Columbia Inclusionary Zoning unit designated at 80% MFI
