Residential Income Property with
For Sale
$649,000
4100 CATHEDRAL AVE NW #615, Washington, DC 20016
WASHINGTON, DC
Property Size1,800 SF
Price / SF$360.56
Days on Market122
Property Features for 4100 CATHEDRAL AVE NW #615
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
CATHEDRAL HEIGHTS
Elementary school
HORACE MANN
Middle school
HARDY
High school
WILSON SENIOR
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Amenities
24-hour concierge service
on-site management
fitness center
heated swimming pool
sun deck
sauna
dance studio
library
conference room
pet-friendly
additional storage
Building Details
Year built
1966
Listing Agency:
Chevy Chase Circle
(202) 966-1400
Listed By:
Kimberly A Cestari · License #SP98364172
(202) 253-8757
Added: May 12
Changed: Aug 23
Last Checked: Sep 10 at 12:06PM
MLS# DCDC2259518
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence of just over 1,800 square feet within Cathedral West. The floor plan separates the primary suite from a flexible den or second bedroom, which includes an ensuite bath, library nook, and pocket doors. Main-level features include an entrance foyer, powder room, expansive living and dining areas, custom built-ins, and a gourmet kitchen with Jenn-Air appliances, gas cooking, dual ovens, and a wine refrigerator. The primary suite offers dual vanities, built-in storage, and a walk-in closet.
One garage parking space and a separate storage unit convey with the residence. The 92-unit building provides 24-hour concierge service, on-site management, guest valet parking, a fitness center, heated pool, sun deck, sauna, dance studio, library, and conference room. The monthly condo fee includes all utilities. The property is near American University, restaurants, shopping, daily conveniences, and a bus line outside the building.
One garage parking space and a separate storage unit convey with the residence. The 92-unit building provides 24-hour concierge service, on-site management, guest valet parking, a fitness center, heated pool, sun deck, sauna, dance studio, library, and conference room. The monthly condo fee includes all utilities. The property is near American University, restaurants, shopping, daily conveniences, and a bus line outside the building.
Key Highlights
- Just over 1,800 square feet with separated living wings
- Two‑bedroom configuration includes a flexible den or second bedroom with ensuite bath
- Jenn‑Air kitchen with gas cooktop, dual ovens, and wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,160
$598.2K
Cap Rate 7%
$427,257
$427.3K
Cap Rate 9%
$332,311
$332.3K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.2K $31.80/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$54.4K $30.21/SF
− OpEx
−$24.5K −$13.59/SF
NOI
$29.9K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,160
Cap Rate 7%
$427,257
Cap Rate 9%
$332,311
Alternative Uses
Best Use
Apartment 5plus
$427.3K
$373.9K – $498.5K
NOI $29,908 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.9K
$810.1K – $1.08M
NOI $64,810 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Spacious condominium residence with two private living wings, extensive storage, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 4100 CATHEDRAL AVE NW #615 Washington, DC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Just over 1,800 square feet with separated living wings; Two‑bedroom configuration includes a flexible den or second bedroom with ensuite bath; Jenn‑Air kitchen with gas cooktop, dual ovens, and wine refrigerator
