One-Bedroom Residential Income
For Sale
$424,900
1001 L STREET NW Unit 211, Washington, DC 20001
Updated unit with courtyard outlook, in-unit laundry, and access to resident-focused building amenities.
Property Size748 SF
Days on Market41
Property Features for 1001 L STREET NW Unit 211
General Information
Standard status
Active
Size
748 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,285
Amenities
weekday concierge service
resident lounge
bike storage
pet friendly atmosphere
in-unit washer and dryer
new appliances
granite counters
new flooring
walk-in closet
Building Details
Building Size
748 SF
Year Built
2004
Listing Agency:
RLAH @properties
Listed By:
Christopher M Sartwell
(240) 353-3164
Source:
Kwcapitalproperties
Added: Aug 5
Changed: Sep 13
Last Checked: Sep 14 at 7:33AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Unit 211 is a one-bedroom residential income property in a 2004 building, with an open-concept living area oriented toward the courtyard. Recent interior improvements include fresh paint, new flooring throughout, new bedroom carpet, and updated kitchen appliances. The kitchen also features granite counters, while the bedroom offers a walk-in closet and the unit includes an in-unit washer and dryer.
Building amenities include weekday concierge service, a resident lounge, bike storage, and a pet-friendly atmosphere. The property is within walking distance of 3 metro stops and near Cap 1 Arena, Shaw, CityCenter DC, and Gallery Place, with dining and shopping options nearby.
Building amenities include weekday concierge service, a resident lounge, bike storage, and a pet-friendly atmosphere. The property is within walking distance of 3 metro stops and near Cap 1 Arena, Shaw, CityCenter DC, and Gallery Place, with dining and shopping options nearby.
Key Highlights
- One‑bedroom unit with open‑concept living area and courtyard outlook
- Fresh paint, new flooring throughout, and new bedroom carpet
- Kitchen includes new appliances and granite counters
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
$12,428
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
2.92%
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%
$248,560
$248.6K
Cap Rate 7%
$177,543
$177.5K
Cap Rate 9%
$138,089
$138.1K
Market Conditions
NOI Build-Up for 748 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
$23.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$22.6K $30.21/SF
− OpEx
−$10.2K −$13.59/SF
NOI
$12.4K $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%
$248,560
Cap Rate 7%
$177,543
Cap Rate 9%
$138,089
Alternative Uses
Best Use
Apartment 5plus
$177.5K
$155.4K – $207.1K
NOI $12,428 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.7K
$336.7K – $448.9K
NOI $26,932 @ 7.0% cap · market cap 6.34%
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
14,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated unit with courtyard outlook, in-unit laundry, and access to resident-focused building amenities.
Where is this residential income property located?
The property is located at 1001 L STREET NW Unit 211 Washington, DC.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: One‑bedroom unit with open‑concept living area and courtyard outlook; Fresh paint, new flooring throughout, and new bedroom carpet; Kitchen includes new appliances and granite counters
