Two-Bedroom Residential Income
For Sale
$419,900
2019 M STREET NE Unit 7, Washington, DC 20002
New-construction residence with contemporary finishes, secure entry, and an efficient open-concept layout.
Property Size850 SF
Days on Market11
Property Features for 2019 M STREET NE Unit 7
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,861
Building Details
Building Size
850 SF
Year Built
2024
Listing Agency:
Serhant
(301) 742-5759
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kwcapitalproperties
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 9 at 11:57AM
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 Serhant
Investment Insights
Based on property information with market context.
Completed in 2024, this two-bedroom, two-bath residence combines an open living arrangement with contemporary interior finishes. Wide-plank hardwood flooring runs through the home, while oversized windows bring abundant natural light into the main living area. The kitchen includes white shaker cabinetry, quartz countertops, a full-height backsplash, stainless steel appliances, matte black fixtures, and ample storage. The primary suite has generous closet space and a private bath with a double vanity, glass-enclosed shower, soaking tub, and designer tile. A second bedroom is paired with another full bathroom, and an in-unit stacked washer and dryer adds convenience.
The residence is located at 2019 M Street NE, Unit 7, in Washington, DC 20002. The boutique building provides secure entry and low-maintenance living. Union Market, the H Street Corridor, Ivy City, the U.S. National Arboretum, local parks, dining, shopping, and major commuter routes are identified as nearby. Garage parking is available separately.
The residence is located at 2019 M Street NE, Unit 7, in Washington, DC 20002. The boutique building provides secure entry and low-maintenance living. Union Market, the H Street Corridor, Ivy City, the U.S. National Arboretum, local parks, dining, shopping, and major commuter routes are identified as nearby. Garage parking is available separately.
Key Highlights
- Two bedrooms and two full bathrooms
- Built in 2024 with contemporary finishes
- Open‑concept living, dining, and kitchen areas
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
$14,471
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
3.45%
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%
$289,420
$289.4K
Cap Rate 7%
$206,729
$206.7K
Cap Rate 9%
$160,789
$160.8K
Market Conditions
NOI Build-Up for 850 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
$28.1K $33.00/SF
− Vacancy
−$1.7K −$2.05/SF
EGI
$26.3K $30.95/SF
− OpEx
−$11.8K −$13.93/SF
NOI
$14.5K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /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%
$289,420
Cap Rate 7%
$206,729
Cap Rate 9%
$160,789
Alternative Uses
Best Use
Apartment 5plus
$206.7K
$180.9K – $241.2K
NOI $14,471 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - New-construction residence with contemporary finishes, secure entry, and an efficient open-concept layout.
Where is this residential income property located?
The property is located at 2019 M STREET NE Unit 7 Washington, DC.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Built in 2024 with contemporary finishes; Open‑concept living, dining, and kitchen areas
