One-Bedroom Residential Income
For Sale
$550,000
1312 MASSACHUSETTS AVENUE NW Unit 309, Washington, DC 20005
South-facing residence with private courtyard outlook, fireplace, in-unit laundry, and access to full-service building amenities.
Property Size1,096 SF
Price / SF$501.82
Days on Market167
Property Features for 1312 MASSACHUSETTS AVENUE NW Unit 309
General Information
Standard status
Active
Size
1,096 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,716
Amenities
hardwood floors
gas fireplace
in-unit washer and dryer
Elfa closet system
European lighting
concierge service
secure building and floor access
landscaped courtyard with grills and seating
private storage
bike storage
on-site parking garage
Building Details
Building Size
1,096 SF
Year Built
1949
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Hamid Samiy · License #AB00095914
(202) 714-1300
Source:
Kerishull
Added: Apr 1
Changed: Sep 10
Last Checked: Sep 13 at 11:45AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Unit 508 is a south-facing, one-bedroom residence with a courtyard outlook and a layout that includes hardwood flooring, a gas fireplace, in-unit washer and dryer, Elfa closet storage, European lighting, and a recently replaced HVAC chassis. The home is located within The Midtown, a 1949 building that has undergone a comprehensive interior renovation.
Building features include full-time concierge service, controlled access to the building and floors, a landscaped courtyard with grills and seating, private storage, bike storage, and an on-site parking garage with rental spaces often available. The property sits between Thomas Circle and Franklin Park in downtown Washington, with the White House, CityCenterDC, the 14th Street corridor, multiple Metro stations, Whole Foods, Trader Joe’s, restaurants, and cafes located within the surrounding area.
Building features include full-time concierge service, controlled access to the building and floors, a landscaped courtyard with grills and seating, private storage, bike storage, and an on-site parking garage with rental spaces often available. The property sits between Thomas Circle and Franklin Park in downtown Washington, with the White House, CityCenterDC, the 14th Street corridor, multiple Metro stations, Whole Foods, Trader Joe’s, restaurants, and cafes located within the surrounding area.
Key Highlights
- South‑facing one‑bedroom residence in Unit 508
- Hardwood floors, gas fireplace, and in‑unit washer and dryer
- Elfa closet system, private storage, and European 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
$18,211
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
3.31%
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%
$364,220
$364.2K
Cap Rate 7%
$260,157
$260.2K
Cap Rate 9%
$202,344
$202.3K
Market Conditions
NOI Build-Up for 1,096 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
$34.9K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$33.1K $30.21/SF
− OpEx
−$14.9K −$13.59/SF
NOI
$18.2K $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%
$364,220
Cap Rate 7%
$260,157
Cap Rate 9%
$202,344
Alternative Uses
Best Use
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.7K
$493.3K – $657.7K
NOI $39,462 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,455
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing residence with private courtyard outlook, fireplace, in-unit laundry, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 1312 MASSACHUSETTS AVENUE NW Unit 309 Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: South‑facing one‑bedroom residence in Unit 508; Hardwood floors, gas fireplace, and in‑unit washer and dryer; Elfa closet system, private storage, and European lighting
