Residential Income Property with
For Sale
$899,000
1210 R STREET NW Unit 109, Washington, DC 20009
Open-concept residence with private balcony, en-suite baths, dedicated parking, and flexible den space.
Property Size1,412 SF
Days on Market9
Property Features for 1210 R STREET NW Unit 109
General Information
Standard status
Active
Size
1,412 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,695
Amenities
private balcony
pet-friendly
Building Details
Building Size
1,412 SF
Year Built
2006
Listing Agency:
Washington Fine Properties ,LLC
Listed By:
Daryl Judy · License #AB699875
(202) 380-7219
Source:
Kwcapitalproperties
Added: Sep 6
Changed: Sep 13
Last Checked: Sep 14 at 9:48AM
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 Washington Fine Properties ,LLC
Investment Insights
Based on property information with market context.
Unit 109 is a two-bedroom, two-bath residence with a den, open living areas, high ceilings, and substantial natural light. The layout includes a private balcony with access from the primary bedroom, two 12-foot window bays, and en-suite bathrooms for both bedrooms. A dedicated den can serve as an office, library, or additional retreat.
The kitchen features custom cabinetry with glass-front doors, generous storage, ample counter space, and a peninsula with seating. The 2006 building is pet-friendly and includes a parking space. The property is located at 1210 R Street NW in Washington, DC, within Logan Circle, near restaurants, shopping, markets, and daily conveniences.
The kitchen features custom cabinetry with glass-front doors, generous storage, ample counter space, and a peninsula with seating. The 2006 building is pet-friendly and includes a parking space. The property is located at 1210 R Street NW in Washington, DC, within Logan Circle, near restaurants, shopping, markets, and daily conveniences.
Key Highlights
- Two‑bedroom, two‑bath residence with a flexible den
- Two 12‑foot window bays provide abundant eastern morning light
- Private balcony with direct access from the primary bedroom
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
$27,477
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%
$549,540
$549.5K
Cap Rate 7%
$392,529
$392.5K
Cap Rate 9%
$305,300
$305.3K
Market Conditions
NOI Build-Up for 1,412 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
$53.0K $37.56/SF
− Vacancy
−$3.1K −$2.18/SF
EGI
$50.0K $35.38/SF
− OpEx
−$22.5K −$15.92/SF
NOI
$27.5K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /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%
$549,540
Cap Rate 7%
$392,529
Cap Rate 9%
$305,300
Alternative Uses
Best Use
Apartment 5plus
$392.5K
$343.5K – $458.0K
NOI $27,477 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.3K
$635.5K – $847.3K
NOI $50,840 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept residence with private balcony, en-suite baths, dedicated parking, and flexible den space.
Where is this residential income property located?
The property is located at 1210 R STREET NW Unit 109 Washington, DC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence with a flexible den; Two 12‑foot window bays provide abundant eastern morning light; Private balcony with direct access from the primary bedroom
