Two-Level Residential Income
For Sale
$799,000
3904 KANSAS AVENUE NW Unit 1, Washington, DC 20011
Renovated condo with private outdoor space, secure assigned parking, and a flexible bedroom-plus-den layout.
Property Size1,786 SF
Price / SF$443.89
Days on Market15
Property Features for 3904 KANSAS AVENUE NW Unit 1
General Information
Standard status
Active
Size
1,786 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR+den/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,126
Amenities
private outdoor space
fully fenced backyard
in-unit laundry
Building Details
Building Size
1,786 SF
Year Built
1917
Stories
2
Construction
townhouse style
Listing Agency:
Compass
(202) 271-2456
Listed By:
Eva M Davis
(202) 271-2456
Source:
Barnesrealestatecompany
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 12 at 3:30PM
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 two-level rowhouse-style condominium offers approximately 1,800 square feet of finished interior space, with three bedrooms, a den, and three full bathrooms. The main floor features an open living and dining arrangement, high ceilings, hardwood floors, large windows, a bedroom, and a full bath. Its kitchen includes quartz counters, custom cabinetry, tile backsplash, a gas range, and stainless steel appliances. The lower level contains a primary suite with organized closets, an ensuite bath with dual vanities, and sliding-door access to the backyard. In-unit laundry, secure assigned off-street parking, and a roll-up gate add practical convenience. The property was built in 1917 and has been transformed with contemporary finishes.
A fully fenced private yard provides outdoor space for grilling and entertaining. The residence is at 3904 Kansas Avenue NW in Washington, DC, near the Georgia Ave-Petworth Metro Station, major bus routes, the Upshur Street Corridor, 14th Street, Rock Creek Park, neighborhood markets, and the MedStar Washington Hospital Center complex.
A fully fenced private yard provides outdoor space for grilling and entertaining. The residence is at 3904 Kansas Avenue NW in Washington, DC, near the Georgia Ave-Petworth Metro Station, major bus routes, the Upshur Street Corridor, 14th Street, Rock Creek Park, neighborhood markets, and the MedStar Washington Hospital Center complex.
Key Highlights
- Approximately 1,800 square feet across two fully finished levels
- Three bedrooms plus den and three full bathrooms
- Private, fully fenced backyard with access from the residence
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
$28,649
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
3.59%
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%
$572,980
$573.0K
Cap Rate 7%
$409,271
$409.3K
Cap Rate 9%
$318,322
$318.3K
Market Conditions
NOI Build-Up for 1,800 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
$55.3K $30.72/SF
− Vacancy
−$3.2K −$1.78/SF
EGI
$52.1K $28.94/SF
− OpEx
−$23.4K −$13.02/SF
NOI
$28.6K $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%
$572,980
Cap Rate 7%
$409,271
Cap Rate 9%
$318,322
Alternative Uses
Best Use
Apartment 5plus
$409.3K
$358.1K – $477.5K
NOI $28,649 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.3K
$813.2K – $1.08M
NOI $65,054 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,561
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 - Renovated condo with private outdoor space, secure assigned parking, and a flexible bedroom-plus-den layout.
Where is this residential income property located?
The property is located at 3904 KANSAS AVENUE NW Unit 1 Washington, DC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 1,800 square feet across two fully finished levels; Three bedrooms plus den and three full bathrooms; Private, fully fenced backyard with access from the residence
