Top-Level One-Bedroom
New
For Sale
$415,000
1832 BILTMORE STREET NW Unit 42, Washington, DC 20009
Updated apartment with hardwood floors, central air, in-unit laundry, and assigned lower-level storage.
Property Size750 SF
Days on Market7
Property Features for 1832 BILTMORE STREET NW Unit 42
General Information
Standard status
Active
Size
750 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$52,312
Amenities
in-unit laundry
central air conditioning
storage cage
Building Details
Building Size
750 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
Erin Sobanski · License #SP98373565
(301) 922-4618
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Sep 12
Last Checked: Sep 14 at 9:16AM
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 top-level co-op apartment at 1832 Biltmore Street NW includes one bedroom and one bathroom within an open living and dining layout. Hardwood floors extend through the foyer and main living areas, while large windows bring natural light beneath high ceilings. The kitchen is fitted with stainless steel appliances, granite counters, and a passthrough. Central air conditioning, a washer and dryer, generous cabinetry, closet space, and an assigned storage cage add practical functionality. The bathroom has been updated.
The professionally managed building dates to 1900, and its monthly fee includes taxes, internet, water and sewer, and trash service. Cats, service animals, and emotional support animals are permitted. The property is in Kalorama Triangle, within blocks of Adams Morgan’s 18th Street and Kalorama Park, with sidewalk cafés and dining nearby.
The professionally managed building dates to 1900, and its monthly fee includes taxes, internet, water and sewer, and trash service. Cats, service animals, and emotional support animals are permitted. The property is in Kalorama Triangle, within blocks of Adams Morgan’s 18th Street and Kalorama Park, with sidewalk cafés and dining nearby.
Key Highlights
- One‑bedroom, one‑bathroom top‑level co‑op apartment
- Open living and dining area with kitchen passthrough
- Stainless steel appliances and granite kitchen counters
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
$14,595
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
3.52%
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%
$291,900
$291.9K
Cap Rate 7%
$208,500
$208.5K
Cap Rate 9%
$162,167
$162.2K
Market Conditions
NOI Build-Up for 750 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
$28.2K $37.56/SF
− Vacancy
−$1.6K −$2.18/SF
EGI
$26.5K $35.38/SF
− OpEx
−$11.9K −$15.92/SF
NOI
$14.6K $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%
$291,900
Cap Rate 7%
$208,500
Cap Rate 9%
$162,167
Alternative Uses
Best Use
Apartment 5plus
$208.5K
$182.4K – $243.3K
NOI $14,595 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.8K
$337.6K – $450.1K
NOI $27,004 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,060
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 - Updated apartment with hardwood floors, central air, in-unit laundry, and assigned lower-level storage.
Where is this residential income property located?
The property is located at 1832 BILTMORE STREET NW Unit 42 Washington, DC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom top‑level co‑op apartment; Open living and dining area with kitchen passthrough; Stainless steel appliances and granite kitchen counters
