Penthouse Residential Income
New
For Sale
$395,000
1325 18TH STREET NW Unit 1007, Washington, DC 20036
High-level residence with private balcony, upgraded kitchen finishes, rooftop pool access, and on-site laundry.
Property Size721 SF
Days on Market6
Property Features for 1325 18TH STREET NW Unit 1007
General Information
Standard status
Active
Size
721 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,621
Amenities
rooftop pool
on-site laundry
Building Details
Building Size
721 SF
Year Built
1974
Listing Agency:
Compass
Listed By:
Steven W Lew · License #SP98379928
(202) 369-2301
Source:
Kwcapitalproperties
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 1:17PM
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 Compass
Investment Insights
Based on property information with market context.
This penthouse residence at The Palladium presents a spacious living and dining setting with a built-in dry bar and glass-door access to a private balcony. The kitchen combines stainless steel appliances with marble countertops. An oversized bedroom includes a walk-in closet and an ensuite bath, creating a distinct separation between entertaining and private space.
Building amenities include a rooftop pool and on-site laundry facilities. The property is near the Dupont Circle fountain, dining, boutiques, and Metro access. Built in 1974, the residence is located at 1325 18th Street NW, Unit 1007, in Washington, DC 20036.
Building amenities include a rooftop pool and on-site laundry facilities. The property is near the Dupont Circle fountain, dining, boutiques, and Metro access. Built in 1974, the residence is located at 1325 18th Street NW, Unit 1007, in Washington, DC 20036.
Key Highlights
- Penthouse residence at The Palladium
- Private balcony accessed from the living and dining area
- Kitchen with stainless steel appliances and marble countertops
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
3.03%
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 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.9K
$324.5K – $432.7K
NOI $25,960 @ 7.0% cap · market cap 6.57%
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
27,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 20036, DC
6,109
Population
4,383
Households
1.4
Avg Household Size
33
Median Age
95%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
20,363
Density / Sq Mi
$105,800
Median Household Income
$98,527
Median Earnings
$2,301
Median Rent
$442,400
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 - High-level residence with private balcony, upgraded kitchen finishes, rooftop pool access, and on-site laundry.
Where is this residential income property located?
The property is located at 1325 18TH STREET NW Unit 1007 Washington, DC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Penthouse residence at The Palladium; Private balcony accessed from the living and dining area; Kitchen with stainless steel appliances and marble countertops
