Three-Level Residential Income
For Sale
$1,349,000
3554 13TH STREET NW Unit 2, Washington, DC 20010
Contemporary condominium residence with private outdoor spaces, premium finishes, secure parking, and an electric vehicle charging station.
Property Size2,702 SF
Price / SF$499.26
Days on Market77
Property Features for 3554 13TH STREET NW Unit 2
General Information
Standard status
Active
Size
2,702 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,138
Amenities
stainless steel appliances
quartz countertops
wine refrigerator
hardwood floors
three balconies
private rooftop deck
Bosch appliances
Calacatta quartz countertops
designer tiled bathrooms
heated towel bars
9-inch wide oak engineered floors
built-in house audio
Nest thermostats
tankless water heater
electric charging station
gas line for grilling
outdoor firepit
Building Details
Building Size
2,702 SF
Year Built
2022
Listing Agency:
Compass
Listed By:
Thomas S Buerger · License #SP98358924
(202) 255-2844
Source:
Kerishull
Added: Jun 26
Changed: Aug 31
Last Checked: Sep 10 at 8:16AM
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.
Built in 2022, this 2,702-square-foot condominium residence spans three levels with five bedrooms and 4.5 baths. The main floor combines an open kitchen and dining area with stainless steel Bosch appliances, Calacatta quartz surfaces, a wine refrigerator, and hardwood flooring. Upper levels provide bedroom suites, additional bath accommodations, balconies, and a private rooftop deck with gas access for grilling and an outdoor firepit.
Interior appointments include 9-inch-wide oak engineered floors, designer-tiled bathrooms, heated towel bars, built-in audio, Nest thermostats, and a tankless water heater. Secure rear parking with an electric charging station is included. The property is positioned near the 11th and 14th Street corridors, with grocery stores, retail, and dining nearby, and offers access to Columbia Heights and Petworth Metro stations along with multiple bus stops.
Interior appointments include 9-inch-wide oak engineered floors, designer-tiled bathrooms, heated towel bars, built-in audio, Nest thermostats, and a tankless water heater. Secure rear parking with an electric charging station is included. The property is positioned near the 11th and 14th Street corridors, with grocery stores, retail, and dining nearby, and offers access to Columbia Heights and Petworth Metro stations along with multiple bus stops.
Key Highlights
- 2,702‑square‑foot residence built in 2022
- Five bedrooms and 4.5 baths across three levels
- Three balconies plus a private rooftop deck
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
$44,895
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
3.33%
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%
$897,900
$897.9K
Cap Rate 7%
$641,357
$641.4K
Cap Rate 9%
$498,833
$498.8K
Market Conditions
NOI Build-Up for 2,702 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
$85.9K $31.80/SF
− Vacancy
−$4.3K −$1.59/SF
EGI
$81.6K $30.21/SF
− OpEx
−$36.7K −$13.59/SF
NOI
$44.9K $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%
$897,900
Cap Rate 7%
$641,357
Cap Rate 9%
$498,833
Alternative Uses
Best Use
Apartment 5plus
$641.4K
$561.2K – $748.3K
NOI $44,895 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,288 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condominium residence with private outdoor spaces, premium finishes, secure parking, and an electric vehicle charging station.
Where is this residential income property located?
The property is located at 3554 13TH STREET NW Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 2,702‑square‑foot residence built in 2022; Five bedrooms and 4.5 baths across three levels; Three balconies plus a private rooftop deck
