Park-View Residential Income
For Sale
$475,000
4100 CATHEDRAL AVENUE NW Unit 717, Washington, DC 20016
One-bedroom condominium residence with private balcony, garage parking, storage, and extensive building amenities.
Property Size1,273 SF
Price / SF$373.13
Days on Market130
Property Features for 4100 CATHEDRAL AVENUE NW Unit 717
General Information
Standard status
Active
Size
1,273 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,523
Amenities
24-hour concierge
on-site management
guest valet parking
fitness center
pool
sauna
dance studio
pet-friendly
Building Details
Building Size
1,273 SF
Year Built
1966
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Kelly Lee · License #SP98376282
(202) 236-2901
Source:
Kerishull
Added: May 7
Changed: Sep 9
Last Checked: Sep 12 at 7:11AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Residence 717 at Cathedral West is a 1,273-square-foot condominium with one bedroom, 1.5 baths, a separate dining room, a spacious living area, and a large kitchen suited to cooking, work, or informal meals. A private balcony faces the wooded landscape of Glover Archbold Park. The primary suite includes an ensuite bath and substantial closet space, while a foyer, powder room, and additional storage support the layout. The property includes a separately deeded garage parking space.
Cathedral West is a 92-unit, pet-friendly community completed in 1966. Building services and amenities include utilities covered through the condo fee, 24-hour concierge service, on-site management, guest valet parking, a renovated fitness center, year-round pool, sauna, and dance studio. The residence is near American University, shops, restaurants, and daily conveniences in Washington, D.C.
Cathedral West is a 92-unit, pet-friendly community completed in 1966. Building services and amenities include utilities covered through the condo fee, 24-hour concierge service, on-site management, guest valet parking, a renovated fitness center, year-round pool, sauna, and dance studio. The residence is near American University, shops, restaurants, and daily conveniences in Washington, D.C.
Key Highlights
- 1,273‑square‑foot condominium residence with one bedroom and 1.5 baths
- Private balcony overlooking the wooded setting of Glover Archbold Park
- Separately deeded garage parking space plus additional storage
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
4.45%
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 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.8K
$572.9K – $763.9K
NOI $45,835 @ 7.0% cap · market cap 9.65%
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
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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 - One-bedroom condominium residence with private balcony, garage parking, storage, and extensive building amenities.
Where is this residential income property located?
The property is located at 4100 CATHEDRAL AVENUE NW Unit 717 Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,273‑square‑foot condominium residence with one bedroom and 1.5 baths; Private balcony overlooking the wooded setting of Glover Archbold Park; Separately deeded garage parking space plus additional storage
