Two-Bedroom Residential Income
For Sale
$370,000
3825 DAVIS PLACE NW Unit 102, Washington, DC 20007
Second-floor condominium with refinished hardwood floors, flexible bonus room, and basement storage.
Property Size762 SF
Price / SF$485.56
Days on Market171
Property Features for 3825 DAVIS PLACE NW Unit 102
General Information
Standard status
Active
Size
762 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,134
Building Details
Building Size
762 SF
Year Built
1954
Listing Agency:
Compass
(703) 342-7812
Listed By:
Samira Daamash · License #SP200202799
(703) 342-7812
Source:
Kwcapitalproperties
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 9 at 11:26AM
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 second-floor residential income condominium at 3825 Davis Place NW offers 762 square feet with two bedrooms and one bathroom. The second bedroom is identified as a bonus or flex room with a door, providing adaptable additional space. Recent interior improvements include fresh paint and refinished hardwood floors. The layout includes a living area, kitchen, two bedrooms, and basement storage assigned to the unit.
Built in 1954, the low-rise property is located in Washington, DC, within the 20007 ZIP code. The unit is not on the ground level and receives natural light while providing separation from street-level activity. Its existing configuration combines a compact residential footprint with practical storage and flexible room use.
Built in 1954, the low-rise property is located in Washington, DC, within the 20007 ZIP code. The unit is not on the ground level and receives natural light while providing separation from street-level activity. Its existing configuration combines a compact residential footprint with practical storage and flexible room use.
Key Highlights
- 762‑square‑foot second‑floor condominium
- Two bedrooms and one bathroom
- Second bedroom functions as a bonus or flex room with a door
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
$12,661
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
3.42%
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%
$253,220
$253.2K
Cap Rate 7%
$180,871
$180.9K
Cap Rate 9%
$140,678
$140.7K
Market Conditions
NOI Build-Up for 762 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
$24.2K $31.80/SF
− Vacancy
−$1.2K −$1.59/SF
EGI
$23.0K $30.21/SF
− OpEx
−$10.4K −$13.59/SF
NOI
$12.7K $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%
$253,220
Cap Rate 7%
$180,871
Cap Rate 9%
$140,678
Alternative Uses
Best Use
Apartment 5plus
$180.9K
$158.3K – $211.0K
NOI $12,661 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.9K
$343.0K – $457.3K
NOI $27,436 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with refinished hardwood floors, flexible bonus room, and basement storage.
Where is this residential income property located?
The property is located at 3825 DAVIS PLACE NW Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 762‑square‑foot second‑floor condominium; Two bedrooms and one bathroom; Second bedroom functions as a bonus or flex room with a door
