One-Bedroom Residential Income
New
For Sale
$425,000
1330 NEW HAMPSHIRE AVENUE NW Unit 1018, Washington, DC 20036
Tenth-floor condominium residence with rooftop pool access and utilities included in the condominium fee.
Property Size760 SF
Days on Market5
Property Features for 1330 NEW HAMPSHIRE AVENUE NW Unit 1018
General Information
Standard status
Active
Size
760 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,465
Amenities
heated rooftop pool
pet-friendly environment
Building Details
Building Size
760 SF
Year Built
1963
Listing Agency:
Washington Fine Properties ,LLC
Listed By:
Daryl Judy · License #AB699875
(202) 380-7219
Source:
Kwcapitalproperties
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 11:33AM
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 Washington Fine Properties ,LLC
Investment Insights
Based on property information with market context.
Unit 1018 is a one-bedroom condominium residence on the 10th floor of The Apolline, built in 1963. The foyer leads into an open kitchen, dining, and living area with expansive windows and city views. The bedroom includes a custom closet organization system, while the full bathroom provides additional storage.
Residents have access to a heated rooftop pool and a pet-friendly setting. The condominium fee includes all utilities. The property is in Dupont Circle, near restaurants, cafes, shops, parks, and the Dupont Circle Metro.
Residents have access to a heated rooftop pool and a pet-friendly setting. The condominium fee includes all utilities. The property is in Dupont Circle, near restaurants, cafes, shops, parks, and the Dupont Circle Metro.
Key Highlights
- One‑bedroom unit on the 10th floor of The Apolline
- Open kitchen, dining, and living area with expansive windows
- Bedroom closet includes a custom organization system
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
$12,628
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
2.97%
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%
$252,560
$252.6K
Cap Rate 7%
$180,400
$180.4K
Cap Rate 9%
$140,311
$140.3K
Market Conditions
NOI Build-Up for 760 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
$24.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.0K $30.21/SF
− OpEx
−$10.3K −$13.59/SF
NOI
$12.6K $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%
$252,560
Cap Rate 7%
$180,400
Cap Rate 9%
$140,311
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,628 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.9K
$342.1K – $456.1K
NOI $27,364 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,362
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenth-floor condominium residence with rooftop pool access and utilities included in the condominium fee.
Where is this residential income property located?
The property is located at 1330 NEW HAMPSHIRE AVENUE NW Unit 1018 Washington, DC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: One‑bedroom unit on the 10th floor of The Apolline; Open kitchen, dining, and living area with expansive windows; Bedroom closet includes a custom organization system
