Updated Residential Income
For Sale
$925,000
1080 WISCONSIN AVENUE NW Unit 1017, Washington, DC 20007
Turnkey condominium residence with concierge service, landscaped grounds, pool access, and parking garage availability.
Property Size1,793 SF
Days on Market43
Property Features for 1080 WISCONSIN AVENUE NW Unit 1017
General Information
Standard status
Active
Size
1,793 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,295
Amenities
concierge
courtyard
outdoor swimming pool
parking garage
Building Details
Building Size
1,793 SF
Year Built
1981
Listing Agency:
TTR Sotheby's International Realty
Listed By:
John A. Vardas · License #SP91971
(301) 807-1119
Source:
Kwcapitalproperties
Added: Aug 3
Changed: Sep 8
Last Checked: Sep 14 at 11:10AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This updated residential income property is located within Georgetown Park, a full-service condominium community completed in 1981. The residence features an open arrangement connecting the living and dining areas with the kitchen, along with oversized windows that bring substantial natural light indoors. The bedroom includes generous closet storage, and the interior is presented in turnkey condition.
The property is at 1080 Wisconsin Avenue NW in Washington, DC, at the corner of Wisconsin Avenue and M Street. Shopping, restaurants, cafes, the C&O Canal, Washington Harbour, and the Georgetown waterfront are all identified as nearby destinations. Community amenities include concierge service, a landscaped courtyard, an outdoor swimming pool, and an on-site parking garage with rental availability. The residence is described as suitable for use as a primary home, pied-a-terre, or investment property.
The property is at 1080 Wisconsin Avenue NW in Washington, DC, at the corner of Wisconsin Avenue and M Street. Shopping, restaurants, cafes, the C&O Canal, Washington Harbour, and the Georgetown waterfront are all identified as nearby destinations. Community amenities include concierge service, a landscaped courtyard, an outdoor swimming pool, and an on-site parking garage with rental availability. The residence is described as suitable for use as a primary home, pied-a-terre, or investment property.
Key Highlights
- Georgetown Park condominium community completed in 1981
- Updated interior with open living, dining, and kitchen arrangement
- Oversized windows and generous bedroom closet storage
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
$29,792
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
3.22%
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%
$595,840
$595.8K
Cap Rate 7%
$425,600
$425.6K
Cap Rate 9%
$331,022
$331.0K
Market Conditions
NOI Build-Up for 1,793 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
$57.0K $31.80/SF
− Vacancy
−$2.9K −$1.59/SF
EGI
$54.2K $30.21/SF
− OpEx
−$24.4K −$13.59/SF
NOI
$29.8K $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%
$595,840
Cap Rate 7%
$425,600
Cap Rate 9%
$331,022
Alternative Uses
Best Use
Apartment 5plus
$425.6K
$372.4K – $496.5K
NOI $29,792 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$922.3K
$807.0K – $1.08M
NOI $64,558 @ 7.0% cap · market cap 6.98%
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
5,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey condominium residence with concierge service, landscaped grounds, pool access, and parking garage availability.
Where is this residential income property located?
The property is located at 1080 WISCONSIN AVENUE NW Unit 1017 Washington, DC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Georgetown Park condominium community completed in 1981; Updated interior with open living, dining, and kitchen arrangement; Oversized windows and generous bedroom closet storage
