Two-Bedroom Apartment with
For Sale
$589,000
4000 CATHEDRAL AVENUE NW Unit 501B, Washington, DC 20016
A renovated kitchen, separate dining room, and dedicated solarium provide distinct spaces for daily living.
Property Size1,600 SF
Price / SF$368.13
Days on Market10
Property Features for 4000 CATHEDRAL AVENUE NW Unit 501B
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
The Westchester
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,284,038
Amenities
convenience market
guest rooms
library
hair salon
dry cleaners
gym/fitness room
in-unit washer/dryer
solarium
Building Details
Building Size
1,600 SF
Year Built
1931
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Elizabeth Bradburn · License #SP98361052
(202) 903-6850
Source:
Kerishull
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 28 at 2:01PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot apartment at The Westchester has two bedrooms, two bathrooms, a separate dining room, and an oversized living room adjoining a solarium. The kitchen has been renovated and includes a Sub-Zero refrigerator, storage, and an under-counter washer and dryer. A foyer, wood floors, built-ins, and 17 windows round out the interior. The unit dates to a 1931 building and has three exposures, with views toward the landscaped grounds. One bathroom has a walk-in shower; the other has a tub and shower.
The Westchester occupies approximately 10 acres and includes a tiered sunken garden. Building amenities include a convenience market, guest rooms, library, hair salon, dry cleaners, and fitness room. A MetroBus stop is directly outside, with another route within a block. Nearby destinations include Foxhall Square, Cathedral Commons, City Ridge, Glover Park, and Washington National Cathedral.
The monthly fee covers property taxes and utilities, excluding Wi-Fi and internet.
The Westchester occupies approximately 10 acres and includes a tiered sunken garden. Building amenities include a convenience market, guest rooms, library, hair salon, dry cleaners, and fitness room. A MetroBus stop is directly outside, with another route within a block. Nearby destinations include Foxhall Square, Cathedral Commons, City Ridge, Glover Park, and Washington National Cathedral.
The monthly fee covers property taxes and utilities, excluding Wi-Fi and internet.
Key Highlights
- Approximately 1,600 square feet with two bedrooms and two bathrooms
- Three exposures and 17 windows; views of the building’s landscaped grounds
- Renovated kitchen with Sub‑Zero refrigerator and under‑counter washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,585
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,700
$531.7K
Cap Rate 7%
$379,786
$379.8K
Cap Rate 9%
$295,389
$295.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$50.9K $31.80/SF
− Vacancy
−$2.5K −$1.59/SF
EGI
$48.3K $30.21/SF
− OpEx
−$21.8K −$13.59/SF
NOI
$26.6K $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%
$531,700
Cap Rate 7%
$379,786
Cap Rate 9%
$295,389
Alternative Uses
Best Use
Apartment 5plus
$379.8K
$332.3K – $443.1K
NOI $26,585 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.0K
$720.1K – $960.2K
NOI $57,609 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
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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 renovated kitchen, separate dining room, and dedicated solarium provide distinct spaces for daily living.
Where is this residential income property located?
The property is located at 4000 CATHEDRAL AVENUE NW Unit 501B Washington, DC.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Approximately 1,600 square feet with two bedrooms and two bathrooms; Three exposures and 17 windows; views of the building’s landscaped grounds; Renovated kitchen with Sub‑Zero refrigerator and under‑counter washer and dryer
