Two-Bedroom Residential Income
For Sale
$749,900
Pending
1826 13TH STREET NW Unit 2, Washington, DC 20009
Two-bath residence offering private outdoor space, secure parking, in-unit laundry, and access to Logan Circle amenities.
Property Size1,087 SF
Days on Market8
Property Features for 1826 13TH STREET NW Unit 2
General Information
Standard status
Pending
Size
1,087 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,501
Amenities
private outdoor space
gas fireplace
in-unit washer and dryer
secure off-street parking
stainless steel appliances
Building Details
Building Size
1,087 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
Kyra Erika Agarwal · License #Sp200204432
(424) 666-9202
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Sep 14
Last Checked: Sep 14 at 11:06AM
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 residential income property is a two-bedroom, two-bath residence in a 1900 building near Washington, DC’s 14th Street corridor. The interior features hardwood flooring, large windows, a living room with a gas fireplace, and a kitchen equipped with stainless steel appliances, a gas range, granite counters, and substantial cabinetry. A separate dining area, generous storage, and an in-unit washer and dryer support daily use.
The home also includes a private deck and dedicated secure off-street parking. Its Logan Circle setting places Trader Joe’s, Whole Foods, coffee shops, restaurants, cocktail bars, fitness studios, and other neighborhood conveniences within walking distance. Nearby dining and retail destinations include Le Diplomate, Jane Jane, Barcelona Wine Bar, Maydan, and Bluestone Lane.
The home also includes a private deck and dedicated secure off-street parking. Its Logan Circle setting places Trader Joe’s, Whole Foods, coffee shops, restaurants, cocktail bars, fitness studios, and other neighborhood conveniences within walking distance. Nearby dining and retail destinations include Le Diplomate, Jane Jane, Barcelona Wine Bar, Maydan, and Bluestone Lane.
Key Highlights
- Two‑bedroom, two‑bath residence in a 1900 building
- Private deck for outdoor use
- Dedicated secure off‑street parking
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
$21,153
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
2.82%
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%
$423,060
$423.1K
Cap Rate 7%
$302,186
$302.2K
Cap Rate 9%
$235,033
$235.0K
Market Conditions
NOI Build-Up for 1,087 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
$40.8K $37.56/SF
− Vacancy
−$2.4K −$2.18/SF
EGI
$38.5K $35.38/SF
− OpEx
−$17.3K −$15.92/SF
NOI
$21.2K $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%
$423,060
Cap Rate 7%
$302,186
Cap Rate 9%
$235,033
Alternative Uses
Best Use
Apartment 5plus
$302.2K
$264.4K – $352.6K
NOI $21,153 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.1K
$489.2K – $652.3K
NOI $39,138 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,207
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bath residence offering private outdoor space, secure parking, in-unit laundry, and access to Logan Circle amenities.
Where is this residential income property located?
The property is located at 1826 13TH STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence in a 1900 building; Private deck for outdoor use; Dedicated secure off‑street parking
