Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    642 Columbia Rd Washington, DC 20001

    • Residential income homes
    • 2,652 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US16-0013461
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 642 Columbia Rd

    Year built
    1910
    Lot size
    0.02 lot acres
    Property size
    2,652 SF
    Property type
    Residential income homes
    Property subtype
    Dormitories

    Description

    Exceptional investment opportunity in Washington, DC's vibrant Columbia Heights neighborhood. This meticulously renovated (2018-2019) four-story, semi-detached home at 642 Columbia Rd NW offers 2,652 square feet of living space, spread across two units. Currently generating a strong net operating income (NOI) of $74,906 and a 6.25% cap rate, with 100% occupancy, this property presents a compelling return on investment. The property features five bedrooms and four and a half bathrooms, boasting high-end finishes throughout, including a gourmet kitchen with quartz countertops and stainless steel appliances, Andersen windows, hardwood floors, and marble and ceramic bathrooms. The lower level unit, with separate entrances, zoned heating, a full kitchen, bedroom, bathroom, and laundry, offers significant Airbnb potential. The upper three levels are currently rented as a single unit. An interior door can be removed to combine the units for single-family use. Situated on a 0.02-acre lot, this property is ideally located within walking distance of the Petworth and Columbia Heights metro stations, McMillan Reservoir, and numerous restaurants and shops. This is a 1031 exchange eligible property, priced at $1,199,000 ($599,500 per unit) and built in 1910. The property is currently generating $7,050 in monthly rental income.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0222099
    Latitude
    38.9280416

    Comparable in this City

    • $10,000,000
      0.04 Acres

      Luxury 6-Unit Multifamily Portfolio

      Prime DC Location, High ROI Potential
      448 K St, Washington, DC 20001
      View Details
    • $950,000
      2,072 SF

      Prime DC Storefront Opportunity

      Vacant, flexible zoning, great location.
      505 Florida Ave, Washington, DC 20001
      View Details
    • $1,500,000

      Two-Unit Residential Property

      Two three-bedroom units under conversion in Washington, DC.
      1534 Marion St NW, Washington, DC 20001
      View Details
    • $1,995,000
      4,372 SF

      Adaptable Carriage House in Shaw

      Converted 1899 horse stable with two units in vibrant Shaw.
      1315 Naylor Ct NW, Washington, DC 20001
      View Details
    • $454,950

      Modern Condo in Logan Circle

      Bright, stylish 1-bedroom condo in vibrant Logan Circle.
      1111 11Th St NW, Washington, DC 20001
      View Details
    • New
      $725,000
      1,499 SF

      Renovated Duplex in Prime Location

      Renovated duplex with modern updates, ideal for homeowners or investors.
      1427 New Jersey Ave NW, Washington, DC 20001
      View Details

    Similar Nearby for Sale

    • $10,000,000
      0.04 Acres

      Luxury 6-Unit Multifamily Portfolio

      Prime DC Location, High ROI Potential
      448 K St, Washington, DC 20001
      View Details
    • $10,000,000
      13,552 SF

      Luxury DC Apartment Building

      7-Unit Mixed-Use Investment Opportunity
      444 K St, Washington, DC 20001
      View Details
    • $599,000
      888 SF

      New Construction Boutique Condo

      Luxurious 1BD/1.5BA condo with den and private outdoor space.
      1335 11Th St NW, Washington, DC 20001
      View Details
    • $489,900

      Stylish Condo in Mount Vernon

      Modern 1 bed, 1 bath condo in vibrant neighborhood.
      400 Massachusetts Ave NW, Washington, DC 20001
      View Details
    • $2,000,000

      Renovated Two-Unit Townhouse in DC

      Meticulously renovated two-unit townhouse in the heart of Washington, DC.
      1545 4Th St NW, Washington, DC 20001
      View Details
    • $895,000
      1,159 SF

      Luxurious New Construction Boutique Residence

      New 1.5BD/2BA condo with open living space and outdoor area.
      1335 11Th St NW, Washington, DC 20001
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo
      679 SF

      Sun-Drenched Residence at Chapman Stables

      Upper-level residence with modern features, garage parking, and rooftop access.
      57 N St NW, Washington, DC 20001
      View Details
    • $2,999 /Mo
      1,000 SF

      Renovated Condo in Shaw

      Renovated 2 bed, 2 bath condo in the heart of Shaw.
      209 Morgan St NW, Washington, DC 20001
      View Details
    • $4,800 /Mo
      1,334 SF

      Bloomingdale Penthouse with Private Roof

      Iconic Bloomingdale penthouse with modern updates and private roof deck.
      1812 1St St NW, Washington, DC 20001
      View Details
    • $4,900 /Mo

      Spacious Penthouse in LeDroit Park

      Three-bedroom penthouse with private rooftop terrace in historic neighborhood.
      1844 3Rd St NW, Washington, DC 20001
      View Details
    • $4,495 /Mo

      Top Level Apartment Near U Street

      Sunny 2BR/2BA apartment near U Street Corridor with modern amenities.
      2234 11Th St NW, Washington, DC 20001
      View Details
    • Contact for pricing
      12,993 SF

      Prime DC Retail Space Available

      12,993 SF Retail Space in Washington, DC
      400 Massachusetts Ave, Washington, DC 20001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    642 Columbia Rd
    Washington, DC 20001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.