Updated Residential Income
For Sale
$289,900
1219 HOLBROOK TERRACE NE Unit 3, Washington, DC 20002
Condominium unit with flexible bedroom and office or den arrangement.
Property Size708 SF
Days on Market125
Property Features for 1219 HOLBROOK TERRACE NE Unit 3
General Information
Standard status
Active
Size
708 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,700
Amenities
in-unit laundry
central A/C
hardwood floors
recessed lighting
granite countertops
stainless steel appliances
gas cooking
pet-friendly building
Building Details
Building Size
708 SF
Year Built
1937
Listing Agency:
Compass
Listed By:
Tyler Hart
(404) 771-3709
Source:
Kwcapitalproperties
Added: May 14
Changed: Sep 13
Last Checked: Sep 14 at 9:01AM
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 updated condominium unit is located in a boutique building constructed in 1937. Interior features include hardwood flooring, recessed lighting, and a modern kitchen equipped with granite countertops, stainless steel appliances, and gas cooking. In-unit laundry and central A/C add everyday convenience, while the layout accommodates a bedroom with a separate office or den area.
The property is at 1219 Holbrook Terrace NE in Washington, DC, with Union Market, the H Street Corridor, and NoMa Metro described as just minutes away. The building is pet-friendly, and a home warranty conveys to the new owner. The unit’s low-maintenance configuration and flexible interior arrangement support residential occupancy or an income-property use.
The property is at 1219 Holbrook Terrace NE in Washington, DC, with Union Market, the H Street Corridor, and NoMa Metro described as just minutes away. The building is pet-friendly, and a home warranty conveys to the new owner. The unit’s low-maintenance configuration and flexible interior arrangement support residential occupancy or an income-property use.
Key Highlights
- Updated condo unit in a boutique building constructed in 1937
- Modern kitchen with granite countertops, stainless steel appliances, and gas cooking
- Hardwood floors and recessed lighting
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
$12,053
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
4.16%
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%
$241,060
$241.1K
Cap Rate 7%
$172,186
$172.2K
Cap Rate 9%
$133,922
$133.9K
Market Conditions
NOI Build-Up for 708 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
$23.4K $33.00/SF
− Vacancy
−$1.4K −$2.05/SF
EGI
$21.9K $30.95/SF
− OpEx
−$9.9K −$13.93/SF
NOI
$12.1K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /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%
$241,060
Cap Rate 7%
$172,186
Cap Rate 9%
$133,922
Alternative Uses
Best Use
Apartment 5plus
$172.2K
$150.7K – $200.9K
NOI $12,053 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.5K
$319.9K – $426.5K
NOI $25,588 @ 7.0% cap · market cap 8.83%
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
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit with flexible bedroom and office or den arrangement.
Where is this residential income property located?
The property is located at 1219 HOLBROOK TERRACE NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Updated condo unit in a boutique building constructed in 1937; Modern kitchen with granite countertops, stainless steel appliances, and gas cooking; Hardwood floors and recessed lighting
