Three-Bedroom Residential Income
For Sale
$749,900
1319 RANDOLPH STREET NW Unit 1, Washington, DC 20011
Multi-level condominium residence with private outdoor space, contemporary systems, central air, and rear parking.
Property Size2,100 SF
Price / SF$357.10
Days on Market145
Property Features for 1319 RANDOLPH STREET NW Unit 1
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,913
Amenities
covered patio
fenced backyard
central air
Building Details
Building Size
2,100 SF
Year Built
1919
Listing Agency:
Serhant
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kerishull
Added: Apr 23
Changed: Sep 12
Last Checked: Sep 13 at 1:24PM
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 Serhant
Investment Insights
Based on property information with market context.
This multi-level condominium residence provides nearly 2,100 square feet with a layout comparable in scale to a single-family home. The interior includes three bedrooms and three and a half bathrooms, separated bedroom suites, wide-plank white oak flooring, and an open arrangement connecting the living, dining, and kitchen areas. Contemporary systems, central air, modern finishes, and substantial storage are also featured.
A covered patio extends from the kitchen, while the fully fenced backyard adds a substantial private outdoor area for dining, recreation, or entertaining. The property includes one private parking space positioned at the rear. Located at 1319 Randolph Street NW in Washington, DC 20011, the residence is near neighborhood conveniences, parks, and major commuter routes.
A covered patio extends from the kitchen, while the fully fenced backyard adds a substantial private outdoor area for dining, recreation, or entertaining. The property includes one private parking space positioned at the rear. Located at 1319 Randolph Street NW in Washington, DC 20011, the residence is near neighborhood conveniences, parks, and major commuter routes.
Key Highlights
- Nearly 2,100 square feet with three bedrooms and three and a half bathrooms
- Multi‑level condominium layout with separated bedroom suites
- Open living, dining, and kitchen configuration with wide‑plank white oak flooring
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
$33,424
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
4.46%
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%
$668,480
$668.5K
Cap Rate 7%
$477,486
$477.5K
Cap Rate 9%
$371,378
$371.4K
Market Conditions
NOI Build-Up for 2,100 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
$64.5K $30.72/SF
− Vacancy
−$3.7K −$1.78/SF
EGI
$60.8K $28.94/SF
− OpEx
−$27.3K −$13.02/SF
NOI
$33.4K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /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%
$668,480
Cap Rate 7%
$477,486
Cap Rate 9%
$371,378
Alternative Uses
Best Use
Apartment 5plus
$477.5K
$417.8K – $557.1K
NOI $33,424 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.7K – $1.26M
NOI $75,896 @ 7.0% cap · market cap 10.12%
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
2,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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 - Multi-level condominium residence with private outdoor space, contemporary systems, central air, and rear parking.
Where is this residential income property located?
The property is located at 1319 RANDOLPH STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Nearly 2,100 square feet with three bedrooms and three and a half bathrooms; Multi‑level condominium layout with separated bedroom suites; Open living, dining, and kitchen configuration with wide‑plank white oak flooring
