Residential Income Property with Park
New
For Sale
$295,000
4000 CATHEDRAL AVE NW #243B, Washington, DC 20016
WASHINGTON, DC
Property Size1,100 SF
Price / SF$268.18
Days on Market6
Property Features for 4000 CATHEDRAL AVE NW #243B
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
OBSERVATORY CIRCLE
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Amenities
convenience market
guest rooms
library
hair salon
dry cleaners
gym/fitness room
Building Details
Year built
1931
Listing Agency:
Chevy Chase Circle
(202) 966-1400
Listed By:
Lisa Bradburn
(202) 903-6850
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 12:06AM
MLS# DCDC2281518
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At the Westchester, this one-bedroom, one-bathroom residence offers approximately 1,100 square feet, based on cooperative records. A formal entry leads to a living room with three windows and a separate dining room featuring built-in cabinetry. The dining area can also accommodate additional seating or a work area. The kitchen has parallel work surfaces, a park-facing window, and a pass-through entrance from the foyer. The bedroom fits a king-size bed and includes two closets. A full bathroom renovation was completed in 2025. Parquet flooring, ornate crown molding, ceiling medallions, and ceilings just under 9 feet contribute to the interior character. The building dates to 1931.
The Westchester occupies approximately 10 acres and includes a tiered garden and fountain. On-site amenities include a convenience market, guest rooms, library, hair salon, dry cleaner, and fitness room. MetroBus service is available directly outside the property on the D90 route, with the D96 route within a block. Nearby destinations include Foxhall Square, Cathedral Commons, City Ridge, Glover Park, and Washington National Cathedral. The monthly fee includes utilities other than internet and Wi-Fi, as well as property taxes.
The Westchester occupies approximately 10 acres and includes a tiered garden and fountain. On-site amenities include a convenience market, guest rooms, library, hair salon, dry cleaner, and fitness room. MetroBus service is available directly outside the property on the D90 route, with the D96 route within a block. Nearby destinations include Foxhall Square, Cathedral Commons, City Ridge, Glover Park, and Washington National Cathedral. The monthly fee includes utilities other than internet and Wi-Fi, as well as property taxes.
Key Highlights
- Approximately 1,100 square feet, estimated from cooperative records
- One bedroom and one bathroom; bathroom renovated in 2025
- Separate living and dining rooms; dining room has built‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,277
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,540
$365.5K
Cap Rate 7%
$261,100
$261.1K
Cap Rate 9%
$203,078
$203.1K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$35.0K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$33.2K $30.21/SF
− OpEx
−$15.0K −$13.59/SF
NOI
$18.3K $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 Rate 5%
$365,540
Cap Rate 7%
$261,100
Cap Rate 9%
$203,078
Alternative Uses
Best Use
Apartment 5plus
$261.1K
$228.5K – $304.6K
NOI $18,277 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,606 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence pairs formal entertaining spaces with a renovated bath and views toward Glover Archbold Park.
Where is this residential income property located?
The property is located at 4000 CATHEDRAL AVE NW #243B Washington, DC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,100 square feet, estimated from cooperative records; One bedroom and one bathroom; bathroom renovated in 2025; Separate living and dining rooms; dining room has built‑ins
