#DCDC2163770, Tim Barley, Listing office: Barley & Barley Real Estate
Property details
About 1202 P St NW
THE OPPORTUNITY 1202 P Street NW presents a rare opportunity to acquire a meticulously maintained, four-unit apartment building in Logan Circle, one of Washington, DC’s most vibrant and walkable neighborhoods. The building is fully leased and generates strong in-place cash flow with upside potential through strategic rent increases or condo conversion. Each unit is approximately 950 SF, offering spacious layouts ideal for long-term tenants. SIGNIFICANT CAPITAL IMPROVEMENTS Current ownership has invested over $250,000 in renovations, including: • New High-End Front Door • Façade Repointing • New Windows • New Roof • Interior Renovations in All Units Systems upgrades include a new security system and replacement of all HVAC units. These improvements reduce future capex needs and support premium rents. ATTRACTIVE FEATURES The property includes two large 2BR/1BA units, one 1BR/1BA unit, and one garden-level 1BR/1BA unit, providing flexible leasing options for a range of tenant profiles. All units offer modern finishes, in-unit W/D, and efficient floor plans. STRONG IN-PLACE CASH FLOW The property generates annual gross rents of $142,248 ($11,854/month), with relatively low monthly expenses, representing a strong yield at acquisition. In-place rent averages $3.09/SF/month with room for increases based on comps in the submarket. PREMIUM LOGAN CIRCLE LOCATION Located on a quiet residential block in Logan Circle, 1202 P Street NW is walkable to Whole Foods, 14th Street’s retail and restaurant corridor, and Metro. The area is among DC’s most desirable rental locations, offering stability, lifestyle amenities, and long-term value appreciation. High demand for boutique units in this submarket ensures continued low vacancy. LOWER MONTHLY CARRY WITH FHA LEVERAGE Buyers can utilize 95% FHA financing to significantly reduce cash-to-close and monthly debt service. With a 30-year fixed loan, monthly P&I can be as low as $12,600. This allows an owner-occupant to live in one unit with mortgage payments reduced by rents.
Highlights
Home typeOther
HeatingHot Water
StatusActive
(ACTIVE)
(ACTIVE)
Size4,279 sqft
Lot size0.03 Acres
Year built1890
ParkingOn Street
MLS #DCDC2211704
Summary
- Parking: On Street
- Architectural Style: Other
- Heating: Hot Water
- Cooling: None
- List Price: $2,200,000
- Price/SqFt: $514
- Annual Tax Amount: $14,464
- Tax Year: 2023
- Directions: ...
- Year Built: 1890
- Living Area: 4,279 SqFt
- Lot Size: 0.03 Acres
- MLS Number: DCDC2211704
- MLS Name: BRIGHT
- Office Name: Greysteel Company LLC
- Office Phone: (202) 280-2722
- Listing Agent: Ari Firoozabadi
- Agent Phone: (202) 280-2722
- Agent Email: midatlanticmf@greysteel.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/23/2025, 7:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 15, 2017 | Home Sold | $1,750,000 |
| Oct 04, 2007 | Home Sold | $1,175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,703,200 | $14,464 |
| 2022 | $1,690,880 | $14,372 |
| 2021 | $1,603,990 | $13,633 |
| 2020 | $1,570,440 | $13,348 |
| 2019 | $1,532,060 | $13,022 |
| 2018 | $1,480,970 | $12,588 |
| 2017 | $1,428,500 | $12,142 |
History based on county public records data.
Nearby schools
7
Seaton Elementary School
Public District EE-5
0.2 mi
•1503 10th St NW
7
Garrison Elementary School
Public District EE-5
0.3 mi
•1200 S St NW
7
Thomson Elementary School
Public District EE-5
0.4 mi
•1200 L St NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $149,554. Typical income of Washington, DC residents is between $100k-200k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
4%
<35k
25%
35k-100k
39%
100k-200k
32%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
78%
Single, No Kids
4%
Single, with Kids
12%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
3%
12-17 yrs old
42%
18-34 yrs old
44%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Crate & Barrel
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
Alternative- Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1202 P St NW
The listing price of 1202 P St NW property is $2,200,000.
The property 1202 P St NW is a house located in Washington, undefined, 20005.
Active Listing: 1202 P St NW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1202 P St NW are: Seaton Elementary School (GreatSchools Rating 7/10), Garrison Elementary School (GreatSchools Rating 7/10), Thomson Elementary School (GreatSchools Rating 7/10), Center City Public Charter School - Shaw (GreatSchools Rating 4/10), Kipp Dc - Will Academy Public Charter School (GreatSchools Rating 5/10), Meridian Public Charter School (GreatSchools Rating 4/10), Dunbar High School (GreatSchools Rating 4/10), Cardozo Education Campus (GreatSchools Rating 4/10), Benjamin Banneker High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $14,464 (source: MLS/based on county public records data).
The last sale was on December 15, 2017 for $1,750,000 (source: MLS/tax record).
The property at 1202 P St NW has 0 bathroom.
The property 1202 P St NW is 4,279 SqFt (source: MLS/tax record).
The year of construction for 1202 P St NW is 1890.
This home is located at 1202 P St NW in Washington, DC and zip code 20005 in the Northwest neighborhood. This 4,279 square foot home, which was built in 1890, sits on a 0.03 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 21, 2025 and is currently priced at $2,200,000.
The inventory of homes for sale in Washington, DC between May and June 2025 increased by 42.2%. In June 2025 median list price was $626,435 and the average listing age was 83 days.
From Rocket Homes Real Estate and based on county public records data.