Building Details

Building Size 1,247 SF

Year Built 2023

Listing Agency: Keller Williams Capital Properties

Listed By: Brettany Payne · License #0225274065 Show Phone

Source: Vwolpert.kw

Added: Aug 18 Changed: Oct 13 Last Checked: Oct 19 at 3:42AM

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Investment Insights

Based on property information with market context.

This two-bedroom, two-bathroom residence at Upton Place offers 1,247 square feet of interior space. Hardwood flooring and oversized windows complement a kitchen with upgraded countertops and a full refrigerator. The building, completed in 2023, includes a roof deck, swimming pool, lounge, common grounds, and bike room. Cats are welcome, and garage parking may be available subject to availability and an additional fee.

Located on Wisconsin Avenue NW in Washington, DC, the property is within the city’s broader transit network. The residence pairs private living space with shared indoor and outdoor amenities in a newer-construction building.

Key Highlights

• Two bedrooms and two bathrooms in 1,247 square feet
• Hardwood floors and oversized windows
• Kitchen includes upgraded countertops and a full refrigerator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,720

Suggested Prices Based on Cap Rates

Cap Rate 5%

$414,400 $414.4K

Cap Rate 7%

$296,000 $296.0K

Cap Rate 9%

$230,222 $230.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,247 SF

Gross rent

$39.7K $31.80/SF

− Vacancy

−$2.0K −$1.59/SF

EGI

$37.7K $30.21/SF

− OpEx

−$17.0K −$13.59/SF

NOI

$20.7K $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 Rate 5%

$414,400

Cap Rate 7%

$296,000

Cap Rate 9%

$230,222

Alternative Uses

Best Use

Apartment 5plus

$296.0K

$259.0K – $345.3K (±1% cap)

NOI $20,720 @ 7.0% cap · market cap 471.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$641.4K

$561.2K – $748.3K (±1% cap)

NOI $44,899 @ 7.0% cap · market cap 1,020.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Tenley Studio Hair Salon Placemakr Cathedral Heights Hotel & Motel TRAC Auctions Real Estate Agency Upton Place Real Estate Agency

Suggested Use

Top Pick Hair Salon Auto Repair Shop Building Supply Spa & Massage Center Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,761

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 - The residence combines hardwood floors and oversized windows with shared building amenities, including a pool and roof deck.

Where is this residential income property located?

The property is located at 4000 WISCONSIN AVENUE NW #PARC-4104 Washington, DC.

What are key features of this property?

This property features: Two bedrooms and two bathrooms in 1,247 square feet; Hardwood floors and oversized windows; Kitchen includes upgraded countertops and a full refrigerator