Residential Income Property with
For Sale
$539,900
1211 VAN STREET SE Unit 806, Washington, DC 20003
Eighth-floor corner residence with two bedrooms, two full baths, hardwood flooring, and a private laundry area.
Property Size931 SF
Price / SF$579.91
Days on Market133
Property Features for 1211 VAN STREET SE Unit 806
General Information
Standard status
Active
Size
931 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,994
Amenities
private balcony
rooftop pool
sun deck
zen garden
fire pits
grilling stations
fitness club
lobby lounge with fireplace and billiards
on-site pet spa
bike parking
secure keyless entry
private laundry
Building Details
Building Size
931 SF
Year Built
2020
Listing Agency:
Samson Properties
(202) 369-1355
Listed By:
John M Burgess · License #BR98368103
(202) 369-1355
Source:
Kerishull
Added: Apr 20
Changed: Aug 29
Last Checked: Aug 29 at 11:39AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 931-square-foot residence occupies the eighth floor of The Avidian and features a corner layout with two bedrooms and two full baths. A private balcony frames views toward the Washington Monument, Southwest DC, and the Arlington skyline. Interior finishes include Kahrs wide-plank hardwood floors, quartz kitchen countertops, European-style cabinetry, paneled appliances, and private laundry. The property was built in 2020.
Residents have access to a rooftop pool and sun deck, zen garden, fire pits, grilling stations, fitness club, lobby lounge with fireplace and billiards, pet spa, bike parking, and secure keyless entry. The property is located near the Navy Yard-Ballpark Metro, Nationals Park, The Yards, The Wharf, and Capitol Hill. Attached garage parking is available for rent subject to availability; no parking space conveys with the sale.
Residents have access to a rooftop pool and sun deck, zen garden, fire pits, grilling stations, fitness club, lobby lounge with fireplace and billiards, pet spa, bike parking, and secure keyless entry. The property is located near the Navy Yard-Ballpark Metro, Nationals Park, The Yards, The Wharf, and Capitol Hill. Attached garage parking is available for rent subject to availability; no parking space conveys with the sale.
Key Highlights
- 931‑square‑foot eighth‑floor corner residence
- Two bedrooms and two full baths
- Private balcony with Washington Monument, Southwest DC, and Arlington skyline views
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
$15,469
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
2.87%
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%
$309,380
$309.4K
Cap Rate 7%
$220,986
$221.0K
Cap Rate 9%
$171,878
$171.9K
Market Conditions
NOI Build-Up for 931 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
$29.6K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.1K $30.21/SF
− OpEx
−$12.7K −$13.59/SF
NOI
$15.5K $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%
$309,380
Cap Rate 7%
$220,986
Cap Rate 9%
$171,878
Alternative Uses
Best Use
Apartment 5plus
$221.0K
$193.4K – $257.8K
NOI $15,469 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,521 @ 7.0% cap · market cap 6.21%
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
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Eighth-floor corner residence with two bedrooms, two full baths, hardwood flooring, and a private laundry area.
Where is this residential income property located?
The property is located at 1211 VAN STREET SE Unit 806 Washington, DC.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 931‑square‑foot eighth‑floor corner residence; Two bedrooms and two full baths; Private balcony with Washington Monument, Southwest DC, and Arlington skyline views
