One-Bedroom Residential Income
For Sale
$495,000
3100 CONNECTICUT AVENUE NW Unit 326, Washington, DC 20008
Updated residence with a flexible den, renovated kitchen and bathroom, and access to shared building amenities.
Property Size875 SF
Price / SF$565.71
Days on Market54
Property Features for 3100 CONNECTICUT AVENUE NW Unit 326
General Information
Standard status
Active
Size
875 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x one-bedroom plus den
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,425
Amenities
laundry facilities
bike storage
courtyard
grilling areas
pet-friendly
Building Details
Building Size
875 SF
Year Built
1923
Buildings
1
Listing Agency:
Compass
Listed By:
Paul R Czuba · License #SP98377936
(202) 247-6500
Source:
Kerishull
Added: Jul 23
Changed: Sep 3
Last Checked: Sep 13 at 11:54AM
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 875-square-foot residential income property, built in 1923, offers a one-bedroom layout with a separate den connected by French doors. Original heart pine flooring, abundant natural light, custom bedroom storage, and updated finishes add character and functionality. The renovated kitchen includes custom cabinetry and GE Profile and Bosch appliances, while the bathroom features an oversized walk-in shower, updated vanity, modern fixtures, and a window.
Building amenities include free laundry on every floor, bike storage, 17 shared parking spaces, a landscaped courtyard with grilling areas, and pet-friendly policies. Rental parking is available nearby. The property is across from the Smithsonian's National Zoo, with Rock Creek Park, restaurants, cafes, boutique shopping, and the Cleveland Park and Woodley Park Metro stations located less than three blocks away.
Building amenities include free laundry on every floor, bike storage, 17 shared parking spaces, a landscaped courtyard with grilling areas, and pet-friendly policies. Rental parking is available nearby. The property is across from the Smithsonian's National Zoo, with Rock Creek Park, restaurants, cafes, boutique shopping, and the Cleveland Park and Woodley Park Metro stations located less than three blocks away.
Key Highlights
- 875‑square‑foot one‑bedroom residence with a separate den
- 1923 building with original heart pine floors and updated interiors
- Renovated kitchen with custom cabinetry and GE Profile and Bosch 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
$14,539
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%
$290,780
$290.8K
Cap Rate 7%
$207,700
$207.7K
Cap Rate 9%
$161,544
$161.5K
Market Conditions
NOI Build-Up for 875 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
$27.8K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.4K $30.21/SF
− OpEx
−$11.9K −$13.59/SF
NOI
$14.5K $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%
$290,780
Cap Rate 7%
$207,700
Cap Rate 9%
$161,544
Alternative Uses
Best Use
Apartment 5plus
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$450.1K
$393.8K – $525.1K
NOI $31,505 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence with a flexible den, renovated kitchen and bathroom, and access to shared building amenities.
Where is this residential income property located?
The property is located at 3100 CONNECTICUT AVENUE NW Unit 326 Washington, DC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 875‑square‑foot one‑bedroom residence with a separate den; 1923 building with original heart pine floors and updated interiors; Renovated kitchen with custom cabinetry and GE Profile and Bosch appliances
