Penthouse Residential Income
For Sale
$424,900
1133 14TH STREET NW Unit 1210, Washington, DC 20005
One-bedroom residence with custom built-ins, designer finishes, and access to extensive building amenities.
Property Size725 SF
Price / SF$586.07
Days on Market34
Property Features for 1133 14TH STREET NW Unit 1210
General Information
Standard status
Active
Size
725 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
Sky Lounge
Rooftop Deck
Party Room
LEED Certified
Full-Time Concierge
Open Living Layout
Large Windows
Concrete Ceilings
Exposed Ductwork
Industrial Track Lighting
Large Walk-In Closet
Porcelanosa Tile Flooring
Washer & Dryer
Building Details
Building Size
725 SF
Year Built
2006
Listing Agency:
Compass
(202) 595-5757
Listed By:
Andrew Riguzzi · License #SP98364747
(202) 595-5757
Source:
Kwcapitalproperties
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 31 at 12:09AM
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.
This penthouse residence offers 725 SF with one bedroom, one bathroom, and one garage parking space. The open living arrangement features large windows overlooking 14th Street, concrete ceilings, exposed ductwork, industrial-style track lighting, and Porcelanosa tile flooring. A walk-in closet includes custom built-ins, while the kitchen is finished with hardwood cabinetry, a stainless steel backsplash, black granite countertops, and stainless steel appliances. The bathroom includes a glass-enclosed shower, built-in shelf, and vanity storage. A front-loading washer and dryer are located within the unit.
Completed in 2006, the building provides a Sky Lounge connected to a rooftop deck with 360-degree views, along with a party room featuring a kitchen, bathroom, fireplace, and terrace. Additional property features include a full-time concierge, underground garage, two elevators, and LEED certification.
Completed in 2006, the building provides a Sky Lounge connected to a rooftop deck with 360-degree views, along with a party room featuring a kitchen, bathroom, fireplace, and terrace. Additional property features include a full-time concierge, underground garage, two elevators, and LEED certification.
Key Highlights
- 725 SF penthouse with 1 bedroom and 1 bathroom
- 1 garage parking space in the underground garage
- Open living layout with large windows overlooking 14th Street
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
$12,046
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
2.84%
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%
$240,920
$240.9K
Cap Rate 7%
$172,086
$172.1K
Cap Rate 9%
$133,844
$133.8K
Market Conditions
NOI Build-Up for 725 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
$23.1K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$21.9K $30.21/SF
− OpEx
−$9.9K −$13.59/SF
NOI
$12.0K $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%
$240,920
Cap Rate 7%
$172,086
Cap Rate 9%
$133,844
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,046 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.9K
$326.3K – $435.1K
NOI $26,104 @ 7.0% cap · market cap 6.14%
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
25,090
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 custom built-ins, designer finishes, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1133 14TH STREET NW Unit 1210 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: 725 SF penthouse with 1 bedroom and 1 bathroom; 1 garage parking space in the underground garage; Open living layout with large windows overlooking 14th Street
