Updated Residential Income
For Sale
$449,000
77 U STREET NW Unit 2, Washington, DC 20001
Two-bedroom unit with private entrances, outdoor access, and a renovated kitchen with stainless appliances.
Property Size887 SF
Days on Market881
Property Features for 77 U STREET NW Unit 2
General Information
Standard status
Active
Size
887 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,516
Amenities
in-unit washer/dryer
hardwood floors
stainless steel appliances
private outdoor space
solar panels
Building Details
Building Size
887 SF
Year Built
1906
Listing Agency:
RLAH @properties
Listed By:
David Bediz · License #SP98361002
(202) 352-8456
Source:
Kwcapitalproperties
Added: Apr 11, 2024
Changed: Sep 4
Last Checked: Sep 8 at 9:27AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Unit 2 is a two-bedroom, one-and-a-half-bath residential income property with an open interior, hardwood flooring, tall ceilings, recessed lighting, and built-in living room shelving. The layout also includes additional storage, a designated home office area, two private entrances, and access to private outdoor space at the rear. The kitchen has been updated with stainless steel appliances, upgraded countertops, and white cabinetry. In-unit laundry adds day-to-day convenience, while the unit includes two spacious bedrooms, a full bathroom, and a powder room.
The building was constructed in 1906 and is equipped with owned solar panels. The roof was replaced in 2016, the air conditioner serving Unit 2 was replaced in 2022, and the washer and dryer were replaced in 2020. The property backs to Crispus Attucks Park and is near The Red Hen, Big Bear Cafe, and DCity Smokehouse.
The building was constructed in 1906 and is equipped with owned solar panels. The roof was replaced in 2016, the air conditioner serving Unit 2 was replaced in 2022, and the washer and dryer were replaced in 2020. The property backs to Crispus Attucks Park and is near The Red Hen, Big Bear Cafe, and DCity Smokehouse.
Key Highlights
- Two‑bedroom, 1.5‑bath unit with an open floor plan
- Updated kitchen with stainless appliances, upgraded countertops, and white cabinets
- Two private entrances with access to private outdoor space
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
$14,738
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
3.28%
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%
$294,760
$294.8K
Cap Rate 7%
$210,543
$210.5K
Cap Rate 9%
$163,756
$163.8K
Market Conditions
NOI Build-Up for 887 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
$28.2K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.8K $30.21/SF
− OpEx
−$12.1K −$13.59/SF
NOI
$14.7K $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%
$294,760
Cap Rate 7%
$210,543
Cap Rate 9%
$163,756
Alternative Uses
Best Use
Apartment 5plus
$210.5K
$184.2K – $245.6K
NOI $14,738 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.2K
$399.2K – $532.3K
NOI $31,937 @ 7.0% cap · market cap 7.11%
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
2,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom unit with private entrances, outdoor access, and a renovated kitchen with stainless appliances.
Where is this residential income property located?
The property is located at 77 U STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑bedroom, 1.5‑bath unit with an open floor plan; Updated kitchen with stainless appliances, upgraded countertops, and white cabinets; Two private entrances with access to private outdoor space
