Residential Income Property with
New
For Sale
$750,000
1811 WYOMING AVENUE NW Unit 1, Washington, DC 20009
Corner residence with renovated kitchen, original architectural details, private balcony, and access to shared rooftop views.
Property Size1,100 SF
Price / SF$681.82
Days on Market4
Property Features for 1811 WYOMING AVENUE NW Unit 1
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,106
Building Details
Building Size
1,100 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Jennifer K Knoll · License #SP98362400
(202) 441-2301
Source:
Kerishull
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 8:00AM
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 Compass
Investment Insights
Based on property information with market context.
This one-level-above-ground corner residence contains 1,100 square feet with two bedrooms and 1.5 bathrooms. Interior features include original solid wood pocket doors, exposed brick, wide-plank wood flooring, oversized windows, and a renovated kitchen with LG appliances, a large island, and pantry storage. A formal dining room extends the living space, while the private balcony overlooks a landscaped courtyard and central fountain. The building also offers a rooftop deck with views that include the Washington Monument.
The property is located on a tree-lined historic street one block from Adams Morgan. Woodley Park and Dupont Circle Metro stations, Dupont’s Sunday Farmer’s Market, and Marie Reed Community Center are within walking distance. The community center includes an indoor aquatics center, outdoor children’s pool, tennis courts, soccer field, basketball court, and playground. The residence is within the Oyster Adams and Jackson Reed school boundaries.
The property is located on a tree-lined historic street one block from Adams Morgan. Woodley Park and Dupont Circle Metro stations, Dupont’s Sunday Farmer’s Market, and Marie Reed Community Center are within walking distance. The community center includes an indoor aquatics center, outdoor children’s pool, tennis courts, soccer field, basketball court, and playground. The residence is within the Oyster Adams and Jackson Reed school boundaries.
Key Highlights
- 1,100‑square‑foot corner residence with two bedrooms and 1.5 bathrooms
- Renovated kitchen with LG appliances, large island, and generous pantry
- Original solid wood pocket doors, exposed brick, and wide‑plank wood floors
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
$21,406
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%
$428,120
$428.1K
Cap Rate 7%
$305,800
$305.8K
Cap Rate 9%
$237,844
$237.8K
Market Conditions
NOI Build-Up for 1,100 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
$41.3K $37.56/SF
− Vacancy
−$2.4K −$2.18/SF
EGI
$38.9K $35.38/SF
− OpEx
−$17.5K −$15.92/SF
NOI
$21.4K $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%
$428,120
Cap Rate 7%
$305,800
Cap Rate 9%
$237,844
Alternative Uses
Best Use
Apartment 5plus
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,984
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner residence with renovated kitchen, original architectural details, private balcony, and access to shared rooftop views.
Where is this residential income property located?
The property is located at 1811 WYOMING AVENUE NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,100‑square‑foot corner residence with two bedrooms and 1.5 bathrooms; Renovated kitchen with LG appliances, large island, and generous pantry; Original solid wood pocket doors, exposed brick, and wide‑plank wood floors
