Residential Income Property with
New
For Sale
$389,900
1391 PENNSYLVANIA AVENUE SE Unit 430, Washington, DC 20003
One-bedroom residential income property with private outdoor space, updated kitchen finishes, and access to extensive building amenities.
Property Size684 SF
Days on Market5
Property Features for 1391 PENNSYLVANIA AVENUE SE Unit 430
General Information
Standard status
Active
Size
684 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BD/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,836
Amenities
private balcony
custom designed walk-in closet
wood floors
open kitchen with granite counters
breakfast bar
stainless steel appliances
3 rooftop terraces
beautiful center courtyard
24-hour concierge
fitness center
club room with pool table and shuffleboard
Building Details
Building Size
684 SF
Year Built
2007
Listing Agency:
Compass
Listed By:
John M Barry Jr. · License #SP98361532
(703) 517-7492
Source:
Kwcapitalproperties
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 10:23AM
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 2007 residential income property is configured as a one-bedroom, one-bath condominium with an open interior layout, wood flooring, and a private balcony facing the courtyard. The kitchen includes granite countertops, a breakfast bar, stainless steel appliances, and substantial cabinetry. Additional features include a custom walk-in closet and garage parking.
Building amenities include three rooftop terraces, a central courtyard, fitness facilities, a club room with pool table and shuffleboard, and 24-hour concierge service. The property is located at 1391 Pennsylvania Avenue SE in Washington, DC, directly across from Metro, with Eastern Market, The Roost, Trusty's, grocery stores, restaurants, and shopping nearby.
Building amenities include three rooftop terraces, a central courtyard, fitness facilities, a club room with pool table and shuffleboard, and 24-hour concierge service. The property is located at 1391 Pennsylvania Avenue SE in Washington, DC, directly across from Metro, with Eastern Market, The Roost, Trusty's, grocery stores, restaurants, and shopping nearby.
Key Highlights
- One‑bedroom, one‑bath condominium configuration
- Private balcony overlooking the courtyard
- Garage parking included
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
$11,365
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
2.91%
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%
$227,300
$227.3K
Cap Rate 7%
$162,357
$162.4K
Cap Rate 9%
$126,278
$126.3K
Market Conditions
NOI Build-Up for 684 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
$21.8K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.7K $30.21/SF
− OpEx
−$9.3K −$13.59/SF
NOI
$11.4K $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%
$227,300
Cap Rate 7%
$162,357
Cap Rate 9%
$126,278
Alternative Uses
Best Use
Apartment 5plus
$162.4K
$142.1K – $189.4K
NOI $11,365 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.8K
$307.9K – $410.5K
NOI $24,628 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residential income property with private outdoor space, updated kitchen finishes, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1391 PENNSYLVANIA AVENUE SE Unit 430 Washington, DC.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium configuration; Private balcony overlooking the courtyard; Garage parking included
