One-Bedroom Residential Income
For Sale
$140,000
2301 41ST STREET NW Unit 302, Washington, DC 20007
Cooperative residence with an efficient galley kitchen and full bath.
Property Size550 SF
Days on Market33
Property Features for 2301 41ST STREET NW Unit 302
General Information
Standard status
Active
Size
550 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$764,480
Building Details
Building Size
550 SF
Year Built
1942
Listing Agency:
Coldwell Banker Realty
Listed By:
Heidi S. Hawkins · License #SP98373983
(202) 256-8939
Source:
Kwcapitalproperties
Added: Aug 14
Changed: Sep 7
Last Checked: Sep 14 at 9:28AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This cooperative residence at Beecher Cooperative offers approximately 550 square feet with one bedroom and one full bath. The floor plan includes a living area, galley kitchen, and bedroom, with natural light throughout the home. Built in 1942, the property combines a compact layout with established building character.
The monthly cooperative fee includes heat, water, property taxes, building maintenance, trash, and other essentials. Residents also have access to free laundry facilities, a picnic area, and a party room, while the building permits pets. The property is located in Glover Park near Wisconsin Avenue shops and restaurants, Rock Creek Park, and transit options. Primary residence buyers are eligible.
The monthly cooperative fee includes heat, water, property taxes, building maintenance, trash, and other essentials. Residents also have access to free laundry facilities, a picnic area, and a party room, while the building permits pets. The property is located in Glover Park near Wisconsin Avenue shops and restaurants, Rock Creek Park, and transit options. Primary residence buyers are eligible.
Key Highlights
- Approximately 550 square feet with 1 bedroom and 1 full bath
- Monthly cooperative fee covers heat, water, property taxes, maintenance, and trash
- Beecher Cooperative residence built in 1942
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
$9,139
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
6.53%
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%
$182,780
$182.8K
Cap Rate 7%
$130,557
$130.6K
Cap Rate 9%
$101,544
$101.5K
Market Conditions
NOI Build-Up for 550 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
$17.5K $31.80/SF
− Vacancy
−$875 −$1.59/SF
EGI
$16.6K $30.21/SF
− OpEx
−$7.5K −$13.59/SF
NOI
$9.1K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /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%
$182,780
Cap Rate 7%
$130,557
Cap Rate 9%
$101,544
Alternative Uses
Best Use
Apartment 5plus
$130.6K
$114.2K – $152.3K
NOI $9,139 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.1K
NOI $19,803 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative residence with an efficient galley kitchen and full bath.
Where is this residential income property located?
The property is located at 2301 41ST STREET NW Unit 302 Washington, DC.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Approximately 550 square feet with 1 bedroom and 1 full bath; Monthly cooperative fee covers heat, water, property taxes, maintenance, and trash; Beecher Cooperative residence built in 1942
