Two-Story Residential Income
For Sale
$650,000
320 WEBSTER STREET NW Unit 2, Washington, DC 20011
Condominium residence with private outdoor areas, assigned parking, and upgraded interior finishes.
Property Size1,300 SF
Price / SF$500
Days on Market172
Property Features for 320 WEBSTER STREET NW Unit 2
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Unit/Flat/Apartment
Additional Details
HOA Fee
$276.31
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,462
Amenities
assigned parking
pet-friendly
balcony
washer/dryer
storage
Building Details
Building Size
1,300 SF
Year Built
1923
Listing Agency:
Compass
(301) 351-9630
Listed By:
Olivia N Kibler
(301) 351-9630
Source:
Kerishull
Added: Mar 4
Changed: Aug 23
Last Checked: Aug 23 at 9:09AM
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 1,300-square-foot condominium residence at 320 Webster Street NW occupies two levels and includes two bedrooms, a full bath, a half bath, and a contemporary kitchen with stainless steel appliances and a large island. The upper-level primary suite features a balcony, walk-in closet, soaking tub, large shower, and double vanity. The home also offers pantry storage, a washer and dryer, a patio, and access to a grass backyard and secure private parking.
Located in Petworth, the property combines residential functionality with several recent custom improvements, including organized closet and pantry systems, under-cabinet lighting, smart window blinds, remote-operated light switches, and a Ring security system. The building dates to 1923, while the unit provides a modern interior across its two-floor layout.
Located in Petworth, the property combines residential functionality with several recent custom improvements, including organized closet and pantry systems, under-cabinet lighting, smart window blinds, remote-operated light switches, and a Ring security system. The building dates to 1923, while the unit provides a modern interior across its two-floor layout.
Key Highlights
- 1,300 SF condominium residence arranged across two levels
- Two‑bedroom layout with a primary suite, full bath, and half bath
- Assigned secure private parking and access to a grass backyard
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
$20,691
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
3.18%
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%
$413,820
$413.8K
Cap Rate 7%
$295,586
$295.6K
Cap Rate 9%
$229,900
$229.9K
Market Conditions
NOI Build-Up for 1,300 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
$39.9K $30.72/SF
− Vacancy
−$2.3K −$1.78/SF
EGI
$37.6K $28.94/SF
− OpEx
−$16.9K −$13.02/SF
NOI
$20.7K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /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%
$413,820
Cap Rate 7%
$295,586
Cap Rate 9%
$229,900
Alternative Uses
Best Use
Apartment 5plus
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.2K
$587.3K – $783.1K
NOI $46,983 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with private outdoor areas, assigned parking, and upgraded interior finishes.
Where is this residential income property located?
The property is located at 320 WEBSTER STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,300 SF condominium residence arranged across two levels; Two‑bedroom layout with a primary suite, full bath, and half bath; Assigned secure private parking and access to a grass backyard
