Two-Level Residential Income
New
For Sale
$379,900
1843 MINTWOOD PLACE NW Unit 110, Washington, DC 20009
Two-level condominium with flexible den space, updated kitchen, in-unit laundry, and access to nearby Metro stations.
Property Size657 SF
Price / SF$578.23
Days on Market6
Property Features for 1843 MINTWOOD PLACE NW Unit 110
General Information
Standard status
Active
Size
657 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,145
Building Details
Building Size
657 SF
Year Built
1909
Listing Agency:
RLAH @properties
Listed By:
Aaron Brainerd
(202) 870-6160
Source:
Kwcapitalproperties
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 21 at 8:34AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This two-level condominium offers approximately 657 square feet with one bedroom, one and a half bathrooms, and a den connected to the primary bedroom suite. The main level includes an open living area, powder room, breakfast bar, and updated kitchen with granite countertops, stainless steel appliances, and ample cabinetry. Upstairs, the bedroom suite includes a full en-suite bathroom and flexible den space suitable for an office, reading area, dressing space, nursery, or storage. An in-unit washer and dryer adds convenience, while southwest-facing windows bring natural light into the home.
The property is located at 1843 Mintwood Place NW in Washington, DC, within the Kalorama area. The professionally managed building is pet-friendly, and the residence sits on a quiet, tree-lined street near dining, coffee shops, Safeway, parks, gyms, and other daily conveniences. Three Metro stations are located within one mile. The building dates to 1909.
The property is located at 1843 Mintwood Place NW in Washington, DC, within the Kalorama area. The professionally managed building is pet-friendly, and the residence sits on a quiet, tree-lined street near dining, coffee shops, Safeway, parks, gyms, and other daily conveniences. Three Metro stations are located within one mile. The building dates to 1909.
Key Highlights
- Two‑level condominium with approximately 657 square feet
- One bedroom, 1.5 bathrooms, and a primary‑bedroom den
- Updated kitchen with granite countertops, stainless steel appliances, and breakfast bar
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
$12,785
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
3.37%
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%
$255,700
$255.7K
Cap Rate 7%
$182,643
$182.6K
Cap Rate 9%
$142,056
$142.1K
Market Conditions
NOI Build-Up for 657 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
$24.7K $37.56/SF
− Vacancy
−$1.4K −$2.18/SF
EGI
$23.2K $35.38/SF
− OpEx
−$10.5K −$15.92/SF
NOI
$12.8K $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%
$255,700
Cap Rate 7%
$182,643
Cap Rate 9%
$142,056
Alternative Uses
Best Use
Apartment 5plus
$182.6K
$159.8K – $213.1K
NOI $12,785 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.9K
$295.7K – $394.3K
NOI $23,656 @ 7.0% cap · market cap 6.23%
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 - Two-level condominium with flexible den space, updated kitchen, in-unit laundry, and access to nearby Metro stations.
Where is this residential income property located?
The property is located at 1843 MINTWOOD PLACE NW Unit 110 Washington, DC.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑level condominium with approximately 657 square feet; One bedroom, 1.5 bathrooms, and a primary‑bedroom den; Updated kitchen with granite countertops, stainless steel appliances, and breakfast bar
