One-Bedroom Residential Income
For Sale
$329,900
1601 18TH STREET NW Unit 301, Washington, DC 20009
Updated condominium residence with full-service building amenities, abundant storage, and roof-deck access.
Property Size482 SF
Days on Market28
Property Features for 1601 18TH STREET NW Unit 301
General Information
Standard status
Active
Size
482 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,105
Building Details
Building Size
482 SF
Year Built
1962
Listing Agency:
Keller Williams Capital Properties
(202) 841-4312
Listed By:
Brenda C Small · License #AB98368076
(202) 841-4312
Source:
Kwcapitalproperties
Added: Jul 26
Changed: Aug 20
Last Checked: Aug 22 at 10:21AM
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 one-bedroom, one-bath condominium residence offers abundant natural light, an updated kitchen and bathroom, freshly painted interiors, and plentiful closet and storage space. The unit is located in the Imperial House, a well-maintained, full-service condominium building constructed in 1962. Building amenities include a roof deck with panoramic views, exercise center, 24-hour concierge, welcoming lobby, elevator, accessibility ramp access, laundry room, and bike storage. All utilities are included in the monthly condo fee.
The property is two blocks from Dupont Circle Metro and Dupont Circle Plaza. The surrounding area includes restaurants, shops, public spaces, a dog park, museums, monuments, a farmers market, and Embassy Row. The residence is also within reach of U Street, Adams Morgan, Georgetown, and the National Mall. Solar panels have been installed, and building improvements have been budgeted.
The property is two blocks from Dupont Circle Metro and Dupont Circle Plaza. The surrounding area includes restaurants, shops, public spaces, a dog park, museums, monuments, a farmers market, and Embassy Row. The residence is also within reach of U Street, Adams Morgan, Georgetown, and the National Mall. Solar panels have been installed, and building improvements have been budgeted.
Key Highlights
- One‑bedroom, one‑bath condominium residence with updated kitchen and bathroom
- Located in Imperial House, a full‑service condominium building built in 1962
- Two blocks from Dupont Circle Metro and Dupont Circle Plaza
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
$9,380
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
2.84%
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%
$187,600
$187.6K
Cap Rate 7%
$134,000
$134.0K
Cap Rate 9%
$104,222
$104.2K
Market Conditions
NOI Build-Up for 482 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
$18.1K $37.56/SF
− Vacancy
−$1.1K −$2.18/SF
EGI
$17.1K $35.38/SF
− OpEx
−$7.7K −$15.92/SF
NOI
$9.4K $19.46/SF
Area
ZIP 20009
Vacancy
5.80%
Lease Rate
$37.56 /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%
$187,600
Cap Rate 7%
$134,000
Cap Rate 9%
$104,222
Alternative Uses
Best Use
Apartment 5plus
$134.0K
$117.3K – $156.3K
NOI $9,380 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with full-service building amenities, abundant storage, and roof-deck access.
Where is this residential income property located?
The property is located at 1601 18TH STREET NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium residence with updated kitchen and bathroom; Located in Imperial House, a full‑service condominium building built in 1962; Two blocks from Dupont Circle Metro and Dupont Circle Plaza
