Two-Level Residential Income
For Sale
$899,990
1110 6TH STREET NE Unit 2, Washington, DC 20002
Two-level condominium residence with private balconies, rooftop access, deeded parking, and a three-bedroom upper-level layout.
Property Size1,611 SF
Days on Market46
Property Features for 1110 6TH STREET NE Unit 2
General Information
Standard status
Active
Size
1,611 SF
Total Parking Spaces
1
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
HOA Fee
$500
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,276
Amenities
private balcony
shared rooftop terrace
pet-friendly
Building Details
Building Size
1,611 SF
Year Built
1927
Listing Agency:
Compass
Listed By:
Megan Meekin · License #SP98378166
(240) 388-0724
Source:
Kwcapitalproperties
Added: Jul 31
Changed: Sep 13
Last Checked: Sep 14 at 10:21AM
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 Compass
Investment Insights
Based on property information with market context.
Unit 2 is a two-level condominium residence within a six-unit boutique building, with a private entry and three bedrooms arranged on the upper floor. The interior includes oversized windows, high ceilings, hardwood flooring, a kitchen with quartz countertops, wood cabinetry, and stainless steel appliances, plus two private balconies. Residents also have access to a shared rooftop terrace, and the property is pet-friendly. A separately deeded parking space conveys with the unit.
The property is on a quiet one-way street in Washington, DC’s Atlas District. Union Market, Trader Joe’s, the NoMa-Gallaudet U station, and the H Street corridor are all described as being within steps of the residence. The $500 monthly condo fee is excluded from this summary, while the listed services include water, sewer, trash, professional management, lawn maintenance, and snow removal.
The property is on a quiet one-way street in Washington, DC’s Atlas District. Union Market, Trader Joe’s, the NoMa-Gallaudet U station, and the H Street corridor are all described as being within steps of the residence. The $500 monthly condo fee is excluded from this summary, while the listed services include water, sewer, trash, professional management, lawn maintenance, and snow removal.
Key Highlights
- Six‑unit boutique condominium building with private entry for each unit
- Two‑level layout with all 3 bedrooms located upstairs
- Two private balconies, including one adjoining the kitchen
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
$27,427
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
3.05%
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%
$548,540
$548.5K
Cap Rate 7%
$391,814
$391.8K
Cap Rate 9%
$304,744
$304.7K
Market Conditions
NOI Build-Up for 1,611 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
$53.2K $33.00/SF
− Vacancy
−$3.3K −$2.05/SF
EGI
$49.9K $30.95/SF
− OpEx
−$22.4K −$13.93/SF
NOI
$27.4K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /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%
$548,540
Cap Rate 7%
$391,814
Cap Rate 9%
$304,744
Alternative Uses
Best Use
Apartment 5plus
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$831.8K
$727.8K – $970.4K
NOI $58,223 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium residence with private balconies, rooftop access, deeded parking, and a three-bedroom upper-level layout.
Where is this residential income property located?
The property is located at 1110 6TH STREET NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: Six‑unit boutique condominium building with private entry for each unit; Two‑level layout with all 3 bedrooms located upstairs; Two private balconies, including one adjoining the kitchen
