Updated Residential Income
New
For Sale
$449,900
1135 6TH STREET NW Unit 1, Washington, DC 20001
Historic residence with an open interior, private entrances, and updated kitchen and bath finishes.
Property Size990 SF
Days on Market5
Property Features for 1135 6TH STREET NW Unit 1
General Information
Standard status
Active
Size
990 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,797
Amenities
in-unit laundry
private entrance
Building Details
Building Size
990 SF
Year Built
1900
Listing Agency:
Serhant
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 10:30AM
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 Serhant
Investment Insights
Based on property information with market context.
Located at 1135 6th Street NW, Unit 1 is set within a Victorian-style facade dating to 1900. The residence offers an open main-level arrangement with a bay window, recessed lighting, and a connected dining area and kitchen. Stainless steel appliances, stone countertops, shaker cabinetry, and a broad breakfast bar define the kitchen, while wide-plank wood flooring, upgraded tile, and updated fixtures add contemporary finishes. The home also includes in-unit laundry, substantial storage, a walk-in closet, and an ensuite bath. Private entrances provide direct access to the residence.
The property is in Washington, DC's Mount Vernon Square area, with the Convention Center, CityCenterDC, Shaw, Metro access, shops, and restaurants nearby. The layout includes a legal 1 bedroom plus a den with a closet, offering flexible residential space within the property.
The property is in Washington, DC's Mount Vernon Square area, with the Convention Center, CityCenterDC, Shaw, Metro access, shops, and restaurants nearby. The layout includes a legal 1 bedroom plus a den with a closet, offering flexible residential space within the property.
Key Highlights
- Victorian‑style facade associated with the 1900 construction year
- Open layout with bay window, recessed lighting, and connected dining area
- Kitchen with stainless steel appliances, stone counters, shaker cabinetry, and breakfast bar
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
$16,449
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
3.66%
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%
$328,980
$329.0K
Cap Rate 7%
$234,986
$235.0K
Cap Rate 9%
$182,767
$182.8K
Market Conditions
NOI Build-Up for 990 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
$31.5K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$29.9K $30.21/SF
− OpEx
−$13.5K −$13.59/SF
NOI
$16.4K $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%
$328,980
Cap Rate 7%
$234,986
Cap Rate 9%
$182,767
Alternative Uses
Best Use
Apartment 5plus
$235.0K
$205.6K – $274.2K
NOI $16,449 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.2K
$445.6K – $594.1K
NOI $35,646 @ 7.0% cap · market cap 7.92%
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
9,313
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 - Historic residence with an open interior, private entrances, and updated kitchen and bath finishes.
Where is this residential income property located?
The property is located at 1135 6TH STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Victorian‑style facade associated with the 1900 construction year; Open layout with bay window, recessed lighting, and connected dining area; Kitchen with stainless steel appliances, stone counters, shaker cabinetry, and breakfast bar
