One-Bedroom Plus Den Condo with
For Sale
$729,000
1700 KALORAMA ROAD NW Unit 203, Washington, DC 20009
Spacious one-bedroom-plus-den, two-bath condo with private balcony, deeded garage parking, and a boutique secure building.
Property Size1,084 SF
Price / SF$672.51
Days on Market40
Property Features for 1700 KALORAMA ROAD NW Unit 203
General Information
Standard status
Active
Size
1,084 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,821
Building Details
Building Size
1,084 SF
Year Built
1918
Listing Agency:
Allfirst Realty, Inc.
(410) 963-3191
Listed By:
Alex B Fox · License #BR98379331
(410) 963-3191
Source:
Kerishull
Added: Jul 9
Changed: Aug 15
Last Checked: Aug 16 at 3:50PM
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 Allfirst Realty, Inc.
Investment Insights
Based on property information with market context.
This condo offers a one-bedroom-plus-den layout with two full baths and an open-concept living and dining design. The interior features rich hardwood floors and soaring ceilings, with a gourmet kitchen that includes granite countertops, generous cabinetry, and Thermador appliances. A large breakfast bar supports everyday entertaining, while the den can flex as a home office, guest area, or media room. The oversized bedroom and thoughtfully designed finishes round out the home’s comfortable, refined feel. A private balcony and deeded garage parking complete the residence.
The unit is located at 1700 Kalorama Road NW (Unit 203) in a boutique, secure building. The building’s year built is 1918, and the condo comprises 1,084 SF.
Designed for modern city living, the space combines flexible rooming with updated kitchen amenities and direct access to outdoor space via the private balcony, supported by deeded garage parking for day-to-day convenience.
The unit is located at 1700 Kalorama Road NW (Unit 203) in a boutique, secure building. The building’s year built is 1918, and the condo comprises 1,084 SF.
Designed for modern city living, the space combines flexible rooming with updated kitchen amenities and direct access to outdoor space via the private balcony, supported by deeded garage parking for day-to-day convenience.
Key Highlights
- One‑bedroom plus den condo with two full baths
- Private balcony for outdoor living
- Deeded garage parking 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
$21,094
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
2.89%
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%
$421,880
$421.9K
Cap Rate 7%
$301,343
$301.3K
Cap Rate 9%
$234,378
$234.4K
Market Conditions
NOI Build-Up for 1,084 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
$40.7K $37.56/SF
− Vacancy
−$2.4K −$2.18/SF
EGI
$38.4K $35.38/SF
− OpEx
−$17.3K −$15.92/SF
NOI
$21.1K $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%
$421,880
Cap Rate 7%
$301,343
Cap Rate 9%
$234,378
Alternative Uses
Best Use
Apartment 5plus
$301.3K
$263.7K – $351.6K
NOI $21,094 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.6K
$487.9K – $650.5K
NOI $39,030 @ 7.0% cap · market cap 5.35%
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
5,109
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 - Spacious one-bedroom-plus-den, two-bath condo with private balcony, deeded garage parking, and a boutique secure building.
Where is this residential income property located?
The property is located at 1700 KALORAMA ROAD NW Unit 203 Washington, DC.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: One‑bedroom plus den condo with two full baths; Private balcony for outdoor living; Deeded garage parking included
