Two-Bedroom Residential Income
For Sale
$414,900
824 TAYLOR STREET NE Unit 1, Washington, DC 20017
A 2023 condominium combines an open layout with contemporary finishes and access to neighborhood amenities and two Metro stations.
Property Size967 SF
Price / SF$429.06
Days on Market51
Property Features for 824 TAYLOR STREET NE Unit 1
General Information
Standard status
Active
Size
967 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Michigan Park
Public Transit
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,400
Building Details
Building Size
967 SF
Year Built
2023
Listing Agency:
Real Broker, LLC - Gaithersburg
Listed By:
Zachariah Saeed Yelton · License #SP40001204
(571) 762-6440
Source:
Jackrealtygroup
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 Real Broker, LLC - Gaithersburg
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Investment Insights
Based on property information with market context.
This 967-square-foot condominium in a residential income property classification was built in 2023 and offers two bedrooms and two full bathrooms. Its open-concept plan connects the living and dining areas with a kitchen appointed with Samsung stainless steel appliances, custom cabinetry, and Calacatta Laza quartz countertops. Hardwood flooring runs throughout, and the primary bedroom has an ensuite bath. The second bedroom and separate full bath provide additional flexibility within the home.
Turkey Thicket Recreation Center is nearby, with an indoor pool, fitness center, tennis and pickleball courts, playground, and splash park. The Brookland-CUA and Fort Totten Metro stations provide access to the Red, Green, and Yellow lines. Nearby destinations include Catholic University, neighborhood parks, local shops, restaurants, and grocery and retail services.
Turkey Thicket Recreation Center is nearby, with an indoor pool, fitness center, tennis and pickleball courts, playground, and splash park. The Brookland-CUA and Fort Totten Metro stations provide access to the Red, Green, and Yellow lines. Nearby destinations include Catholic University, neighborhood parks, local shops, restaurants, and grocery and retail services.
Key Highlights
- 967‑square‑foot condominium with two bedrooms and two full bathrooms
- Built in 2023
- Open‑concept living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,067
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,340
$321.3K
Cap Rate 7%
$229,529
$229.5K
Cap Rate 9%
$178,522
$178.5K
Market Conditions
NOI Build-Up for 967 SF
Gross rent
$30.8K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$29.2K $30.21/SF
− OpEx
−$13.1K −$13.59/SF
NOI
$16.1K $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%
$321,340
Cap Rate 7%
$229,529
Cap Rate 9%
$178,522
Alternative Uses
Best Use
Apartment 5plus
$229.5K
$200.8K – $267.8K
NOI $16,067 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.4K
$435.2K – $580.3K
NOI $34,818 @ 7.0% cap · market cap 8.39%
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
1,248
Businesses Nearby
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Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2023 condominium combines an open layout with contemporary finishes and access to neighborhood amenities and two Metro stations.
Where is this residential income property located?
The property is located at 824 TAYLOR STREET NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: 967‑square‑foot condominium with two bedrooms and two full bathrooms; Built in 2023; Open‑concept living and dining areas
