Residential Income Property with Rooftop
For Sale
$549,000
915 12TH STREET NE Unit 1, Washington, DC 20002
Two-bedroom condominium with a private entrance, front patio, and access to shared rooftop amenities.
Property Size1,048 SF
Price / SF$523.85
Days on Market54
Property Features for 915 12TH STREET NE Unit 1
General Information
Standard status
Active
Size
1,048 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,675
Amenities
rooftop deck
Building Details
Building Size
1,048 SF
Year Built
2016
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Jennifer Tugberk · License #SP200203141
(301) 502-4436
Source:
Kerishull
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 5 at 9:55PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 2016 condominium includes two bedrooms and two bathrooms, with hardwood flooring, oversized windows, and strong natural light. The kitchen is equipped with a waterfall countertop, bar seating, custom backsplash, stainless steel Frigidaire Professional appliances, and a gas range. It connects directly with the living and dining areas. Both bedrooms have ensuite bathrooms, closet space, and blackout shades. A ground-level entrance, front patio, and separate mudroom or storage area add practical functionality.
The property is one block from the H Street Corridor, with nearby restaurants, nightlife, and shopping. Transportation options include the DC Streetcar, X1 and X2 bus routes, Capital Bikeshare, and access to the NoMa and Union Station Metro stations. Building amenities include a rooftop deck with seating, a gas grill, and views of the Capitol and Washington Monument. An off-street parking space is available for an additional fee.
The property is one block from the H Street Corridor, with nearby restaurants, nightlife, and shopping. Transportation options include the DC Streetcar, X1 and X2 bus routes, Capital Bikeshare, and access to the NoMa and Union Station Metro stations. Building amenities include a rooftop deck with seating, a gas grill, and views of the Capitol and Washington Monument. An off-street parking space is available for an additional fee.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 2016
- Kitchen with waterfall countertop, bar seating, custom backsplash, and gas range
- Private ground‑level entrance with front patio and separate mudroom/storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,842
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,840
$356.8K
Cap Rate 7%
$254,886
$254.9K
Cap Rate 9%
$198,244
$198.2K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$34.6K $33.00/SF
− Vacancy
−$2.1K −$2.05/SF
EGI
$32.4K $30.95/SF
− OpEx
−$14.6K −$13.93/SF
NOI
$17.8K $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%
$356,840
Cap Rate 7%
$254,886
Cap Rate 9%
$198,244
Alternative Uses
Best Use
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,842 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.1K
$473.5K – $631.3K
NOI $37,876 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
20,366
Businesses Nearby
Explore this area
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 - Two-bedroom condominium with a private entrance, front patio, and access to shared rooftop amenities.
Where is this residential income property located?
The property is located at 915 12TH STREET NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 2016; Kitchen with waterfall countertop, bar seating, custom backsplash, and gas range; Private ground‑level entrance with front patio and separate mudroom/storage area
