Two-Bedroom Residential Income
For Sale
$299,900
410 O STREET SW Unit 106, Washington, DC 20024
Garden-style residence with a renovated private patio, covered parking, storage, and access to community laundry.
Property Size1,163 SF
Days on Market131
Property Features for 410 O STREET SW Unit 106
General Information
Standard status
Active
Size
1,163 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,479
Amenities
private patio
community laundry
storage unit
Building Details
Building Size
1,163 SF
Year Built
1965
Construction
garden-style
Listing Agency:
Keller Williams Realty
Listed By:
Jovan Vidulovic
(301) 919-3947
Source:
Kwcapitalproperties
Added: May 8
Changed: Sep 10
Last Checked: Sep 14 at 10:19AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath garden-style residence at 410 O Street SW includes a newly renovated private patio, expansive windows, and a bright interior suited to everyday living. The property also provides a dedicated covered garage space with remote-controlled entry, visitor parking passes, and an assigned separate storage unit. Community laundry is available, with the option to add an in-unit ventless washer and dryer. Gas, electric, water, and trash are included in the monthly condo fee.
The residence is steps from the waterfront and approximately 3 to 4 blocks from the Waterfront Metro station on the Green Line. The Wharf, Nationals Park, Audi Field, neighborhood parks, and major commuter routes are described as nearby. Built in 1965, the property combines private outdoor space and practical building amenities within Washington, DC’s Southwest Waterfront area.
The residence is steps from the waterfront and approximately 3 to 4 blocks from the Waterfront Metro station on the Green Line. The Wharf, Nationals Park, Audi Field, neighborhood parks, and major commuter routes are described as nearby. Built in 1965, the property combines private outdoor space and practical building amenities within Washington, DC’s Southwest Waterfront area.
Key Highlights
- 2‑bedroom, 2‑bath garden‑style residence
- Newly renovated private patio
- Dedicated covered garage space with remote‑controlled entry
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
$19,324
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
6.44%
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%
$386,480
$386.5K
Cap Rate 7%
$276,057
$276.1K
Cap Rate 9%
$214,711
$214.7K
Market Conditions
NOI Build-Up for 1,163 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
$37.0K $31.80/SF
− Vacancy
−$1.8K −$1.59/SF
EGI
$35.1K $30.21/SF
− OpEx
−$15.8K −$13.59/SF
NOI
$19.3K $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 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%
$386,480
Cap Rate 7%
$276,057
Cap Rate 9%
$214,711
Alternative Uses
Best Use
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,324 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$598.2K
$523.4K – $697.9K
NOI $41,875 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-style residence with a renovated private patio, covered parking, storage, and access to community laundry.
Where is this residential income property located?
The property is located at 410 O STREET SW Unit 106 Washington, DC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath garden‑style residence; Newly renovated private patio; Dedicated covered garage space with remote‑controlled entry
