Residential Income Property with
For Sale
$399,900
2320 WISCONSIN AVENUE NW Unit 213, Washington, DC 20007
Front-facing condominium residence with updated finishes, private outdoor space, and an assigned parking space.
Property Size694 SF
Days on Market39
Property Features for 2320 WISCONSIN AVENUE NW Unit 213
General Information
Standard status
Active
Size
694 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,292
Amenities
private balcony
Building Details
Building Size
694 SF
Year Built
1984
Listing Agency:
RLAH @properties
Listed By:
Keegan Dufresne
(301) 807-1080
Source:
Kwcapitalproperties
Added: Aug 3
Changed: Sep 9
Last Checked: Sep 10 at 8:21AM
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 front-facing one-bedroom, one-bath condominium residence with an open-concept layout. The interior includes updated flooring, stainless steel appliances, and a renovated bathroom. A bright living area extends to a private balcony, while the assigned parking space adds a practical feature for occupants or ownership use. The building permits pets up to 25 lb.
The property is located near Whole Foods, Trader Joe’s, and Wegmans, with restaurants, shopping, and entertainment in the surrounding area. It also offers access to downtown DC, Georgetown, nearby neighborhoods, major commuter routes, and Ronald Reagan Washington National Airport. Built in 1984, the condominium provides a defined residential configuration with several updated interior components.
The property is located near Whole Foods, Trader Joe’s, and Wegmans, with restaurants, shopping, and entertainment in the surrounding area. It also offers access to downtown DC, Georgetown, nearby neighborhoods, major commuter routes, and Ronald Reagan Washington National Airport. Built in 1984, the condominium provides a defined residential configuration with several updated interior components.
Key Highlights
- One‑bedroom, one‑bath condominium residence
- Assigned parking space included
- Private balcony off the living area
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
$11,531
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
2.88%
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%
$230,620
$230.6K
Cap Rate 7%
$164,729
$164.7K
Cap Rate 9%
$128,122
$128.1K
Market Conditions
NOI Build-Up for 694 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
$22.1K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.0K $30.21/SF
− OpEx
−$9.4K −$13.59/SF
NOI
$11.5K $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%
$230,620
Cap Rate 7%
$164,729
Cap Rate 9%
$128,122
Alternative Uses
Best Use
Apartment 5plus
$164.7K
$144.1K – $192.2K
NOI $11,531 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,988 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,373
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 - Front-facing condominium residence with updated finishes, private outdoor space, and an assigned parking space.
Where is this residential income property located?
The property is located at 2320 WISCONSIN AVENUE NW Unit 213 Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium residence; Assigned parking space included; Private balcony off the living area
