4516 45TH STREET NW
About This Property
The stunning 2018 renovation opened the kitchen and dining area, added windows, updated lighting, created custom storage, and resurfaced hardwood floors. A separate living room features built-ins and new windows, while the foyer includes inset storage and a relocated laundry area for convenience. A unique barn door made from sturdy reclaimed wood can provide optional delineation between the kitchen and dining room.
Step outside to the private backyard oasis with custom deck and patio (2023), dual rain gardens, native and pollinator-friendly landscaping, fruit trees (fig, apple, berries, grape, kiwi), an herb garden, and a dual-sided privacy fence with custom arbor. Enjoy fitness and relaxation at home with the enclosed SwimEx indoor exercise pool that sports upgraded systems including recirculation, ozone, new heater, and more (2019–2023).
Extensive system upgrades include a recent roof and solar energy system (2017), comprehensive energy audit and improvements (2018), a new garage door (2022), sump pumps (2021), and outdoor A/C unit (2023), as well as recent interior repainting and kitchen cabinet refresh (2025). Other thoughtful touches include built-in shelving, custom storage solutions, and eco-conscious rainwater management via barrels, gutters, and downspout redirection.
Meticulously maintained and improved by its owners, this home offers comfort, charm, and sustainability-right in the heart of upper NW DC.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Corcoran McEnearney | $1,600,000 | |
| Listed by Corcoran McEnearney | |||
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017