Residential Income Property with
For Sale
$799,000
4100 CATHEDRAL AVENUE NW Unit 617, Washington, DC 20016
Spacious condominium residence with two bedrooms, a flexible den, private balcony, and two separately deeded parking spaces.
Property Size2,120 SF
Price / SF$376.89
Days on Market9
Property Features for 4100 CATHEDRAL AVENUE NW Unit 617
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,918
Building Details
Building Size
2,120 SF
Year Built
1966
Listing Agency:
Compass
Listed By:
Mary Lynn White · License #SP99809
(202) 309-1100
Source:
Kerishull
Added: Aug 26
Changed: Aug 29
Last Checked: Sep 1 at 10:45PM
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.
Located in Washington, DC, this condominium residence includes two bedrooms, a den, two full baths, and a separate laundry and utility room. The den features built-ins, while the kitchen provides solid-wood cabinetry, glass-front storage, and a walk-in pantry. A private balcony extends the living area, and the primary suite includes a fitted walk-in closet, private bath, and additional built-in storage. The second bedroom also has a walk-in closet, and the hall bath includes a soaking tub.
The residence conveys with two separately deeded parking spaces. Building services include a 24-hour concierge, doorman, on-site management, and guest valet parking. Amenities include a renovated fitness center, sauna, dance studio, library, conference room, and an indoor/outdoor pool with operable atrium-style windows. The condominium fee includes all utilities.
The residence conveys with two separately deeded parking spaces. Building services include a 24-hour concierge, doorman, on-site management, and guest valet parking. Amenities include a renovated fitness center, sauna, dance studio, library, conference room, and an indoor/outdoor pool with operable atrium-style windows. The condominium fee includes all utilities.
Key Highlights
- 2,064‑square‑foot residence with two bedrooms, a den, and two full baths
- Private balcony plus separate laundry and utility room
- Kitchen with solid‑wood cabinetry, glass‑front display cabinets, and walk‑in pantry
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
$35,225
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
4.41%
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%
$704,500
$704.5K
Cap Rate 7%
$503,214
$503.2K
Cap Rate 9%
$391,389
$391.4K
Market Conditions
NOI Build-Up for 2,120 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
$67.4K $31.80/SF
− Vacancy
−$3.4K −$1.59/SF
EGI
$64.0K $30.21/SF
− OpEx
−$28.8K −$13.59/SF
NOI
$35.2K $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%
$704,500
Cap Rate 7%
$503,214
Cap Rate 9%
$391,389
Alternative Uses
Best Use
Apartment 5plus
$503.2K
$440.3K – $587.1K
NOI $35,225 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$954.2K – $1.27M
NOI $76,332 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Spacious condominium residence with two bedrooms, a flexible den, private balcony, and two separately deeded parking spaces.
Where is this residential income property located?
The property is located at 4100 CATHEDRAL AVENUE NW Unit 617 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: 2,064‑square‑foot residence with two bedrooms, a den, and two full baths; Private balcony plus separate laundry and utility room; Kitchen with solid‑wood cabinetry, glass‑front display cabinets, and walk‑in pantry
