Residential Income Property with
For Sale
$699,000
4100 CATHEDRAL AVENUE NW Unit 820, Washington, DC 20016
Expanded three-bedroom residence with flexible living space, private outdoor area, parking, and extensive building amenities.
Property Size1,905 SF
Price / SF$366.93
Days on Market115
Property Features for 4100 CATHEDRAL AVENUE NW Unit 820
General Information
Standard status
Active
Size
1,905 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,129
Amenities
24-hour concierge
on-site management
guest valet parking
fitness center
year-round heated pool
sauna
dance studio
library
pet-friendly
laundry facilities
Building Details
Building Size
1,905 SF
Year Built
1966
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Kimberly A Cestari · License #SP98364172
(202) 253-8757
Source:
Kerishull
Added: May 19
Changed: Sep 8
Last Checked: Sep 9 at 9:35AM
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.
Investment Insights
Based on property information with market context.
This 1,905-square-foot residence at Cathedral West offers three bedrooms, 2.5 baths, and an adaptable interior configuration. A former third bedroom has been opened into a flex area with built-ins that can function as an office, library, den, or bedroom. The home also includes two walk-in closets in the primary suite, a private balcony, two separately deeded main-level parking spaces, and a storage unit. The residence was built in 1966.
Floor-to-ceiling windows face the tree canopy of Glover-Archbold Park. The unit is located 20 feet from the building's laundry facilities. Cathedral West is a 92-unit, pet-friendly building with 24-hour concierge service, on-site management, guest valet parking, a renovated fitness center, year-round heated pool, sauna, dance studio, and library. Building utilities are included in the monthly condo fee.
Floor-to-ceiling windows face the tree canopy of Glover-Archbold Park. The unit is located 20 feet from the building's laundry facilities. Cathedral West is a 92-unit, pet-friendly building with 24-hour concierge service, on-site management, guest valet parking, a renovated fitness center, year-round heated pool, sauna, dance studio, and library. Building utilities are included in the monthly condo fee.
Key Highlights
- 1,905‑square‑foot residence with 3 bedrooms and 2.5 baths
- Flexible space can serve as an office, library, den, or third bedroom
- Private balcony and floor‑to‑ceiling windows overlooking Glover‑Archbold Park
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
$31,653
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
4.53%
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%
$633,060
$633.1K
Cap Rate 7%
$452,186
$452.2K
Cap Rate 9%
$351,700
$351.7K
Market Conditions
NOI Build-Up for 1,905 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
$60.6K $31.80/SF
− Vacancy
−$3.0K −$1.59/SF
EGI
$57.6K $30.21/SF
− OpEx
−$25.9K −$13.59/SF
NOI
$31.7K $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 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%
$633,060
Cap Rate 7%
$452,186
Cap Rate 9%
$351,700
Alternative Uses
Best Use
Apartment 5plus
$452.2K
$395.7K – $527.6K
NOI $31,653 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$979.9K
$857.4K – $1.14M
NOI $68,591 @ 7.0% cap · market cap 9.81%
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 - Expanded three-bedroom residence with flexible living space, private outdoor area, parking, and extensive building amenities.
Where is this residential income property located?
The property is located at 4100 CATHEDRAL AVENUE NW Unit 820 Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,905‑square‑foot residence with 3 bedrooms and 2.5 baths; Flexible space can serve as an office, library, den, or third bedroom; Private balcony and floor‑to‑ceiling windows overlooking Glover‑Archbold Park
