Loft-Style Residential Income
For Sale
$675,000
1700 KALORAMA ROAD NW Unit 207, Washington, DC 20009
Loft-style residence with upgraded interiors, two full baths, and secure garage parking in Northwest DC.
Property Size1,112 SF
Days on Market34
Property Features for 1700 KALORAMA ROAD NW Unit 207
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,933
Building Details
Building Size
1,112 SF
Year Built
1918
Listing Agency:
TTR Sotheby's International Realty
(202) 212-9304
Listed By:
NESANET ALEMAYHU · License #SP200201125
(202) 212-9304
Source:
Kwcapitalproperties
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 8 at 9:39AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This loft-style residence at 1700 Kalorama Road NW, Unit 207, offers over 1,000 square feet with one bedroom and two full baths. Modern upgrades are incorporated throughout, while secure garage parking adds a practical amenity. The property is part of the boutique 1700 Kalorama Lofts, a building originally constructed in 1918.
The residence is in Washington, DC, near Adams Morgan, Dupont Circle, and Columbia Heights. Its configuration combines open loft character with a one-bedroom layout and dedicated garage parking, offering a distinctive residential format within the city.
The residence is in Washington, DC, near Adams Morgan, Dupont Circle, and Columbia Heights. Its configuration combines open loft character with a one-bedroom layout and dedicated garage parking, offering a distinctive residential format within the city.
Key Highlights
- Over 1,000 square feet with one bedroom and two full baths
- Loft‑style residence in the boutique 1700 Kalorama Lofts
- Modern upgrades throughout 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
$21,639
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
3.21%
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%
$432,780
$432.8K
Cap Rate 7%
$309,129
$309.1K
Cap Rate 9%
$240,433
$240.4K
Market Conditions
NOI Build-Up for 1,112 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
$41.8K $37.56/SF
− Vacancy
−$2.4K −$2.18/SF
EGI
$39.3K $35.38/SF
− OpEx
−$17.7K −$15.92/SF
NOI
$21.6K $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%
$432,780
Cap Rate 7%
$309,129
Cap Rate 9%
$240,433
Alternative Uses
Best Use
Apartment 5plus
$309.1K
$270.5K – $360.7K
NOI $21,639 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.0K
$500.5K – $667.3K
NOI $40,038 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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 - Loft-style residence with upgraded interiors, two full baths, and secure garage parking in Northwest DC.
Where is this residential income property located?
The property is located at 1700 KALORAMA ROAD NW Unit 207 Washington, DC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Over 1,000 square feet with one bedroom and two full baths; Loft‑style residence in the boutique 1700 Kalorama Lofts; Modern upgrades throughout the residence
