Renovated Studio Income
For Sale
$279,000
1711 MASSACHUSETTS AVENUE NW Unit 301, Washington, DC 20036
Studio layout with rooftop deck access, engineered hardwood flooring, and city views.
Property Size479 SF
Days on Market43
Property Features for 1711 MASSACHUSETTS AVENUE NW Unit 301
General Information
Standard status
Active
Size
479 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,405
Amenities
rooftop deck
Building Details
Building Size
479 SF
Year Built
1950
Listing Agency:
RE/MAX Galaxy
Listed By:
Khalida Kay Bajwa
(202) 978-4217
Source:
Kwcapitalproperties
Added: Aug 3
Changed: Sep 12
Last Checked: Sep 13 at 12:57PM
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 RE/MAX Galaxy
Investment Insights
Based on property information with market context.
Unit 632 is a renovated studio residential income property within a building constructed in 1950. Recent work includes red oak engineered hardwood flooring, fresh paint in the living and hallway areas, and removal of former bump-outs and a Murphy bed. These changes create a more open interior arrangement with natural light throughout the living space and views toward 17th Street.
The property is located at 1711 Massachusetts Avenue NW in Washington, DC. Residents have access to a rooftop deck with views over Massachusetts Avenue, providing an additional outdoor setting above the building. The address places the unit within the surrounding urban setting of central Washington, with museums, restaurants, and cafés identified nearby.
The property is located at 1711 Massachusetts Avenue NW in Washington, DC. Residents have access to a rooftop deck with views over Massachusetts Avenue, providing an additional outdoor setting above the building. The address places the unit within the surrounding urban setting of central Washington, with museums, restaurants, and cafés identified nearby.
Key Highlights
- Renovated studio in a 1950 building
- Red oak engineered hardwood flooring
- Freshly painted living and hallway spaces
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
$7,959
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
2.85%
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%
$159,180
$159.2K
Cap Rate 7%
$113,700
$113.7K
Cap Rate 9%
$88,433
$88.4K
Market Conditions
NOI Build-Up for 479 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
$15.2K $31.80/SF
− Vacancy
−$762 −$1.59/SF
EGI
$14.5K $30.21/SF
− OpEx
−$6.5K −$13.59/SF
NOI
$8.0K $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%
$159,180
Cap Rate 7%
$113,700
Cap Rate 9%
$88,433
Alternative Uses
Best Use
Apartment 5plus
$113.7K
$99.5K – $132.7K
NOI $7,959 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.4K
$215.6K – $287.5K
NOI $17,247 @ 7.0% cap · market cap 6.18%
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 - Studio layout with rooftop deck access, engineered hardwood flooring, and city views.
Where is this residential income property located?
The property is located at 1711 MASSACHUSETTS AVENUE NW Unit 301 Washington, DC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Renovated studio in a 1950 building; Red oak engineered hardwood flooring; Freshly painted living and hallway spaces
