1500 Oates St NE
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1500 Oates St NE
3 Unit Apartment Building $900,000 ($300,000/Unit) 7.38% Cap Rate Washington, DC 20002
Investment Highlights
- The entire Top Floor units of this building were combined into 1 double sized unit. All 3 units are separately metered (except for water).
- This Building has been well maintained over the years and has a well manicured lawn. Drive by and see for yourself!
- Each unit has a Recreation room in the back, Washer & Dryer, Central Air and Radiator Heat. Front Door is secured at all times!
- Just a short distance from H St and the Atlas District. Quick routes to New Your Ave or Downtown DC.
Executive Summary
Great Acquisition for an Owner Occupant (Double Sized, Full Upstairs is the Owner's Suite. 1 Br & 2 Br on the 1st floor with dens in all units.
Central Air, Gas Hot water heat (Radiators), well maintained inside and outside. This Building has Upgraded windows, covered off-street parking and a well manicured lawn.
All 3 units are separately metered (except for water).
Just a short distance from H St and the Atlas District. Quick routes to New Your Ave or Downtown DC.
Quick commute to DC colleges and Downtown Fun!
Central Air, Gas Hot water heat (Radiators), well maintained inside and outside. This Building has Upgraded windows, covered off-street parking and a well manicured lawn.
All 3 units are separately metered (except for water).
Just a short distance from H St and the Atlas District. Quick routes to New Your Ave or Downtown DC.
Quick commute to DC colleges and Downtown Fun!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $900,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,847 SF |
| Cap Rate | 7.38% | Average Occupancy | 66% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1938/1980 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Apartment Style | Low Rise |
| Price | $900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.38% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 5,847 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1938/1980 |
| Parking Ratio | 0.34/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Yard
- Breakfast Nook
- Lawn
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+2 | 3 | - | - |
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 4075-0171 | Improvements Assessment | $338,580 |
| Land Assessment | $484,240 | Total Assessment | $822,820 |
PROPERTY TAXES
Parcel Number
4075-0171
Land Assessment
$484,240
Improvements Assessment
$338,580
Total Assessment
$822,820
zoning
| Zoning Code | RF-1 (To designate areas where row houses are the primary development, and each property has no more than two dwelling units.) |
| RF-1 (To designate areas where row houses are the primary development, and each property has no more than two dwelling units.) |
-
Lorence Ottley -
Sellstate Dominion Realty
(800) 895-7653
x100
1 of 49
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1500 Oates St NE
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