Corner Residential Income
For Sale
$650,000
915 ELDER STREET NW Unit C, Washington, DC 20012
Upper-level corner residence with a private roof deck, reserved parking, and direct access to nearby retail and dining.
Property Size1,807 SF
Price / SF$359.71
Days on Market22
Property Features for 915 ELDER STREET NW Unit C
General Information
Standard status
Active
Size
1,807 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,783
Amenities
private roof deck
bike storage
laundry
Building Details
Building Size
1,807 SF
Year Built
2018
Listing Agency:
Compass
Listed By:
Brenda J Mejia · License #SP98378797
(202) 746-2714
Source:
Kerishull
Added: Sep 15
Changed: Oct 3
Last Checked: Oct 5 at 10:12PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 2018, this corner residential income property occupies the upper levels and is reached by a private staircase. The main floor combines kitchen, dining, and living areas with a pantry, oversized island, tall cabinetry, half bath, and storage closet. The bedroom level adds walk-in closets and laundry, while a private roof deck provides open exposure on three sides and views toward downtown.
The property is located across from The Parks at Walter Reed in Takoma, DC, with Whole Foods Market, Starbucks, Slice & Pie, Juneberry Garage, and other retail and dining options nearby. Takoma Metro station is less than a mile away. The property also includes bike storage and a reserved parking space.
The property is located across from The Parks at Walter Reed in Takoma, DC, with Whole Foods Market, Starbucks, Slice & Pie, Juneberry Garage, and other retail and dining options nearby. Takoma Metro station is less than a mile away. The property also includes bike storage and a reserved parking space.
Key Highlights
- 2018 construction with upper‑level corner‑unit configuration
- Private roof deck open on three sides with downtown views
- Kitchen includes pantry, oversized island, and extra‑tall cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,024
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,480
$600.5K
Cap Rate 7%
$428,914
$428.9K
Cap Rate 9%
$333,600
$333.6K
Market Conditions
NOI Build-Up for 1,807 SF
Gross rent
$57.5K $31.80/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$54.6K $30.21/SF
− OpEx
−$24.6K −$13.59/SF
NOI
$30.0K $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%
$600,480
Cap Rate 7%
$428,914
Cap Rate 9%
$333,600
Alternative Uses
Best Use
Apartment 5plus
$428.9K
$375.3K – $500.4K
NOI $30,024 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,062 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level corner residence with a private roof deck, reserved parking, and direct access to nearby retail and dining.
Where is this residential income property located?
The property is located at 915 ELDER STREET NW Unit C Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2018 construction with upper‑level corner‑unit configuration; Private roof deck open on three sides with downtown views; Kitchen includes pantry, oversized island, and extra‑tall cabinetry
