Renovated Residential Income
For Sale
$559,000
1750 S STREET NW Unit 1, Washington, DC 20009
Renovated condominium with a den, fireplace, private patio, and integrated washer and dryer.
Property Size880 SF
Days on Market198
Property Features for 1750 S STREET NW Unit 1
General Information
Standard status
Active
Size
880 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA + den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,916
Amenities
wood-burning fireplace
gourmet kitchen
central island with breakfast bar
high-end stainless steel appliances
hardwood floors
skylight
private brick patio/terrace
washer and dryer
Building Details
Building Size
880 SF
Year Built
1910
Listing Agency:
Realty Network, Inc.
Listed By:
Sabine S Grewe · License #SP98365412
(301) 951-0581
Source:
Kwcapitalproperties
Added: Mar 1
Changed: Sep 11
Last Checked: Sep 14 at 11:07AM
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 Realty Network, Inc.
Investment Insights
Based on property information with market context.
This residential income property is a renovated English basement condominium with 1 bedroom, 1 bathroom, and an additional den or office. The interior includes a living room with a wood-burning fireplace, hardwood flooring, and an entry skylight. The kitchen is arranged around a central island with breakfast-bar seating and includes stainless steel appliances. A private brick patio or terrace extends the usable space, while an integrated washer and dryer provide in-unit laundry convenience.
Built in 1910, the property is located at 1750 S Street NW, Unit 1, in Washington, DC, just off New Hampshire Ave. Its residential layout combines dedicated living, kitchen, workspace, and outdoor areas within a renovated condominium setting.
Built in 1910, the property is located at 1750 S Street NW, Unit 1, in Washington, DC, just off New Hampshire Ave. Its residential layout combines dedicated living, kitchen, workspace, and outdoor areas within a renovated condominium setting.
Key Highlights
- Renovated English basement condominium with 1 bedroom, 1 bathroom, and an additional den or office
- Living room features a wood‑burning fireplace and hardwood floors
- Kitchen includes a central island, breakfast bar, and stainless steel appliances
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
$17,125
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
3.06%
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%
$342,500
$342.5K
Cap Rate 7%
$244,643
$244.6K
Cap Rate 9%
$190,278
$190.3K
Market Conditions
NOI Build-Up for 880 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
$33.1K $37.56/SF
− Vacancy
−$1.9K −$2.18/SF
EGI
$31.1K $35.38/SF
− OpEx
−$14.0K −$15.92/SF
NOI
$17.1K $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%
$342,500
Cap Rate 7%
$244,643
Cap Rate 9%
$190,278
Alternative Uses
Best Use
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 5.67%
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
6,041
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 - Renovated condominium with a den, fireplace, private patio, and integrated washer and dryer.
Where is this residential income property located?
The property is located at 1750 S STREET NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Renovated English basement condominium with 1 bedroom, 1 bathroom, and an additional den or office; Living room features a wood‑burning fireplace and hardwood floors; Kitchen includes a central island, breakfast bar, and stainless steel appliances
