Two-Bedroom Co-Op
For Sale
$665,000
3016 TILDEN STREET NW Unit 403, Washington, DC 20008
Three-exposure co-op with central A/C, granite kitchen and stainless appliances, and an en-suite primary bathroom.
Property Size1,200 SF
Days on Market137
Property Features for 3016 TILDEN STREET NW Unit 403
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,684
Building Details
Building Size
1,200 SF
Year Built
1928
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Holly Smith · License #SP98359844
(301) 332-7176
Source:
Barnesrealestatecompany
Added: May 1
Changed: Aug 31
Last Checked: Sep 13 at 1:50PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Spacious two-bedroom, two-bath co-op residence with three exposures, treetop views, and abundant natural light. The layout features a spacious living room with a faux fireplace, a separate formal dining room, and a gourmet kitchen with white cabinets, granite countertops, and stainless steel appliances. The primary bedroom includes a modern en-suite full bath with a sleek walk-in shower. The second bedroom is currently used as a study and adjoins the living room with access to a second full bathroom with a white pedestal sink and vintage tub, which can also be accessed via the hall.
The seller purchased a maid’s room abutting the unit from the hallway to make the main bathroom. Central A/C was also installed. The building was constructed in 1928. The co-op is conveniently located near the Van Ness–UDC Metro stop, with nearby bus routes, Rock Creek Park, Cleveland Park Community Garden, and a range of restaurants and shopping. The monthly co-op fee includes the property taxes.
The seller purchased a maid’s room abutting the unit from the hallway to make the main bathroom. Central A/C was also installed. The building was constructed in 1928. The co-op is conveniently located near the Van Ness–UDC Metro stop, with nearby bus routes, Rock Creek Park, Cleveland Park Community Garden, and a range of restaurants and shopping. The monthly co-op fee includes the property taxes.
Key Highlights
- Two‑bedroom, two‑bath co‑op with three exposures and treetop views
- Central A/C installed
- Kitchen with white cabinets, granite countertops and stainless steel appliances
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
$19,939
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
3.00%
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%
$398,780
$398.8K
Cap Rate 7%
$284,843
$284.8K
Cap Rate 9%
$221,544
$221.5K
Market Conditions
NOI Build-Up for 1,200 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
$38.2K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$36.3K $30.21/SF
− OpEx
−$16.3K −$13.59/SF
NOI
$19.9K $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%
$398,780
Cap Rate 7%
$284,843
Cap Rate 9%
$221,544
Alternative Uses
Best Use
Apartment 5plus
$284.8K
$249.2K – $332.3K
NOI $19,939 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-exposure co-op with central A/C, granite kitchen and stainless appliances, and an en-suite primary bathroom.
Where is this residential income property located?
The property is located at 3016 TILDEN STREET NW Unit 403 Washington, DC.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath co‑op with three exposures and treetop views; Central A/C installed; Kitchen with white cabinets, granite countertops and stainless steel appliances
