Historic Residential Income
For Sale
$529,000
Pending
3000 TILDEN STREET NW Unit 303-I, Washington, DC 20008
Two-bedroom cooperative residence with preserved pre-war details, updated windows, private garden views, and full-service building amenities.
Property Size1,083 SF
Days on Market32
Property Features for 3000 TILDEN STREET NW Unit 303-I
General Information
Standard status
Pending
Size
1,083 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$92,032
Building Details
Building Size
1,083 SF
Year Built
1928
Listing Agency:
Compass
Listed By:
Martin L Toews · License #93960
(202) 255-9195
Source:
Kerishull
Added: Aug 13
Changed: Sep 8
Last Checked: Sep 13 at 11:10AM
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 Compass
Investment Insights
Based on property information with market context.
This 1,083-square-foot, third-floor cooperative residence at Tilden Gardens combines a two-bedroom layout with preserved pre-war craftsmanship. The floor plan includes an entry foyer, separate dining room, windowed kitchen, and living room with solid plaster walls, built-in floor-to-ceiling bookcase, original oak hardwood floors, and a decorative fireplace mantel. Double-pane windows were replaced throughout in 2023, with East-West exposures overlooking the community’s private English gardens and magnolia trees.
Building services include a front desk concierge operating from 7am-11pm, a resident lounge, lobby-level laundry, two community guest apartments, and an included storage unit. Garage parking is available through a waitlist. The monthly fee includes heat, water, and taxes, and the building has no underlying mortgage. Pets are not allowed, and rentals are effectively prohibited.
The property is within walking distance of the Cleveland Park and Van Ness Metro stations, the Connecticut Avenue corridor, and neighborhood dining. Space may be available to create a windowed half-bath off the primary suite, subject to 2/3 co-op board approval and applicable bylaws.
Building services include a front desk concierge operating from 7am-11pm, a resident lounge, lobby-level laundry, two community guest apartments, and an included storage unit. Garage parking is available through a waitlist. The monthly fee includes heat, water, and taxes, and the building has no underlying mortgage. Pets are not allowed, and rentals are effectively prohibited.
The property is within walking distance of the Cleveland Park and Van Ness Metro stations, the Connecticut Avenue corridor, and neighborhood dining. Space may be available to create a windowed half-bath off the primary suite, subject to 2/3 co-op board approval and applicable bylaws.
Key Highlights
- 1,083‑square‑foot, two‑bedroom residence on the third floor
- Tilden Gardens cooperative building constructed in 1928
- Original oak floors, solid plaster walls, built‑in bookcase, and decorative fireplace mantel
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
$17,995
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
3.40%
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%
$359,900
$359.9K
Cap Rate 7%
$257,071
$257.1K
Cap Rate 9%
$199,944
$199.9K
Market Conditions
NOI Build-Up for 1,083 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
$34.4K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.7K $30.21/SF
− OpEx
−$14.7K −$13.59/SF
NOI
$18.0K $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%
$359,900
Cap Rate 7%
$257,071
Cap Rate 9%
$199,944
Alternative Uses
Best Use
Apartment 5plus
$257.1K
$224.9K – $299.9K
NOI $17,995 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.1K
$487.4K – $649.9K
NOI $38,994 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 20008, DC
30,143
Population
18,083
Households
1.7
Avg Household Size
38
Median Age
89%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
9,724
Density / Sq Mi
$123,653
Median Household Income
$87,607
Median Earnings
$2,202
Median Rent
$894,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom cooperative residence with preserved pre-war details, updated windows, private garden views, and full-service building amenities.
Where is this residential income property located?
The property is located at 3000 TILDEN STREET NW Unit 303-I Washington, DC.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 1,083‑square‑foot, two‑bedroom residence on the third floor; Tilden Gardens cooperative building constructed in 1928; Original oak floors, solid plaster walls, built‑in bookcase, and decorative fireplace mantel
