1202 P St NW, Washington, DC 20005
UNDER CONTRACT

1202 P St NW
Washington, DC 20005

Logan Circle
  • Studio
  • 4,279 sqft

$2,200,000

$2,200,000

Studio
4,279 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$514
Listed
180+ days ago

Home Details for 1202 P St NW

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Basement
Dimensions and Layout
Living Area: 4279 Square Feet
Appliances & Utilities
Appliances: Gas Water Heater
Heating & Cooling
Heating: Hot Water,Natural GasHas CoolingAir Conditioning: None,OtherHas HeatingHeating Fuel: Hot Water
Fireplace & Spa
Number of Fireplaces: 4Has a Fireplace
Levels, Entrance, & Accessibility
Accessibility: Other
View
No View

Exterior Features

Exterior Home Features
Other Structures: Above Grade, Below GradeFoundation: Brick/MortarNo Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Other

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TownhouseStructure Type: Interior Row/TownhouseArchitecture: Other
Building
Construction Materials: BrickNot a New Construction
Property Information
Parcel Number: 0279//0046

Price & Status

Price
List Price: $2,200,000Price Per Sqft: $514
Status Change & Dates
Possession Timing: Other

Active Status

MLS Status: ACTIVE UNDER CONTRACT

Location

Direction & Address
City: WASHINGTON
School Information
Elementary School District: District Of Columbia Public SchoolsJr High / Middle School District: District Of Columbia Public SchoolsHigh School District: District Of Columbia Public Schools

Agent Information

Listing Agent
Listing ID: DCDC2211704

Building

Building Area
Building Area: 4564 Square Feet

Lot Information

Lot Area: 1388 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Agency

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: DCDC2211704Zillow Contingency Status: Under Contract

Additional Information

Source Internet Entire Listing Display: Y
Last check for updates: about 13 hours ago
Listing courtesy of Ari Firoozabadi, (202) 280-2722
Greysteel Company LLC
Source: Bright MLS, MLS#DCDC2211704
Also Listed on Bright MLS.

Market trends in Washington

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$623K
$8.33KMoM
Sale-to-List Price
98.5%
0.4%MoM
Price per sq ft
$472
$14MoM
Available listings
3118
297MoM

Price History for 1202 P St NW

DatePriceEventSource
01/02/2026$2,200,000ContingentBright MLS #DCDC2211704
10/10/2025$2,200,000PendingBright MLS #DCDC2211704
07/21/2025$2,200,000Listed For SaleBright MLS #DCDC2211704
12/11/2017$1,750,000Sold
N/A
09/07/2017$1,800,000PendingAgent Provided
08/25/2017$1,800,000PendingToActiveAgent Provided
07/26/2017$1,800,000PendingAgent Provided
07/20/2017$1,800,000Listed For SaleAgent Provided
10/04/2007$1,175,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$14,672
Assessment$1,771,520
Home facts updated by county records

Comparable Sales for 1202 P St NW

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1614 15th St NW, Washington, DC
0.38
Multi-Family Home
$1,820,000
03/27/26
6
-
3,470
909 O St NW, Washington, DC
0.21
Multi-Family Home
$1,250,000
02/24/26
5
5
2,896
1510 NW #R, Washington, DC
0.42
Multi-Family Home
$1,395,513
12/30/25
4
-
2,324
84 P St NW, Washington, DC
0.89
Multi-Family Home
$1,650,000
10/31/25
-
4,723
1409 Hopkins St NW, Washington, DC
0.93
Multi-Family Home
$1,900,000
03/18/26
4
-
2,926
1863 California St NW, Washington, DC
1.02
Multi-Family Home
$1,721,211
09/22/25
10
-
4,088
632 Florida Ave NW, Washington, DC
0.58
Multi-Family Home
$952,350
07/25/25
4
-
1,911
221 Morgan St NW, Washington, DC
0.77
Multi-Family Home
$860,000
11/03/25
4
2
2,386

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1202 P St NW.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Logan Circle
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Logan Circle

At least 119 Trulia users voted on each feature.

  • 97 % Say there are sidewalks

  • 96 % Say it's dog friendly

  • 92 % Say it's walkable to restaurants

  • 91 % Say it's walkable to grocery stores

  • 80 % Say people would walk alone at night

  • 78 % Say streets are well-lit

  • 57 % Say there's holiday spirit

  • 54 % Say they plan to stay for at least 5 years

  • 50 % Say yards are well-kept

  • 49 % Say neighbors are friendly

  • 39 % Say it's quiet

  • 33 % Say there are community events

  • 30 % Say parking is easy

  • 28 % Say kids play outside

  • 28 % Say there's wildlife

  • 22 % Say car is needed

Sourced by Trulia users. Learn more about our methodology.
  • Wtnegraves
    "Great bus access and about a 12 min walk to the metro so it’s pretty convenient and very walkable. Many people choose to have a car though and there is ample parking "
    0
    Flag
  • Trulia User
    "Ten minutes on foot. Easy commute to work easy commute, back home lots of interesting people to see, lots of interesting things to do."
    2
    Flag
  • Trulia User
    "I've owned my condo for almost 5 years and I can't say how happy I've been living here. I feel safe walking at all times of the day and late night walking to the numerous restaurants and bars too many to list. "
    1
    Flag
  • Trulia User
    "im just here visiting. However, it looks like a great place to live everything is easily accessible. "
    0
    Flag
  • Trulia User
    "Open spaces for dogs to run..park nearby…neighbors are friendly and the community is very upscale..you can walk down the Hudson River from Weehawken to edgewater. "
    0
    Flag
  • Trulia User
    "Crime increasing quickly in last two years. Restaurants and bars and shops are great. Crowd is feeling more and more like a frat house. "
    0
    Flag
  • Trulia User
    "Dog owners would love the green spaces, circle parks, lots of sidewalks. Please pick up after your dog every time. "
    0
    Flag
  • Jared
    "Great neighborhood for dogs. Plenty of parks and grassy spots. High level of dog ownership. Everyone generally pick up after there pooches. "
    0
    Flag
  • Chris W.
    "It’s a heaven for dog owners. So many green spaces for dogs to free themselves. A dog park is nearby as well."
    1
    Flag
  • Carlos T. D.
    "Safety neighborhood, with a great variety of restaurants, bars, supermarkets, close to Downtown, metro,..."
    2
    Flag
  • Brad S.
    "Lots of dogs and friendly neighbors/businesses make it a great place to have a dog. There are also dog parks on the outskirts of the neighborhood in DuPont and Shaw "
    0
    Flag
  • Chris C.
    "Well traveled areas with people generally walking 24/7. Light and sporadic, more community focused and oriented police presence in the later evenings. I feel safe walking home late at night. "
    0
    Flag
  • Franklyn J. S.
    "Feels close to just about everything. It feels like I’m in the middle of everything while being away from the craziness. Great balance. "
    5
    Flag
  • Eric M.
    "It is optimally located with access to downtown, 14th street, U street, H street, Georgetown, Foggy Bottom, Upper Northwest, Arlington and Bethesda."
    4
    Flag
  • C.bradley.simpson
    "Great urban neighborhood with restaurants, bars, entertainment venues all within walking distance. Historic architecture and within walking distance to DC museums."
    2
    Flag
  • Shaynegill9
    "It’s a fun, vibrant community with a good mix of restaurants and bars as well as clothing and furniture stores."
    1
    Flag
  • Tammy.britt
    "People are constantly walking dogs and playing soccer in the field by the school. Lots of good activity in the neighborhood!"
    0
    Flag
  • Tammy.britt
    "People walk their dogs, ride their bikes and take pride in their neighborhood. Well maintained streets and grounds."
    0
    Flag
  • Ssamadvt
    "Lots of dogs around all the time, and most are very friendly. Multiple dog parks in walking distance."
    0
    Flag
  • Jon S.
    "Lots of green space and parks in the area, including several school playgrounds. People are always walking dogs so that’s a bonus for kids who like them. "
    0
    Flag
  • Grantham Myers
    "fantastically walkable, dozens of great restaurants within blocks, metro a block away, and you're right in the heart of the city!"
    3
    Flag
  • Ivanwray
    "Awesome gym and grocery store within minutes. Can walk to blue, orange, green, red, yellow lines within minutes."
    0
    Flag
  • Mdrebroker
    "Mid-town 14th st is an easy walk to /2 subway stations with different lines, DuPont and McPherson, that way you usually don’t need to transfer."
    1
    Flag
  • Tom D.
    "Farmers markets, street festivals, National fireworks, annual pride parade, sidewalk sales, restaurant sponsored fund raisers "
    0
    Flag
  • Lourdes G.
    "Commutes are super easy. You can walk anywhere Downtown, take the Circulator, the Green Line, or any of the bus lines along K Street."
    0
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  • Lourdes G.
    "I like the new restaurants mixed with neighborhood classics. There's something for every vibe, from chilled to grunge, hipster to high-end."
    0
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  • Lourdes G.
    "The streets aren't the cleanest in some areas of Shaw."
    0
    Flag
  • Jonathan O.
    "It is close to local restaurants, shopping, etc. Friendly neighborhood. Close to library. etc, etc, etc,"
    0
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  • Lauragail s.
    "Lots of Activity in this neighborhood- plenty to do, places to checkout, convenience to downtown and monuments, entertainment and restaurants. I would recommend "
    0
    Flag
  • Dana D.
    "Most commuters to Downtown can walk, ride a bike, or bus. It's easy to get to, and the Metro can take you further out."
    0
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  • Dana D.
    "There's a unique blend of old and new here. We have a vibrant community from all walks of life. There are beautiful parks to relax in. We also have great local coffee shops to fuel your day, charming shops from vintage finds to art galleries, and a wide range of restaurants from authentic Salvadoran to high concept fusion."
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  • Dana D.
    "The schools are a work in progress. Garrison Elementary is building a large new space that may become a hub for the community."
    0
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  • Jaelyn R.
    "It's a very nice commute to and from Shaw."
    0
    Flag
  • Jaelyn R.
    "The art is so unique. And I like the neighborhood cookout we have every year."
    0
    Flag
  • Jaelyn R.
    "It's a good place for kids. There's a library literally two minutes away that's a great place for you and your child to have a good time."
    0
    Flag
  • Paula B.
    "We have an amazing community with vibrant places to eat and enjoy art work."
    0
    Flag
  • Paula B.
    "The community is safe."
    0
    Flag

LGBTQ Local Legal Protections

Ari Firoozabadi, Greysteel Company LLC
Agent Phone: (202) 280-2722
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc. Click here for more information
1202 P St NW, Washington, DC 20005 is a studio, 4,279 sqft multi-family built in 1890. 1202 P St NW is located in Logan Circle, Washington. This property is currently available for sale and was listed by Bright MLS on Jul 21, 2025. The MLS # for this home is MLS# DCDC2211704.