Residential Income
For Sale
$2,100,000
1512 10TH STREET NW, Washington, DC 20001
For sale multifamily property in Shaw and Logan Circle with access to two Metro lines and a commute to Downtown and Capitol Hill.
Property Size3,600 SF
Price / SF$583.33
Days on Market126
Property Features for 1512 10TH STREET NW
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$17,323
Building Details
Building Size
3,600 SF
Year Built
1916
Listing Agency:
BPG Real Estate
Listed By:
Cassidy R Burns · License #BR40000524
(540) 960-1507
Source:
Kerishull
Added: May 12
Changed: Sep 9
Last Checked: Sep 13 at 1:32PM
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 BPG Real Estate
Investment Insights
Based on property information with market context.
Located in Shaw and Logan Circle, 1512 10th St NW is a residential income/multifamily property in Washington, DC. The surrounding area is characterized by historic rowhouses and a thriving restaurant scene.
The property offers immediate access to two Metro lines, supporting convenient travel to Downtown, Capitol Hill, and NoMa.
The property offers immediate access to two Metro lines, supporting convenient travel to Downtown, Capitol Hill, and NoMa.
Key Highlights
- Multifamily property built in 1916
- Located in Shaw and Logan Circle in Washington, DC
- On‑site access to two Metro lines and a short commute to Downtown and Capitol Hill
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
$59,816
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%
$1,196,320
$1.2M
Cap Rate 7%
$854,514
$854.5K
Cap Rate 9%
$664,622
$664.6K
Market Conditions
NOI Build-Up for 3,600 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
$114.5K $31.80/SF
− Vacancy
−$5.7K −$1.59/SF
EGI
$108.8K $30.21/SF
− OpEx
−$48.9K −$13.59/SF
NOI
$59.8K $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%
$1,196,320
Cap Rate 7%
$854,514
Cap Rate 9%
$664,622
Alternative Uses
Best Use
Apartment 5plus
$854.5K
$747.7K – $996.9K
NOI $59,816 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,621 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,210
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property in Shaw and Logan Circle with access to two Metro lines and a commute to Downtown and Capitol Hill.
Where is this multifamily property located?
The property is located at 1512 10TH STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Multifamily property built in 1916; Located in Shaw and Logan Circle in Washington, DC; On‑site access to two Metro lines and a short commute to Downtown and Capitol Hill
