Wed. Afternoon Rental Option – Shaw

1826 9th Street Northwest

This rental is located at 1826 9th Street, Northwest. The listing says:


Unfortunately only one photo of the interior but it’s a good one.

This 2 bed/2.5 bath is going for $2,800/Mo.

13 Comment

  • nightborn

    seems too good to be true… what’s the catch?

  • All of you who argued that yesterday’s GDoN was underpriced, this is exhibit A why you’re wrong.

    • Yup. There’s quite a bit of these types of places around the eastern end of U Street/northern Shaw. Not everything is ridiculously overpriced. Like I said yesterday, the building I just moved out of two months ago has 2BR, 2.5BA duplex lofts just off U Street for $3100. One went on the rental market last week (though, probably already rented).

      • After my last housing search [almost exactly 18 months ago], which culminated in me and my roommate getting a very good deal, I came to realize that the market wasn’t nearly as crazy as everyone seems to think it is–it’s just that lots of people overpay for their apartments.

        • I came to the same conclusion after my own search … but that search lasted six months and had a lot of highs and lows. Mostly lows. I can completely understand why some people might not bargain hunt. Some people may not have the luxury of the time it takes to find a good deal, or may just decide to give up after losing out on a place (or several) that they like.

          FWIW, I don’t think there are many bargains to be had on Craigslist/MRIS listings, even you you spend a lot of time stalking them for new postings. I got two good apartment deals in DC. The first came from walking into buildings in the neighborhood I liked and asking what availability I had. It was dumb luck that one building was rent controlled and there was a vacancy. The second I found by going to see a place I liked but couldn’t afford; the rental group had another vacancy that was cheaper (and better).

          • My search wasn’t quite so long, but certainly featured its share of lows (including legal action against a fraudster landlord who never intended to honor the lease agreement we signed). I found my place on Craigslist, actually, though most of my friends who have good deals found them through sources more similar to yours.

    • +1 this seems fair

    • It’s impossible to make such a qed statement with any real credibility. You are comparing only location. What about size of rooms, condition, etc. This one has a point in its favor for Metrorail accessibility, the other for the view. The one in Bloomingdale is wrong for you and your priorities, but objectively inferior to this place? Not enough information. I personally do not like this stretch of 9th street – I’m not going to get so personally invested in it that I’ll spend multiple days trashing it. But please, carry on with your scorched earth disquisition style; it’s not the least bit off-putting.

      • It’s a quiet week in the office, and I’d really like for there to be fewer people overpaying for apartments in this town. There’s absolutely no reason to take our difference of opinion as a personal attack.

        [For the record, I really like Bloomingdale, and my roommate and I are looking for our next home in that neighborhood. I just think it’s absurd to spend $3500 on an apartment there.]

        • “For the record, I really like Bloomingdale, and my roommate and I are looking for our next home in that neighborhood. I just think it’s absurd to spend $3500 on an apartment there.”
          I think a lot of it also has to do with when the landlord bought. A lot of people have bought in CoHi, Bloomingdale, and Petworth in the last 5 years. They are paying a lot and have a large PITI + maintenance. Many are leveraged up to their eyeballs. This goes for both individual homeowners and those small timers developing or sub-dividing buildings to rent. These people are not going to rent out their place for less than their carrying costs. I know we all say “Yeah, but the market will only support this much blah blah blah….” but that’s simply not true. We know how psychology works, an owner is not going to pay to rent out to someone else. In an era of low interest rates, the tails wags the dog.
          A lot of places in Shaw, U Street and the more established middle class areas have owners who bought a long time ago. They might even own the property outright and are not as tuned into what the potential rent might be. Those who bought more recently are very price sensitive, since they were recently in the market and need to clear their carrying costs.
          Anyways, that’s just my anecdotal experience with renting in the Shaw and U Street areas from landlords who have been in DC for a loooooooooooong time.

          • This is exactly why I think there’s a bubble.

          • If a unit sits vacant for long enough, a landlord will drop the price to get it rented and that includes dropping it below their carrying costs. That’s because some rent is better than $0. If this continues and the person cannot cover their costs through renting, they are likely to sell. This is part of how the for-rent and for-sale markets are linked. If you have a lot of apartments delivering on the market (as we do in DC) and there isn’t the demand to rent those apartments, then you have rents going down and prices in the for sale market also going down (ie because of greater supply- people selling units they can’t get enough rent for). In DC there is still plenty of demand and vacancy rates have been trending down, not up. People are still moving here and they are paying the high rents. That’s why I do not think that there is a bubble. The crazy seller’s market from last year has gone away and we will have a lot more units delivering in 2015. But as long as job growth and in-migration to the district continues, the market will remain as is.

  • Yeah, I found my apartment through friends. Landlord doesn’t advertise at all. One bedroom at 18th and U for $1375 a month. Absolute steal. About 600 sq ft with exposed brick walls and ventilation. Relatively updated kitchen, cement floors (which I like but could be a deal breaker for others), pets allowed, and parking for $175 a month. Never moving out.

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