Efficiency Condominium Unit in Secured
For Sale
$230,000
1816 NEW HAMPSHIRE AVENUE NW Unit 302, Washington, DC 20009
Efficiency condo with wood floors, galley kitchen, and in-building lower level laundry inside a secure entry building.
Property Size336 SF
Days on Market63
Property Features for 1816 NEW HAMPSHIRE AVENUE NW Unit 302
General Information
Standard status
Active
Size
336 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x efficiency
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,835
Amenities
laundry
secure entry
front desk
pet-friendly
Building Details
Building Size
336 SF
Year Built
1965
Listing Agency:
Northrop Realty
Listed By:
Daniel B Register IV · License #534790
(410) 531-0321
Source:
Kwcapitalproperties
Added: Jul 9
Changed: Aug 28
Last Checked: Sep 8 at 9:58AM
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 Northrop Realty
Investment Insights
Based on property information with market context.
Efficiency condominium unit 302 at 1816 New Hampshire Avenue NW in Washington, DC. Built in 1965, the residence is described as light-filled with large windows and a modern, open-concept layout. Interior features include wood flooring, a space-efficient galley kitchen, a designated coffee bar, and ample closet space.
The building includes a secure building entry system and in-building lower level laundry. A front desk is staffed 6 days a week, supporting resident convenience. The community is described as pet-friendly.
The unit is positioned in the heart of Dupont Circle, with nearby access to shopping, dining, and everyday conveniences mentioned in the remarks. Transit access includes bus lines and two Metro stations—Dupont Circle Metro (10min walk) and U St/Cardozo Metro (12min walk). A Capital Bikeshare is noted as one block away, and K Street is described as an easy commute on foot or bike.
The building includes a secure building entry system and in-building lower level laundry. A front desk is staffed 6 days a week, supporting resident convenience. The community is described as pet-friendly.
The unit is positioned in the heart of Dupont Circle, with nearby access to shopping, dining, and everyday conveniences mentioned in the remarks. Transit access includes bus lines and two Metro stations—Dupont Circle Metro (10min walk) and U St/Cardozo Metro (12min walk). A Capital Bikeshare is noted as one block away, and K Street is described as an easy commute on foot or bike.
Key Highlights
- In‑building lower level laundry and secure building entry system
- Front desk staffed 6 days a week
- Wood flooring throughout with large windows for natural light
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
$6,539
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
2.84%
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%
$130,780
$130.8K
Cap Rate 7%
$93,414
$93.4K
Cap Rate 9%
$72,656
$72.7K
Market Conditions
NOI Build-Up for 336 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
$12.6K $37.56/SF
− Vacancy
−$732 −$2.18/SF
EGI
$11.9K $35.38/SF
− OpEx
−$5.3K −$15.92/SF
NOI
$6.5K $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%
$130,780
Cap Rate 7%
$93,414
Cap Rate 9%
$72,656
Alternative Uses
Best Use
Apartment 5plus
$93.4K
$81.7K – $109.0K
NOI $6,539 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$172.8K
$151.2K – $201.6K
NOI $12,098 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
10,381
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 - Efficiency condo with wood floors, galley kitchen, and in-building lower level laundry inside a secure entry building.
Where is this residential income property located?
The property is located at 1816 NEW HAMPSHIRE AVENUE NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: In‑building lower level laundry and secure building entry system; Front desk staffed 6 days a week; Wood flooring throughout with large windows for natural light
