Updated Three-Bedroom, Two-Bath
For Sale
$859,000
1413 5TH STREET NW Unit 200, Washington, DC 20001
Second-floor, updated three-bedroom, two-bath home with bright interior, updated HVAC and appliances, plus a dedicated parking space.
Property Size1,475 SF
Price / SF$582.37
Days on Market32
Property Features for 1413 5TH STREET NW Unit 200
General Information
Standard status
Active
Size
1,475 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,149
Building Details
Building Size
1,475 SF
Year Built
1900
Listing Agency:
TTR Sotheby's International Realty
(443) 944-3813
Listed By:
Jacob Gaddis
(443) 944-3813
Source:
Kwcapitalproperties
Added: Jul 23
Changed: Aug 20
Last Checked: Aug 23 at 8:34AM
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.
Welcome to this updated second-floor three-bedroom, two-bath residence at 1413 5th St NW Unit 200. The home offers 1,475 square feet of bright, modern living space with a layout designed for comfortable day-to-day living.
The property includes a dedicated parking space, and features updated appliances and an updated HVAC system. Built in 1900, the home is positioned for convenience in Northwest DC, with nearby neighborhood restaurants, shops, parks, and Metro access.
If you’re looking for an updated home with thoughtful mechanical upgrades and an efficient in-city location, this residence provides a practical option with key day-to-day amenities already in place.
The property includes a dedicated parking space, and features updated appliances and an updated HVAC system. Built in 1900, the home is positioned for convenience in Northwest DC, with nearby neighborhood restaurants, shops, parks, and Metro access.
If you’re looking for an updated home with thoughtful mechanical upgrades and an efficient in-city location, this residence provides a practical option with key day-to-day amenities already in place.
Key Highlights
- Second‑floor three‑bedroom, two‑bath residence
- 1,475 square feet of updated living space
- Dedicated parking space 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
$24,508
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
2.85%
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%
$490,160
$490.2K
Cap Rate 7%
$350,114
$350.1K
Cap Rate 9%
$272,311
$272.3K
Market Conditions
NOI Build-Up for 1,475 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
$46.9K $31.80/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$44.6K $30.21/SF
− OpEx
−$20.1K −$13.59/SF
NOI
$24.5K $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%
$490,160
Cap Rate 7%
$350,114
Cap Rate 9%
$272,311
Alternative Uses
Best Use
Apartment 5plus
$350.1K
$306.4K – $408.5K
NOI $24,508 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.7K
$663.9K – $885.1K
NOI $53,108 @ 7.0% cap · market cap 6.18%
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
5,658
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 - Second-floor, updated three-bedroom, two-bath home with bright interior, updated HVAC and appliances, plus a dedicated parking space.
Where is this residential income property located?
The property is located at 1413 5TH STREET NW Unit 200 Washington, DC.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Second‑floor three‑bedroom, two‑bath residence; 1,475 square feet of updated living space; Dedicated parking space included
