Two-Bedroom Condo with Private
For Sale
$639,888
1321 EUCLID STREET NW Unit T1, Washington, DC 20009
Two-bedroom, 2.5-bath home in a pet-friendly condo with gated entrance and en-suite bedrooms.
Property Size1,352 SF
Days on Market58
Property Features for 1321 EUCLID STREET NW Unit T1
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,044
Amenities
private gated entrance
private outdoor patios
pet-friendly building
in-unit washer and dryer
Building Details
Building Size
1,352 SF
Year Built
1960
Listing Agency:
Serhant
(240) 246-3690
Listed By:
Joshua K Warner
(240) 246-3690
Source:
Kwcapitalproperties
Added: Jun 26
Changed: Aug 20
Last Checked: Aug 22 at 12:00PM
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.
1321 Euclid Street NW Unit T1 is a freshly painted two-bedroom, two-and-a-half-bath residence with over 1,300 sq ft of living space. The home features a private gated entrance and two private outdoor patios for morning coffee, al fresco dining, entertaining, or relaxing with pets. Each spacious bedroom includes its own en-suite bathroom, and there is also a convenient powder room for the main living area.
The home is presented as move-in ready and is described as meticulously maintained with multiple recent updates, including a new water heater (2026), new dishwasher (2026), washer and dryer (2022), and refrigerator (2018). Built in 1960, the residence is located in a pet-friendly building and positioned near Metro, neighborhood restaurants and cafes, shopping, and parks—placing everyday amenities within easy reach.
The home is presented as move-in ready and is described as meticulously maintained with multiple recent updates, including a new water heater (2026), new dishwasher (2026), washer and dryer (2022), and refrigerator (2018). Built in 1960, the residence is located in a pet-friendly building and positioned near Metro, neighborhood restaurants and cafes, shopping, and parks—placing everyday amenities within easy reach.
Key Highlights
- Over 1,300 sq ft two‑bedroom, two‑and‑a‑half‑bath condo residence
- Private gated entrance plus two private outdoor patios
- Each bedroom has an en‑suite bathroom plus a powder room
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
$26,310
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
4.11%
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%
$526,200
$526.2K
Cap Rate 7%
$375,857
$375.9K
Cap Rate 9%
$292,333
$292.3K
Market Conditions
NOI Build-Up for 1,352 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
$50.8K $37.56/SF
− Vacancy
−$2.9K −$2.18/SF
EGI
$47.8K $35.38/SF
− OpEx
−$21.5K −$15.92/SF
NOI
$26.3K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /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%
$526,200
Cap Rate 7%
$375,857
Cap Rate 9%
$292,333
Alternative Uses
Best Use
Apartment 5plus
$375.9K
$328.9K – $438.5K
NOI $26,310 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 7.61%
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
5,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, 2.5-bath home in a pet-friendly condo with gated entrance and en-suite bedrooms.
Where is this residential income property located?
The property is located at 1321 EUCLID STREET NW Unit T1 Washington, DC.
What is the asking price?
The asking price for this property is $639,888.
What are key features of this property?
This property features: Over 1,300 sq ft two‑bedroom, two‑and‑a‑half‑bath condo residence; Private gated entrance plus two private outdoor patios; Each bedroom has an en‑suite bathroom plus a powder room
