Two-Bedroom Residential Income
For Sale
$449,900
2310 4TH STREET NE Unit 14, Washington, DC 20002
Contemporary condominium residence with split bedrooms, private balcony, rooftop terrace access, and elevator service.
Property Size781 SF
Days on Market25
Property Features for 2310 4TH STREET NE Unit 14
General Information
Standard status
Active
Size
781 SF
Elevators
Yes
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
$4,107
Amenities
private balcony
in-unit washer and dryer
additional storage
secure entry
shared bike storage
rooftop terrace
Building Details
Building Size
781 SF
Year Built
2023
Listing Agency:
Serhant
(301) 742-5759
Listed By:
Barak Sky · License #SP600552
(301) 742-5759
Source:
Kwcapitalproperties
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 9 at 11:47AM
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.
Unit 14 is a 2023-built, two-bedroom, two-bath residence within The Barker, a 29-unit elevator condominium building. The home features an open living and dining area, wide-plank flooring, recessed lighting, and a contemporary kitchen with quartz countertops, two-tone cabinetry, stainless steel appliances, and an oversized island with seating. A split-bedroom layout separates the primary suite from the second bedroom, while the primary bath includes a modern vanity and the residence also provides generous closet space, a private balcony, in-unit washer and dryer, additional storage, and a welcoming foyer.
Building amenities include secure entry, shared bike storage, and a rooftop terrace with Washington skyline views. The property is positioned near Edgewood, Brookland, Eckington, and NoMa, with access to the Metropolitan Branch Trail, Rhode Island Avenue and Brookland Metro stations, Union Market, Bryant Street Market, Eckington Yards, and nearby dining and entertainment venues.
Building amenities include secure entry, shared bike storage, and a rooftop terrace with Washington skyline views. The property is positioned near Edgewood, Brookland, Eckington, and NoMa, with access to the Metropolitan Branch Trail, Rhode Island Avenue and Brookland Metro stations, Union Market, Bryant Street Market, Eckington Yards, and nearby dining and entertainment venues.
Key Highlights
- 2023‑built residence in The Barker, a 29‑unit elevator condominium building
- Two bedrooms and two full bathrooms with a split‑bedroom floor plan
- Kitchen includes quartz counters, stainless steel appliances, and oversized island seating
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
$13,296
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
2.96%
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%
$265,920
$265.9K
Cap Rate 7%
$189,943
$189.9K
Cap Rate 9%
$147,733
$147.7K
Market Conditions
NOI Build-Up for 781 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
$25.8K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$24.2K $30.95/SF
− OpEx
−$10.9K −$13.93/SF
NOI
$13.3K $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%
$265,920
Cap Rate 7%
$189,943
Cap Rate 9%
$147,733
Alternative Uses
Best Use
Apartment 5plus
$189.9K
$166.2K – $221.6K
NOI $13,296 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,226 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,051
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 - Contemporary condominium residence with split bedrooms, private balcony, rooftop terrace access, and elevator service.
Where is this residential income property located?
The property is located at 2310 4TH STREET NE Unit 14 Washington, DC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2023‑built residence in The Barker, a 29‑unit elevator condominium building; Two bedrooms and two full bathrooms with a split‑bedroom floor plan; Kitchen includes quartz counters, stainless steel appliances, and oversized island seating
