Corner Residential Income
For Sale
$404,900
1711 MASSACHUSETTS AVENUE NW Unit 228, Washington, DC 20036
Updated one-bedroom residence with loft-style character, abundant daylight, and access to extensive building amenities.
Property Size792 SF
Price / SF$511.24
Days on Market12
Property Features for 1711 MASSACHUSETTS AVENUE NW Unit 228
General Information
Standard status
Active
Size
792 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,629
Amenities
rooftop deck
24/7 staffed front desk
community room
laundry room
Building Details
Building Size
792 SF
Year Built
1950
Listing Agency:
Apex Home Realty
Listed By:
Samer Y. Makhlouf · License #BR40000070
(703) 675-6100
Source:
Kwcapitalproperties
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 13 at 11:17AM
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 Apex Home Realty
Investment Insights
Based on property information with market context.
This 792-square-foot corner residence is one of the larger one-bedroom layouts in the building. The home combines 10-foot ceilings, exposed brick, large windows, and views along the 17th Street NW corridor with an open living and dining arrangement. The remodeled kitchen includes granite counters, maple cabinetry, stainless-steel appliances, a French-door refrigerator, double-basin sink, and extended bar seating. The bedroom accommodates a king- or queen-size bed with additional furnishings, while built-in closets and a large linen closet provide substantial storage. The bathroom has updated tile, a contemporary vanity, newer toilet, and medicine cabinet. HVAC convector units in the living area and bedroom were replaced in June 2026.
Building amenities include a renovated rooftop deck with seating, grills, tables, a gazebo, and Washington Monument views. Residents also have access to a 24/7 staffed front desk, community room, and laundry room with updated washers and dryers. The property is near Whole Foods, Trader Joe’s, Safeway, CVS, restaurants, and nightlife, with Dupont Circle Metro and Farragut West Metro within walking distance. The condo fee covers all utilities except cable, internet, and phone.
Building amenities include a renovated rooftop deck with seating, grills, tables, a gazebo, and Washington Monument views. Residents also have access to a 24/7 staffed front desk, community room, and laundry room with updated washers and dryers. The property is near Whole Foods, Trader Joe’s, Safeway, CVS, restaurants, and nightlife, with Dupont Circle Metro and Farragut West Metro within walking distance. The condo fee covers all utilities except cable, internet, and phone.
Key Highlights
- 792‑square‑foot corner one‑bedroom residence with 10‑foot ceilings and exposed brick
- Remodeled kitchen with granite counters, maple cabinetry, stainless‑steel appliances, and extended bar area
- HVAC convector units in the living area and bedroom replaced in June 2026
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
$13,159
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%
$263,180
$263.2K
Cap Rate 7%
$187,986
$188.0K
Cap Rate 9%
$146,211
$146.2K
Market Conditions
NOI Build-Up for 792 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
$25.2K $31.80/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$23.9K $30.21/SF
− OpEx
−$10.8K −$13.59/SF
NOI
$13.2K $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%
$263,180
Cap Rate 7%
$187,986
Cap Rate 9%
$146,211
Alternative Uses
Best Use
Apartment 5plus
$188.0K
$164.5K – $219.3K
NOI $13,159 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,517 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 20036, DC
6,109
Population
4,383
Households
1.4
Avg Household Size
33
Median Age
95%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
20,363
Density / Sq Mi
$105,800
Median Household Income
$98,527
Median Earnings
$2,301
Median Rent
$442,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom residence with loft-style character, abundant daylight, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 1711 MASSACHUSETTS AVENUE NW Unit 228 Washington, DC.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: 792‑square‑foot corner one‑bedroom residence with 10‑foot ceilings and exposed brick; Remodeled kitchen with granite counters, maple cabinetry, stainless‑steel appliances, and extended bar area; HVAC convector units in the living area and bedroom replaced in June 2026
