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Map
500 9TH STREET SE
About This Property
Updated and move-in ready. Spanning three levels, the property currently comprises six residential units, including one one-bedroom/one-bath residence, three two-bedroom/one-bath residences, and two two-bedroom/two-bath residences. The property is completely vacant.
Ideally positioned just one block from Barracks Row and two blocks from Eastern Market Metro, the location offers walkable access to Eastern Market, Capitol Hill offices, the Library of Congress, and Pennsylvania Avenue, with downtown and Reagan National Airport only minutes away.
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Sep 9, 2026 | Price Decreased |
$2,500,000
↓ $395K
(13.6%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by TTR Sotheby's International Realty | $2,895,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Mar 19, 2023 | No longer available | - | |
| No longer available | |||
| Feb 7, 2023 | Listed by Compass | $4,500,000 | |
| Listed by Compass | |||
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Own a piece of history! 500 9th St SE was part of DC’s first Naval Hospital, commissioned by President Lincoln and finished by 1866. Truly a rare and unique opportunity to own a vacant, move-in ready building to buy and hold or convert into condos.In total there are 6 units on four levels, consisting of one 1BR/1BA, two 2BR/1BA, and three 2BR/2BA.Superbly located: one block from Barracks Row and two blocks from Eastern Market Metro Station, a short walk to Eastern Market, the Congressional offices, the Library of Congress, Pennsylvania Avenue, and a quick 10-minute drive to Washington Reagan Airport and the new Amazon HQ2.
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| Feb 24, 2022 | No longer available | - | |
| No longer available | |||
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017