Ground-Floor Residential Income
For Sale
$385,000
1109 O STREET NW Unit 101, Washington, DC 20005
One-bedroom residence with updated finishes, private outdoor space, and access to a shared rooftop terrace.
Property Size709 SF
Days on Market58
Property Features for 1109 O STREET NW Unit 101
General Information
Standard status
Active
Size
709 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,110
Amenities
private patio
shared rooftop garden terrace
updated kitchen
stainless steel appliances
hardwood floors
Building Details
Building Size
709 SF
Year Built
1998
Listing Agency:
Samson Properties
Listed By:
Shaquia Peace · License #SP40002385
(703) 675-4831
Source:
Kwcapitalproperties
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 1 at 11:50PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This ground-level residential income property includes one bedroom and one bathroom within a 1998 building. The interior has hardwood flooring, an updated kitchen with stainless steel appliances, and an open living-and-dining arrangement. Two separate entrances add convenience, while substantial storage provides practical utility. A private patio extends the residence outdoors, and residents also have access to a shared rooftop garden terrace with city views.
The property is located near Whole Foods, Starbucks, restaurants, and the Mt. Vernon Metro station. Its Logan Circle setting places downtown Washington, DC destinations within convenient reach.
The property is located near Whole Foods, Starbucks, restaurants, and the Mt. Vernon Metro station. Its Logan Circle setting places downtown Washington, DC destinations within convenient reach.
Key Highlights
- Ground‑floor one‑bedroom, one‑bath residence
- Updated kitchen with stainless steel appliances
- Hardwood floors and open living‑dining layout
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
$11,780
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
3.06%
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%
$235,600
$235.6K
Cap Rate 7%
$168,286
$168.3K
Cap Rate 9%
$130,889
$130.9K
Market Conditions
NOI Build-Up for 709 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
$22.5K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.4K $30.21/SF
− OpEx
−$9.6K −$13.59/SF
NOI
$11.8K $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%
$235,600
Cap Rate 7%
$168,286
Cap Rate 9%
$130,889
Alternative Uses
Best Use
Apartment 5plus
$168.3K
$147.3K – $196.3K
NOI $11,780 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.7K
$319.1K – $425.5K
NOI $25,528 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
14,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 20005, DC
12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with updated finishes, private outdoor space, and access to a shared rooftop terrace.
Where is this residential income property located?
The property is located at 1109 O STREET NW Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Ground‑floor one‑bedroom, one‑bath residence; Updated kitchen with stainless steel appliances; Hardwood floors and open living‑dining layout
