Two-Level Residential Income
For Sale
$625,000
1810 CENTRAL PLACE NE Unit 1, Washington, DC 20002
New construction offers an open kitchen, dining, and lounge arrangement with in-unit laundry.
Property Size1,920 SF
Price / SF$325.52
Days on Market81
Property Features for 1810 CENTRAL PLACE NE Unit 1
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,525
Amenities
in-unit laundry
Building Details
Building Size
1,920 SF
Year Built
2025
Stories
2
Listing Agency:
TTR Sothebys International Realty
Listed By:
Dina V Shaminova
(202) 640-8415
Source:
Kwcapitalproperties
Added: Jun 25
Changed: Sep 10
Last Checked: Sep 13 at 12:17PM
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 Sothebys International Realty
Investment Insights
Based on property information with market context.
This newly constructed condominium residence spans two levels and includes 4 bedrooms, 4.5 baths, and approximately 1,920 square feet. The interior centers on an open configuration linking the kitchen, dining area, and lounge. Modern cabinetry, contrasting finishes, and a large island define the kitchen, while wide-plank flooring extends throughout the home. Sound-insulated oversized windows provide natural light and help create a quieter interior. Bedrooms are arranged across both floors, and the residence also includes contemporary bathrooms and in-unit laundry.
The property is in Ivy City, surrounded by restaurants, retail, and everyday services. Union Market and the National Arboretum are nearby. Built in 2025, the condominium combines a residence-style layout with the convenience of a low-maintenance home.
The property is in Ivy City, surrounded by restaurants, retail, and everyday services. Union Market and the National Arboretum are nearby. Built in 2025, the condominium combines a residence-style layout with the convenience of a low-maintenance home.
Key Highlights
- 4‑bedroom, 4.5‑bath condominium with approximately 1,920 square feet
- Two‑level layout separates bedrooms across both floors
- Open kitchen, dining, and lounge arrangement
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
$32,687
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
5.23%
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%
$653,740
$653.7K
Cap Rate 7%
$466,957
$467.0K
Cap Rate 9%
$363,189
$363.2K
Market Conditions
NOI Build-Up for 1,920 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
$63.4K $33.00/SF
− Vacancy
−$3.9K −$2.05/SF
EGI
$59.4K $30.95/SF
− OpEx
−$26.7K −$13.93/SF
NOI
$32.7K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /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%
$653,740
Cap Rate 7%
$466,957
Cap Rate 9%
$363,189
Alternative Uses
Best Use
Apartment 5plus
$467.0K
$408.6K – $544.8K
NOI $32,687 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.3K
$867.4K – $1.16M
NOI $69,391 @ 7.0% cap · market cap 11.10%
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
1,479
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - New construction offers an open kitchen, dining, and lounge arrangement with in-unit laundry.
Where is this residential income property located?
The property is located at 1810 CENTRAL PLACE NE Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4‑bedroom, 4.5‑bath condominium with approximately 1,920 square feet; Two‑level layout separates bedrooms across both floors; Open kitchen, dining, and lounge arrangement
