Updated Residential Income
For Sale
$547,900
14 O STREET NW Unit 14-B, Washington, DC 20001
Second-level urban residence with private entry, off-street parking, flexible bedroom space, and in-unit full-sized laundry.
Property Size1,090 SF
Days on Market222
Property Features for 14 O STREET NW Unit 14-B
General Information
Standard status
Active
Size
1,090 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,665
Amenities
private entrance
in-unit laundry
fireplace
Building Details
Building Size
1,090 SF
Year Built
1907
Construction
townhouse-style
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Katherine Geffken · License #SP98375268
(202) 360-7625
Source:
Kwcapitalproperties
Added: Feb 5
Changed: Sep 5
Last Checked: Sep 14 at 10:42AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This second-level, townhouse-style residential income property has a private entrance and a dedicated off-street parking space. The open-concept interior features soaring ceilings, natural light, a ventless fireplace, designer light fixtures, and kitchen improvements including a backsplash and high-end oven with air fry. An oversized primary suite includes a large walk-in closet, while the second bedroom has a full wall of closets that can support bedroom or office use. The home also offers substantial storage, in-unit full-sized laundry, a new water heater, and a brand new HVAC system.
Built in 1907, the property is located in Washington, DC, within walking distance of Big Bear Cafe and The Pub & The People. NoMa, Shaw, and Mount Vernon Triangle provide additional restaurants, shopping, and gyms. Dedicated bike lanes on Q and R streets, Metro access at NoMa and Shaw, and a 10-minute drive to DCA connect the property to broader Washington.
Built in 1907, the property is located in Washington, DC, within walking distance of Big Bear Cafe and The Pub & The People. NoMa, Shaw, and Mount Vernon Triangle provide additional restaurants, shopping, and gyms. Dedicated bike lanes on Q and R streets, Metro access at NoMa and Shaw, and a 10-minute drive to DCA connect the property to broader Washington.
Key Highlights
- Private entrance with dedicated off‑street parking space
- Second‑level townhouse‑style home with open‑concept living
- Oversized primary suite with large walk‑in closet
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
$18,111
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
3.31%
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%
$362,220
$362.2K
Cap Rate 7%
$258,729
$258.7K
Cap Rate 9%
$201,233
$201.2K
Market Conditions
NOI Build-Up for 1,090 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
$34.7K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.9K $30.21/SF
− OpEx
−$14.8K −$13.59/SF
NOI
$18.1K $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%
$362,220
Cap Rate 7%
$258,729
Cap Rate 9%
$201,233
Alternative Uses
Best Use
Apartment 5plus
$258.7K
$226.4K – $301.9K
NOI $18,111 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.7K
$490.6K – $654.1K
NOI $39,246 @ 7.0% cap · market cap 7.16%
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
3,537
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-level urban residence with private entry, off-street parking, flexible bedroom space, and in-unit full-sized laundry.
Where is this residential income property located?
The property is located at 14 O STREET NW Unit 14-B Washington, DC.
What is the asking price?
The asking price for this property is $547,900.
What are key features of this property?
This property features: Private entrance with dedicated off‑street parking space; Second‑level townhouse‑style home with open‑concept living; Oversized primary suite with large walk‑in closet
