Residential Income Property with
For Sale
$554,000
4100 CATHEDRAL AVENUE NW Unit 805, Washington, DC 20016
Condominium residence with two separate wings, extensive built-in storage, garage parking, and access to full-service building amenities.
Property Size1,273 SF
Price / SF$435.19
Days on Market47
Property Features for 4100 CATHEDRAL AVENUE NW Unit 805
General Information
Standard status
Active
Size
1,273 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,396
Amenities
concierge
fitness center
heated swimming pool
sun deck
sauna
dance studio
library
conference room
Building Details
Building Size
1,273 SF
Year Built
1966
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Jennifer K Wellde · License #AB96257
(301) 602-1596
Source:
Kerishull
Added: Jul 26
Changed: Aug 31
Last Checked: Sep 10 at 7:00AM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
This 1,804-square-foot condominium residence, built in 1966, is arranged in two distinct wings for separation between the primary suite and a den or second bedroom. The entry foyer includes a coat closet and powder room, while the main living areas comprise a large living room, dining room, and kitchen with Jenn-Air appliances, gas cooktop, dual ovens, wine refrigerator, and glass tile backsplash. Custom built-ins provide substantial storage, and the primary suite includes dual vanities, additional built-in storage, and a walk-in closet. The secondary wing has an ensuite bath, library nook, and pocket doors.
The property includes storage unit G3-11 and one garage parking space, G2-25. Cathedral West is a 92-unit, pet-friendly building with 24-hour concierge service, on-site management, guest valet parking, a fitness center, heated swimming pool, sun deck, sauna, dance studio, library, and conference room. The condominium fee includes all utilities. The building is near American University, restaurants, shopping, everyday conveniences, and a bus line outside the front entrance.
The property includes storage unit G3-11 and one garage parking space, G2-25. Cathedral West is a 92-unit, pet-friendly building with 24-hour concierge service, on-site management, guest valet parking, a fitness center, heated swimming pool, sun deck, sauna, dance studio, library, and conference room. The condominium fee includes all utilities. The building is near American University, restaurants, shopping, everyday conveniences, and a bus line outside the front entrance.
Key Highlights
- 1,804‑square‑foot condominium residence with two distinct wings
- Primary suite with ensuite bath, dual vanities, built‑in storage, and walk‑in closet
- Kitchen with Jenn‑Air appliances, gas cooktop, dual ovens, and wine refrigerator
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
$21,152
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
3.82%
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%
$423,040
$423.0K
Cap Rate 7%
$302,171
$302.2K
Cap Rate 9%
$235,022
$235.0K
Market Conditions
NOI Build-Up for 1,273 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
$40.5K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$38.5K $30.21/SF
− OpEx
−$17.3K −$13.59/SF
NOI
$21.2K $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%
$423,040
Cap Rate 7%
$302,171
Cap Rate 9%
$235,022
Alternative Uses
Best Use
Apartment 5plus
$302.2K
$264.4K – $352.5K
NOI $21,152 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.8K
$572.9K – $763.9K
NOI $45,835 @ 7.0% cap · market cap 8.27%
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 - Condominium residence with two separate wings, extensive built-in storage, garage parking, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 4100 CATHEDRAL AVENUE NW Unit 805 Washington, DC.
What is the asking price?
The asking price for this property is $554,000.
What are key features of this property?
This property features: 1,804‑square‑foot condominium residence with two distinct wings; Primary suite with ensuite bath, dual vanities, built‑in storage, and walk‑in closet; Kitchen with Jenn‑Air appliances, gas cooktop, dual ovens, and wine refrigerator
