Studio Residential Income
For Sale
$239,900
2401 H STREET NW Unit 810, Washington, DC 20037
Bright apartment with concierge service, same-floor laundry, and rooftop deck.
Property Size424 SF
Days on Market54
Property Features for 2401 H STREET NW Unit 810
General Information
Standard status
Active
Size
424 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,672
Building Details
Building Size
424 SF
Year Built
1960
Buildings
1
Listing Agency:
Taylor Properties
Listed By:
Daniel A Carrillo · License #SP98366656
(703) 298-4977
Source:
Kwcapitalproperties
Added: Jul 23
Changed: Sep 12
Last Checked: Sep 13 at 12:06PM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This studio apartment is located in a 1960 building with features designed for convenient urban living. Residents have access to 24-hour concierge service, laundry on the same floor, and a rooftop deck offering panoramic city views. The condo fee includes all utilities.
The property is 1.5 blocks from Foggy Bottom Metro Station and sits within walking distance of restaurants, shopping, parks, and other neighborhood amenities. George Washington University, George Washington University Hospital, Georgetown, and the Kennedy Center are nearby, along with major employers including The World Bank and the IMF.
The property is 1.5 blocks from Foggy Bottom Metro Station and sits within walking distance of restaurants, shopping, parks, and other neighborhood amenities. George Washington University, George Washington University Hospital, Georgetown, and the Kennedy Center are nearby, along with major employers including The World Bank and the IMF.
Key Highlights
- Studio apartment in a 1960 building
- 24‑hour concierge service
- Laundry located on the same floor
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
$7,045
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
2.94%
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%
$140,900
$140.9K
Cap Rate 7%
$100,643
$100.6K
Cap Rate 9%
$78,278
$78.3K
Market Conditions
NOI Build-Up for 424 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
$13.5K $31.80/SF
− Vacancy
−$674 −$1.59/SF
EGI
$12.8K $30.21/SF
− OpEx
−$5.8K −$13.59/SF
NOI
$7.0K $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%
$140,900
Cap Rate 7%
$100,643
Cap Rate 9%
$78,278
Alternative Uses
Best Use
Apartment 5plus
$100.6K
$88.1K – $117.4K
NOI $7,045 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$218.1K
$190.8K – $254.4K
NOI $15,266 @ 7.0% cap · market cap 6.36%
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
16,660
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright apartment with concierge service, same-floor laundry, and rooftop deck.
Where is this residential income property located?
The property is located at 2401 H STREET NW Unit 810 Washington, DC.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Studio apartment in a 1960 building; 24‑hour concierge service; Laundry located on the same floor
