Residential Income Property with
For Sale
$555,000
1312 13TH STREET NW Unit 1, Washington, DC 20005
Condominium residence with flexible den space, elevated ceilings, hardwood flooring, and a spa-style bathroom.
Property Size992 SF
Days on Market60
Property Features for 1312 13TH STREET NW Unit 1
General Information
Standard status
Active
Size
992 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,108
Building Details
Building Size
992 SF
Year Built
2022
Listing Agency:
TTR Sotheby's International Realty
(843) 209-2109
Listed By:
Lucas Robert Shanle · License #SP40002688
(843) 209-2109
Source:
Kwcapitalproperties
Added: Jun 24
Changed: Aug 15
Last Checked: Aug 22 at 12:17PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This residential income property is a 2022 condominium residence with one bedroom, a den, and one bathroom. The nearly 1,000-SQFT interior features 9.5-foot ceilings, hardwood floors, and an open layout with abundant natural light. The bedroom includes a walk-in closet with built-ins, while the den can serve as a home office or guest area. An oversized walk-in shower is the centerpiece of the bathroom.
The property is located at 1312 13th Street NW, Unit 1, in Washington, DC 20005, one block south of Logan Circle Park. Restaurants, bars, and nightlife along 14th Street are nearby, along with Whole Foods, VIDA Fitness, and multiple Metro stations. Its Logan Circle setting places neighborhood amenities and city transportation within close reach.
The property is located at 1312 13th Street NW, Unit 1, in Washington, DC 20005, one block south of Logan Circle Park. Restaurants, bars, and nightlife along 14th Street are nearby, along with Whole Foods, VIDA Fitness, and multiple Metro stations. Its Logan Circle setting places neighborhood amenities and city transportation within close reach.
Key Highlights
- 2022 construction with 9.5‑foot ceilings and hardwood floors
- One‑bedroom residence with den and 1 bath
- Nearly 1,000 SQFT open interior with natural light
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
$16,483
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
2.97%
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%
$329,660
$329.7K
Cap Rate 7%
$235,471
$235.5K
Cap Rate 9%
$183,144
$183.1K
Market Conditions
NOI Build-Up for 992 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
$31.5K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.0K $30.21/SF
− OpEx
−$13.5K −$13.59/SF
NOI
$16.5K $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%
$329,660
Cap Rate 7%
$235,471
Cap Rate 9%
$183,144
Alternative Uses
Best Use
Apartment 5plus
$235.5K
$206.0K – $274.7K
NOI $16,483 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,718 @ 7.0% cap · market cap 6.44%
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
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 - Condominium residence with flexible den space, elevated ceilings, hardwood flooring, and a spa-style bathroom.
Where is this residential income property located?
The property is located at 1312 13TH STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 2022 construction with 9.5‑foot ceilings and hardwood floors; One‑bedroom residence with den and 1 bath; Nearly 1,000 SQFT open interior with natural light
