Two-Bedroom Residential Income
For Sale
$350,000
1332 BRYANT STREET NE Unit 3, Washington, DC 20018
Condominium unit with skylights, central heat and air, and assigned parking.
Property Size721 SF
Days on Market695
Property Features for 1332 BRYANT STREET NE Unit 3
General Information
Standard status
Active
Size
721 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,111
Building Details
Building Size
721 SF
Year Built
1941
Listing Agency:
EXP Realty, LLC
(703) 688-2635
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Kwcapitalproperties
Added: Sep 27, 2024
Changed: Aug 21
Last Checked: Aug 22 at 11:22AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom condominium unit combines practical residential features with updated interior finishes. The living area includes adjustable bookshelves and skylights, while the kitchen is equipped with high-end appliances, a modern stove hood, and a multidimensional backsplash. Both bedrooms receive natural light and include closet storage solutions.
The bathroom features a double vanity with vessel sinks, a glossy countertop, a textured backsplash, and a glass-enclosed shower with an overhead rain shower. Central heat and air provide year-round climate control, and the property includes one assigned parking spot. The condo is located near Union Market, grocery stores, entertainment, and public transportation. A bus stop and Metro station are less than a mile away, while the airport is less than 10 miles from the property.
The bathroom features a double vanity with vessel sinks, a glossy countertop, a textured backsplash, and a glass-enclosed shower with an overhead rain shower. Central heat and air provide year-round climate control, and the property includes one assigned parking spot. The condo is located near Union Market, grocery stores, entertainment, and public transportation. A bus stop and Metro station are less than a mile away, while the airport is less than 10 miles from the property.
Key Highlights
- Two‑bedroom, one‑bathroom condominium unit
- Built in 1941
- Skylights and adjustable bookshelves 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
$11,980
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
3.42%
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%
$239,600
$239.6K
Cap Rate 7%
$171,143
$171.1K
Cap Rate 9%
$133,111
$133.1K
Market Conditions
NOI Build-Up for 721 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
$22.9K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.8K $30.21/SF
− OpEx
−$9.8K −$13.59/SF
NOI
$12.0K $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%
$239,600
Cap Rate 7%
$171,143
Cap Rate 9%
$133,111
Alternative Uses
Best Use
Apartment 5plus
$171.1K
$149.8K – $199.7K
NOI $11,980 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.9K
$324.5K – $432.7K
NOI $25,960 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium unit with skylights, central heat and air, and assigned parking.
Where is this residential income property located?
The property is located at 1332 BRYANT STREET NE Unit 3 Washington, DC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium unit; Built in 1941; Skylights and adjustable bookshelves in the living area
