One-Bedroom Residential Income
For Sale
$475,000
1308 12TH STREET NW Unit A, Washington, DC 20005
Condo residence with a private patio, wood-burning fireplace, and dedicated parking space.
Property Size841 SF
Days on Market89
Property Features for 1308 12TH STREET NW Unit A
General Information
Standard status
Active
Size
841 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,059
Building Details
Building Size
841 SF
Year Built
1989
Listing Agency:
Corcoran McEnearney
(301) 442-2287
Listed By:
David Ochsman · License #SP98377918
(301) 442-2287
Source:
Kwcapitalproperties
Added: Jun 4
Changed: Aug 28
Last Checked: Aug 30 at 9:23PM
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 Corcoran McEnearney
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium combines an open kitchen with a connected living area, creating a practical layout for daily use and entertaining. A wood-burning fireplace adds a functional feature to the main living space. The bedroom is positioned at the rear of the residence and opens directly to a private patio. A dedicated parking space is located behind the unit, adding convenience for residents.
Built in 1989, the property is located in Logan Circle at 1308 12th Street NW, Unit A, Washington, DC 20005. Logan Circle is two blocks away, while Whole Foods and Le Diplomate are 0.5 miles from the residence. Blagden Alley and the Mt. Vernon Metro are each under half a mile away, placing restaurants, groceries, nightlife, and transit within the surrounding area.
Built in 1989, the property is located in Logan Circle at 1308 12th Street NW, Unit A, Washington, DC 20005. Logan Circle is two blocks away, while Whole Foods and Le Diplomate are 0.5 miles from the residence. Blagden Alley and the Mt. Vernon Metro are each under half a mile away, placing restaurants, groceries, nightlife, and transit within the surrounding area.
Key Highlights
- One‑bedroom, one‑bath condominium
- Private patio accessed directly from the rear bedroom
- Wood‑burning fireplace in the living area
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
$13,974
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
2.94%
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%
$279,480
$279.5K
Cap Rate 7%
$199,629
$199.6K
Cap Rate 9%
$155,267
$155.3K
Market Conditions
NOI Build-Up for 841 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
$26.7K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$25.4K $30.21/SF
− OpEx
−$11.4K −$13.59/SF
NOI
$14.0K $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%
$279,480
Cap Rate 7%
$199,629
Cap Rate 9%
$155,267
Alternative Uses
Best Use
Apartment 5plus
$199.6K
$174.7K – $232.9K
NOI $13,974 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,281 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 20005, DC
12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo residence with a private patio, wood-burning fireplace, and dedicated parking space.
Where is this residential income property located?
The property is located at 1308 12TH STREET NW Unit A Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Private patio accessed directly from the rear bedroom; Wood‑burning fireplace in the living area
