Two-Bedroom Income
For Sale
$487,000
157 FLEET STREET Unit 304, Oxon Hill, MD 20745
Open-concept residence with private balconies, ensuite baths, and convenient garage parking.
Property Size1,140 SF
Price / SF$427.19
Days on Market64
Property Features for 157 FLEET STREET Unit 304
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,899
Building Details
Building Size
1,140 SF
Year Built
2009
Listing Agency:
Keller Williams Capital Properties
(202) 953-0777
Listed By:
Russell Carter · License #659292
(202) 953-0777
Source:
Kerishull
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 5:38PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This 1,140-square-foot residential income property was built in 2009 and offers a two-bedroom, two-bath layout within an open-concept living area. The kitchen connects directly with the living and dining spaces, while natural light extends throughout the interior. Both bedrooms include ensuite bathrooms, and the residence features two private balconies. Two garage parking spaces are included.
The property is located in National Harbor with walkable access to waterfront dining, shopping, entertainment, and Potomac River views. Its setting also provides access to Washington, DC, Alexandria, and major highways. The layout includes a primary suite, a second bedroom suited to guests or office use, and generous closet space.
The property is located in National Harbor with walkable access to waterfront dining, shopping, entertainment, and Potomac River views. Its setting also provides access to Washington, DC, Alexandria, and major highways. The layout includes a primary suite, a second bedroom suited to guests or office use, and generous closet space.
Key Highlights
- 1,140 SF residential income property built in 2009
- Two‑bedroom, two‑bath layout with ensuite bathrooms
- Two private balconies connected to the residence
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
$15,347
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
3.15%
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%
$306,940
$306.9K
Cap Rate 7%
$219,243
$219.2K
Cap Rate 9%
$170,522
$170.5K
Market Conditions
NOI Build-Up for 1,140 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
$29.7K $26.04/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$27.9K $24.48/SF
− OpEx
−$12.6K −$11.01/SF
NOI
$15.3K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /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%
$306,940
Cap Rate 7%
$219,243
Cap Rate 9%
$170,522
Alternative Uses
Best Use
Apartment 5plus
$219.2K
$191.8K – $255.8K
NOI $15,347 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$367.8K
$321.8K – $429.1K
NOI $25,743 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 20745, MD
32,024
Population
13,124
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
4,927
Density / Sq Mi
$80,649
Median Household Income
$47,435
Median Earnings
$1,564
Median Rent
$351,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept residence with private balconies, ensuite baths, and convenient garage parking.
Where is this residential income property located?
The property is located at 157 FLEET STREET Unit 304 Oxon Hill, MD.
What is the asking price?
The asking price for this property is $487,000.
What are key features of this property?
This property features: 1,140 SF residential income property built in 2009; Two‑bedroom, two‑bath layout with ensuite bathrooms; Two private balconies connected to the residence
