330 20Th St Washington, DC 20002
- Commercial real estate
- 1,300 SF
Current Use by Public Records
- Commercial real estate
Property Details for 330 20Th St
- Year built
- 1941
- Property size
- 1,300 SF
- Property type
- Commercial real estate
Description
This well-maintained, two-unit apartment building in Washington, DC's Capitol Hill neighborhood presents a compelling investment opportunity. Built in 1941 and extensively renovated in 2018, the property boasts 1,300 square feet of net rentable space across two units, currently enjoying 100% occupancy since October 1, 2023. Each unit features in-unit laundry, updated kitchens (one classic, one upgraded), and refinished hardwood floors. The building benefits from efficient radiator heating and newer double-pane windows. Situated on a 1,910 square foot lot, the property offers private outdoor space and potential for parking. The asking price is $735,000, representing a price per square foot of $565.38 and a price per unit of $367,500. The current NOI is $35,982, yielding a 4.90% cap rate, with a pro-forma NOI of $38,400 and a pro-forma cap rate of 5.22%. The property is zoned RF-1 and is conveniently located within the Maury Elementary School boundary, offering easy access to public transportation, including the Metro and trolley. Nearby amenities include Langston Golf Course, Lincoln Park, the Fields at RFK Stadium, and numerous bike trails. This fee-simple ownership opportunity provides a lucrative long-term investment with excellent cash flow and asset diversification potential. A Certificate of Occupancy is available, and utilities are separately metered.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- District of Columbia
- Longitude
- -76.976223686289
- Latitude
- 38.894280724369
