Studio Residential Income
For Sale
$299,999
1210 R STREET NW Unit B1, Washington, DC 20009
Updated studio with stainless appliances, stacked laundry, a Murphy bed, parking, and private storage.
Property Size490 SF
Days on Market28
Property Features for 1210 R STREET NW Unit B1
General Information
Standard status
Active
Size
490 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,395
Amenities
washer/dryer
controlled access
storage unit
Building Details
Building Size
490 SF
Year Built
2006
Listing Agency:
Allfirst Realty, Inc.
(202) 818-0543
Listed By:
Shawn Keith Slade II · License #SP40000536
(202) 818-0543
Source:
Kwcapitalproperties
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 29 at 1:36PM
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 Allfirst Realty, Inc.
Investment Insights
Based on property information with market context.
This studio residential income property is located in a 2006 building and features new flooring, stainless steel appliances, a stacked washer-dryer, and a full bathroom. A full-sized Murphy bed provides a flexible sleeping arrangement within the living area.
Building amenities include controlled access, elevator service, wide doorways, and single-level access to the amenities. The sale includes dedicated parking space #P-36C in a secure underground garage, along with an additional storage unit.
The property is positioned near Logan Circle and the 14th Street corridor, providing access to the surrounding neighborhood’s retail, dining, and entertainment offerings.
Building amenities include controlled access, elevator service, wide doorways, and single-level access to the amenities. The sale includes dedicated parking space #P-36C in a secure underground garage, along with an additional storage unit.
The property is positioned near Logan Circle and the 14th Street corridor, providing access to the surrounding neighborhood’s retail, dining, and entertainment offerings.
Key Highlights
- Studio unit with new flooring and stainless steel appliances
- Full‑sized Murphy bed and stacked washer‑dryer
- 2006 building with controlled access and elevator
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
$9,535
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
3.18%
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%
$190,700
$190.7K
Cap Rate 7%
$136,214
$136.2K
Cap Rate 9%
$105,944
$105.9K
Market Conditions
NOI Build-Up for 490 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
$18.4K $37.56/SF
− Vacancy
−$1.1K −$2.18/SF
EGI
$17.3K $35.38/SF
− OpEx
−$7.8K −$15.92/SF
NOI
$9.5K $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%
$190,700
Cap Rate 7%
$136,214
Cap Rate 9%
$105,944
Alternative Uses
Best Use
Apartment 5plus
$136.2K
$119.2K – $158.9K
NOI $9,535 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 5.88%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated studio with stainless appliances, stacked laundry, a Murphy bed, parking, and private storage.
Where is this residential income property located?
The property is located at 1210 R STREET NW Unit B1 Washington, DC.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Studio unit with new flooring and stainless steel appliances; Full‑sized Murphy bed and stacked washer‑dryer; 2006 building with controlled access and elevator
