Two-Bedroom Residential Income
For Sale
$575,100
1000 NEW JERSEY AVENUE SE Unit 513, Washington, DC 20003
Co-op residence with balcony, two full baths, in-unit laundry, and access to extensive community amenities.
Property Size1,033 SF
Days on Market71
Property Features for 1000 NEW JERSEY AVENUE SE Unit 513
General Information
Standard status
Active
Size
1,033 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
there's room to get it back to peak form
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,029,655
Amenities
private balcony
in-unit washer and dryer
24-hour concierge
indoor pool
fitness center
landscaped courtyard
resident lounges
complimentary coffee bar
Building Details
Building Size
1,033 SF
Year Built
2006
Tenancy
Single
Listing Agency:
Keller Williams Capital Properties
Listed By:
Harrison l Beacher · License #sp98368550
(301) 448-6569
Source:
Kwcapitalproperties
Added: Jun 24
Changed: Sep 2
Last Checked: Aug 31 at 9:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
Unit 513 is a two-bedroom, two-bath co-op residence with a functional interior layout and a private balcony. The primary bedroom includes an en-suite bath, while the second bedroom has its own full bathroom. An in-unit washer and dryer add everyday convenience. The home has been freshly painted and includes mostly new kitchen appliances. It has been tenant-occupied and operated as a rental.
Capitol Hill Tower provides 24-hour concierge service, an indoor pool beneath a skylight, a fitness center, landscaped courtyard, resident lounges, and a complimentary coffee bar. The community is pet-friendly and rental-friendly. The property is located at 1000 New Jersey Avenue SE in Washington, DC, near Navy Yard Metro, Whole Foods, The Yards, Nationals Park, the waterfront, and area dining and nightlife. The building was completed in 2006.
Capitol Hill Tower provides 24-hour concierge service, an indoor pool beneath a skylight, a fitness center, landscaped courtyard, resident lounges, and a complimentary coffee bar. The community is pet-friendly and rental-friendly. The property is located at 1000 New Jersey Avenue SE in Washington, DC, near Navy Yard Metro, Whole Foods, The Yards, Nationals Park, the waterfront, and area dining and nightlife. The building was completed in 2006.
Key Highlights
- Two‑bedroom, two‑bath co‑op residence at 1000 New Jersey Avenue SE Unit: 513
- Private balcony plus en‑suite primary bedroom and second bedroom with its own full bath
- In‑unit washer and dryer; freshly painted with mostly new kitchen appliances
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
$17,164
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
2.98%
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%
$343,280
$343.3K
Cap Rate 7%
$245,200
$245.2K
Cap Rate 9%
$190,711
$190.7K
Market Conditions
NOI Build-Up for 1,033 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
$32.8K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$31.2K $30.21/SF
− OpEx
−$14.0K −$13.59/SF
NOI
$17.2K $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%
$343,280
Cap Rate 7%
$245,200
Cap Rate 9%
$190,711
Alternative Uses
Best Use
Apartment 5plus
$245.2K
$214.6K – $286.1K
NOI $17,164 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$531.3K
$464.9K – $619.9K
NOI $37,194 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Co-op residence with balcony, two full baths, in-unit laundry, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 1000 NEW JERSEY AVENUE SE Unit 513 Washington, DC.
What is the asking price?
The asking price for this property is $575,100.
What are key features of this property?
This property features: Two‑bedroom, two‑bath co‑op residence at 1000 New Jersey Avenue SE Unit: 513; Private balcony plus en‑suite primary bedroom and second bedroom with its own full bath; In‑unit washer and dryer; freshly painted with mostly new kitchen appliances
