Two-Bedroom Residential Income
For Sale
$599,000
1852 COLUMBIA ROAD NW Unit 101, Washington, DC 20009
Corner unit in a 1907 Beaux-Arts building with elevator service, rooftop access, and original hardwood floors.
Property Size1,050 SF
Price / SF$570.48
Days on Market322
Property Features for 1852 COLUMBIA ROAD NW Unit 101
General Information
Standard status
Active
Size
1,050 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,393
Amenities
rooftop deck
on-site laundry
intercom system
Building Details
Building Size
1,050 SF
Year Built
1907
Construction
Beaux-Arts
Listing Agency:
Metropolitan Realty, LLP
Listed By:
Edgar Mantilla
(301) 924-7040
Source:
Kerishull
Added: Oct 28, 2025
Changed: Sep 5
Last Checked: Sep 13 at 10:42AM
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 Metropolitan Realty, LLP
Investment Insights
Based on property information with market context.
Unit 101 is a two-bedroom corner residence within The Netherlands, a Beaux-Arts building completed in 1907. The interior combines 10-foot ceilings, original hardwood flooring, and a broad window line that brings natural light into the living areas. The layout is described as spacious, with a front-door intercom and elevator access supporting daily convenience. On-site laundry facilities and a rooftop deck add shared building amenities.
The property is located at 1852 Columbia Road NW in Washington, DC 20009, within short distance of the Woodley Park-Zoo/Adams Morgan Metro station on the Red Line and multiple bus lines. The source information also places it near the K Street corridor, the World Bank, NoMa, Rock Creek Park, and Meridian Hill Park. The rooftop deck provides views of the Washington, D.C. skyline, while the building’s historic architecture gives the unit a distinct residential setting.
The property is located at 1852 Columbia Road NW in Washington, DC 20009, within short distance of the Woodley Park-Zoo/Adams Morgan Metro station on the Red Line and multiple bus lines. The source information also places it near the K Street corridor, the World Bank, NoMa, Rock Creek Park, and Meridian Hill Park. The rooftop deck provides views of the Washington, D.C. skyline, while the building’s historic architecture gives the unit a distinct residential setting.
Key Highlights
- Two‑bedroom corner unit with 10‑foot ceilings
- The Netherlands is a Beaux‑Arts building completed in 1907
- Original hardwood floors and expansive windows
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
$20,433
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
3.41%
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%
$408,660
$408.7K
Cap Rate 7%
$291,900
$291.9K
Cap Rate 9%
$227,033
$227.0K
Market Conditions
NOI Build-Up for 1,050 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
$39.4K $37.56/SF
− Vacancy
−$2.3K −$2.18/SF
EGI
$37.2K $35.38/SF
− OpEx
−$16.7K −$15.92/SF
NOI
$20.4K $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%
$408,660
Cap Rate 7%
$291,900
Cap Rate 9%
$227,033
Alternative Uses
Best Use
Apartment 5plus
$291.9K
$255.4K – $340.6K
NOI $20,433 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.1K
$472.6K – $630.1K
NOI $37,806 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
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 - Corner unit in a 1907 Beaux-Arts building with elevator service, rooftop access, and original hardwood floors.
Where is this residential income property located?
The property is located at 1852 COLUMBIA ROAD NW Unit 101 Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑bedroom corner unit with 10‑foot ceilings; The Netherlands is a Beaux‑Arts building completed in 1907; Original hardwood floors and expansive windows
