Residential Income Property with One-Bedroom
For Sale
$225,000
Pending
1815 BENNING ROAD NE Unit 2, Washington, DC 20002
Single-level one-bedroom, one-bath unit with stainless steel appliances and on-street parking.
Property Size518 SF
Days on Market120
Property Features for 1815 BENNING ROAD NE Unit 2
General Information
Standard status
Pending
Size
518 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,075
Building Details
Building Size
518 SF
Year Built
2013
Listing Agency:
Keller Williams Capital Properties
Listed By:
Marlena D McWilliams · License #SP98372051
(303) 263-9739
Source:
Kwcapitalproperties
Added: May 6
Changed: Aug 14
Last Checked: Aug 13 at 11:59AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
Residential income property featuring a single-level, one-bedroom and one-bath unit. The layout includes a spacious hallway that connects the living, dining, and kitchen areas, supporting comfortable everyday use. The kitchen comes equipped with stainless steel appliances. The unit is described as modern and lovingly maintained, within a secure setting.
On-street parking is available. The property is positioned with convenient access to area essentials and destinations, including DC Streetcar, Atlas Performing Arts Center, Rosedale Community Pool, Whole Foods, Starbucks, Compass Coffee, Union Market, and Union Station. Additional nearby options referenced include Langston Driving Range and Golf Course, Planet Fitness, US National Arboretum, walking and biking trails, Kingman Island, River Terrace Park, and Target.
Built in 2013, the unit is presented as a practical, ready-to-enjoy option for tenants seeking a compact configuration with nearby services and transit.
On-street parking is available. The property is positioned with convenient access to area essentials and destinations, including DC Streetcar, Atlas Performing Arts Center, Rosedale Community Pool, Whole Foods, Starbucks, Compass Coffee, Union Market, and Union Station. Additional nearby options referenced include Langston Driving Range and Golf Course, Planet Fitness, US National Arboretum, walking and biking trails, Kingman Island, River Terrace Park, and Target.
Built in 2013, the unit is presented as a practical, ready-to-enjoy option for tenants seeking a compact configuration with nearby services and transit.
Key Highlights
- Built in 2013
- Single‑level one‑bedroom, one‑bath unit layout
- Stainless steel appliances in the kitchen
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
$8,819
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
3.92%
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%
$176,380
$176.4K
Cap Rate 7%
$125,986
$126.0K
Cap Rate 9%
$97,989
$98.0K
Market Conditions
NOI Build-Up for 518 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
$17.1K $33.00/SF
− Vacancy
−$1.1K −$2.05/SF
EGI
$16.0K $30.95/SF
− OpEx
−$7.2K −$13.93/SF
NOI
$8.8K $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%
$176,380
Cap Rate 7%
$125,986
Cap Rate 9%
$97,989
Alternative Uses
Best Use
Apartment 5plus
$126.0K
$110.2K – $147.0K
NOI $8,819 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.4K
$234.0K – $312.0K
NOI $18,721 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
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 - Single-level one-bedroom, one-bath unit with stainless steel appliances and on-street parking.
Where is this residential income property located?
The property is located at 1815 BENNING ROAD NE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Built in 2013; Single‑level one‑bedroom, one‑bath unit layout; Stainless steel appliances in the kitchen
