Residential Income Property with
For Sale
$399,000
1515 11TH STREET NW Unit C-2, Washington, DC 20001
Open-concept residence with a private outdoor area, generous bedroom, and investor-friendly building policy.
Property Size780 SF
Days on Market193
Property Features for 1515 11TH STREET NW Unit C-2
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,177
Amenities
private patio
laundry room
high ceilings
hardwood floors
stainless steel appliances
stone countertops
walk-in closet
dual vanity bathroom
Building Details
Building Size
780 SF
Year Built
2008
Listing Agency:
Compass
Listed By:
Arielle Davis
(404) 323-0006
Source:
Kwcapitalproperties
Added: Mar 6
Changed: Sep 3
Last Checked: Sep 14 at 7:38AM
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 one-bedroom residential income property offers an open plan connecting the kitchen, dining area, and living room. Interior details include high ceilings, hardwood floors, stainless steel appliances, a large island, stone countertops, and substantial cabinet and counter storage. A separate laundry room includes a stackable washer and dryer, while the bathroom features dual vanities and an oversized shower. The bedroom accommodates a king-size bed and adds a walk-in closet and sitting area.
French doors lead from the bedroom to a private patio. The building was completed in 2008 and is identified as investor friendly and pet friendly. The property is across from Dog Daze and next to a coffee shop, with Logan Circle, Shaw Metro, Whole Foods, Giant, 14th Street restaurants, and Blagden Alley located within the surrounding area. Metro, bus, and bicycle options provide additional transportation access.
French doors lead from the bedroom to a private patio. The building was completed in 2008 and is identified as investor friendly and pet friendly. The property is across from Dog Daze and next to a coffee shop, with Logan Circle, Shaw Metro, Whole Foods, Giant, 14th Street restaurants, and Blagden Alley located within the surrounding area. Metro, bus, and bicycle options provide additional transportation access.
Key Highlights
- One‑bedroom layout with open kitchen, dining, and living areas
- Private patio accessed through French glass doors from the bedroom
- Large island, stone countertops, stainless steel appliances, and added storage
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
$12,960
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
3.25%
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%
$259,200
$259.2K
Cap Rate 7%
$185,143
$185.1K
Cap Rate 9%
$144,000
$144.0K
Market Conditions
NOI Build-Up for 780 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
$24.8K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.6K $30.21/SF
− OpEx
−$10.6K −$13.59/SF
NOI
$13.0K $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%
$259,200
Cap Rate 7%
$185,143
Cap Rate 9%
$144,000
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,084 @ 7.0% cap · market cap 7.04%
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
14,836
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 - Open-concept residence with a private outdoor area, generous bedroom, and investor-friendly building policy.
Where is this residential income property located?
The property is located at 1515 11TH STREET NW Unit C-2 Washington, DC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: One‑bedroom layout with open kitchen, dining, and living areas; Private patio accessed through French glass doors from the bedroom; Large island, stone countertops, stainless steel appliances, and added storage
