Two-Bedroom Residential Income
For Sale
$450,000
911 12TH STREET NE Unit 2, Washington, DC 20002
Contemporary condominium residence with open living space, in-unit laundry, modern finishes, and deeded off-street parking.
Property Size775 SF
Days on Market54
Property Features for 911 12TH STREET NE Unit 2
General Information
Standard status
Active
Size
775 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Trinidad
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,508
Amenities
in-unit laundry
Building Details
Building Size
775 SF
Year Built
2016
Listing Agency:
Redfin Corp
Listed By:
Valeriia Solodka · License #SP98378432
(202) 431-3412
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 28 at 3:24PM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This residential income property is a condominium residence completed in 2016, offering a two-bedroom, two-bath layout with an open connection between the living and dining areas. The interior combines high ceilings, hardwood flooring, recessed lighting, and substantial natural light. Its kitchen includes upgraded countertops, sleek cabinetry, a tile backsplash, and stainless steel appliances. A walk-in closet serves the primary bedroom, while additional storage and in-unit laundry support daily convenience. A separately deeded off-street parking space is included and positioned directly outside the back door.
The residence is located just off the H Street Corridor, with NoMa and Union Market nearby. Whole Foods and Trader Joes are within close proximity, and Union Market provides dining, specialty retail, and gathering spaces. Union Station, Capital Bikeshare, and the Metropolitan Branch Trail are also accessible from the property.
The residence is located just off the H Street Corridor, with NoMa and Union Market nearby. Whole Foods and Trader Joes are within close proximity, and Union Market provides dining, specialty retail, and gathering spaces. Union Station, Capital Bikeshare, and the Metropolitan Branch Trail are also accessible from the property.
Key Highlights
- Two‑bedroom, two‑bath condominium residence completed in 2016
- Separately deeded off‑street parking space included with the sale
- Open living and dining area with high ceilings and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,194
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,880
$263.9K
Cap Rate 7%
$188,486
$188.5K
Cap Rate 9%
$146,600
$146.6K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$25.6K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$24.0K $30.95/SF
− OpEx
−$10.8K −$13.93/SF
NOI
$13.2K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,880
Cap Rate 7%
$188,486
Cap Rate 9%
$146,600
Alternative Uses
Best Use
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,194 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.1K
$350.1K – $466.8K
NOI $28,009 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,816
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condominium residence with open living space, in-unit laundry, modern finishes, and deeded off-street parking.
Where is this residential income property located?
The property is located at 911 12TH STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium residence completed in 2016; Separately deeded off‑street parking space included with the sale; Open living and dining area with high ceilings and hardwood floors
