Two-Bedroom Residential Income
New
For Sale
$600,000
2301 CHAMPLAIN STREET NW Unit T04, Washington, DC 20009
Private outdoor space, dedicated parking, and an open layout support comfortable urban living.
Property Size984 SF
Days on Market7
Property Features for 2301 CHAMPLAIN STREET NW Unit T04
General Information
Standard status
Active
Size
984 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,925
Amenities
floor to ceiling windows
granite countertops
stainless steel appliances
private terrace
in-unit washer/dryer
pet-friendly
Building Details
Building Size
984 SF
Year Built
2004
Listing Agency:
RLAH @properties
Listed By:
Silvana P Dias · License #SP98364927
(202) 258-8256
Source:
Kwcapitalproperties
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 14 at 10:31AM
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 residential income property is a two-bedroom, two-bath home with nearly 1,000 square feet of interior space. The open arrangement connects the main living areas, while nine-foot ceilings and floor-to-ceiling windows bring a spacious feel indoors. The kitchen includes granite countertops, gas cooking, stainless steel appliances, and substantial cabinet storage. A primary suite offers a walk-in closet and private bathroom, with an additional bedroom and full bath providing separation for residents or guests.
Outdoor space is a defining feature, with a large private terrace suited to dining, gardening, or recreation. The property also includes a private parking space and an in-unit washer and dryer. Built in 2004, it allows pets and is located at 2301 Champlain Street NW, Unit T04, in Washington, DC 20009, near shops, restaurants, and public transportation.
Outdoor space is a defining feature, with a large private terrace suited to dining, gardening, or recreation. The property also includes a private parking space and an in-unit washer and dryer. Built in 2004, it allows pets and is located at 2301 Champlain Street NW, Unit T04, in Washington, DC 20009, near shops, restaurants, and public transportation.
Key Highlights
- Two‑bedroom, two‑bath residential property with nearly 1000 sq ft of living space
- Large private terrace for outdoor dining, gardening, and recreation
- 9 foot ceilings and floor‑to‑ceiling 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
$19,148
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
3.19%
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%
$382,960
$383.0K
Cap Rate 7%
$273,543
$273.5K
Cap Rate 9%
$212,756
$212.8K
Market Conditions
NOI Build-Up for 984 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
$37.0K $37.56/SF
− Vacancy
−$2.1K −$2.18/SF
EGI
$34.8K $35.38/SF
− OpEx
−$15.7K −$15.92/SF
NOI
$19.1K $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%
$382,960
Cap Rate 7%
$273,543
Cap Rate 9%
$212,756
Alternative Uses
Best Use
Apartment 5plus
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.1K
$442.9K – $590.5K
NOI $35,430 @ 7.0% cap · market cap 5.91%
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
5,043
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 - Private outdoor space, dedicated parking, and an open layout support comfortable urban living.
Where is this residential income property located?
The property is located at 2301 CHAMPLAIN STREET NW Unit T04 Washington, DC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residential property with nearly 1000 sq ft of living space; Large private terrace for outdoor dining, gardening, and recreation; 9 foot ceilings and floor‑to‑ceiling windows
