One-Bedroom Condo Unit with Private
For Sale
$325,000
2310 4TH STREET NE Unit 15, Washington, DC 20002
Unit 22 in a 29-unit elevator building offers an open-concept layout, in-unit washer and dryer, and a private balcony.
Property Size581 SF
Days on Market43
Property Features for 2310 4TH STREET NE Unit 15
General Information
Standard status
Active
Size
581 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,149
Amenities
secure entry system
shared bike storage
rooftop terrace
Building Details
Building Size
581 SF
Year Built
2022
Listing Agency:
Keller Williams Realty
Listed By:
Deborah K Reynolds · License #BR98374317
(240) 885-6806
Source:
Kwcapitalproperties
Added: Jul 30
Changed: Sep 9
Last Checked: Sep 10 at 8:55AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Unit 22 at The Barker is a one-bedroom, one-bath condominium in a 29-unit elevator building, built in 2023. The interior features an open-concept living and dining area with wide-plank flooring and recessed lighting, flowing into a gourmet kitchen with quartz countertops, two-tone cabinetry, stainless steel appliances, designer hardware, and a large peninsula with seating.
A standout feature is the expansive private balcony with direct access from the bedroom, extending the home’s living space outdoors. The spa-inspired bathroom includes a modern vanity and contemporary finishes. The unit also includes an in-unit washer and dryer, additional storage, and elevator access.
The Barker offers building amenities including a secure entry system, shared bike storage, and a rooftop terrace with sweeping views. Located at the intersection area of Edgewood, Brookland, Eckington, and NoMa, the residence is positioned for quick access to nearby transit and popular retail and dining options, including Brookland Metro and Rhode Island Avenue, along with nearby destinations such as Union Market and NoMa.
A standout feature is the expansive private balcony with direct access from the bedroom, extending the home’s living space outdoors. The spa-inspired bathroom includes a modern vanity and contemporary finishes. The unit also includes an in-unit washer and dryer, additional storage, and elevator access.
The Barker offers building amenities including a secure entry system, shared bike storage, and a rooftop terrace with sweeping views. Located at the intersection area of Edgewood, Brookland, Eckington, and NoMa, the residence is positioned for quick access to nearby transit and popular retail and dining options, including Brookland Metro and Rhode Island Avenue, along with nearby destinations such as Union Market and NoMa.
Key Highlights
- Unit 22 in a 29‑unit elevator building
- Built in 2023
- One‑bedroom, one‑bath layout with open‑concept living and dining
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
$9,891
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
3.04%
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%
$197,820
$197.8K
Cap Rate 7%
$141,300
$141.3K
Cap Rate 9%
$109,900
$109.9K
Market Conditions
NOI Build-Up for 581 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
$19.2K $33.00/SF
− Vacancy
−$1.2K −$2.05/SF
EGI
$18.0K $30.95/SF
− OpEx
−$8.1K −$13.93/SF
NOI
$9.9K $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%
$197,820
Cap Rate 7%
$141,300
Cap Rate 9%
$109,900
Alternative Uses
Best Use
Apartment 5plus
$141.3K
$123.6K – $164.9K
NOI $9,891 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.0K
$262.5K – $350.0K
NOI $20,998 @ 7.0% cap · market cap 6.46%
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
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Unit 22 in a 29-unit elevator building offers an open-concept layout, in-unit washer and dryer, and a private balcony.
Where is this residential income property located?
The property is located at 2310 4TH STREET NE Unit 15 Washington, DC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Unit 22 in a 29‑unit elevator building; Built in 2023; One‑bedroom, one‑bath layout with open‑concept living and dining
