One-Bedroom Condo with
For Sale
$500,000
4101 ALBEMARLE STREET NW Unit 428, Washington, DC 20016
Located above Tenley Metro, the residence features expansive windows and refreshed interior finishes.
Property Size897 SF
Price / SF$557.41
Days on Market57
Property Features for 4101 ALBEMARLE STREET NW Unit 428
General Information
Standard status
Active
Size
897 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Tenleytown
Public Transit
Yes
Units
Unit Mix
1 x 1BR/den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,187
Amenities
24 hour concierge
fitness center
courtyard
terrace
solar panels
pet friendly
Building Details
Building Size
897 SF
Year Built
2005
Listing Agency:
Compass
Listed By:
Nancy L Mannino
(301) 461-1018
Source:
Irvinrealtyllc
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
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
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Investment Insights
Based on property information with market context.
This one-bedroom residence includes a den and floor-to-ceiling windows. Interior updates include new flooring and an updated bathroom, while the appliance and systems package includes a range, microwave, washer and dryer, and water heater. The building was completed in 2005 and has solar panels, a 24-hour concierge, a fitness center, courtyard, and terrace. Pets are allowed in the building.
Tenley Metro is directly below the property. Nearby amenities include Target, Whole Foods, CVS, Guapo’s, Tenley Library, and Wilson Aquatic Center. Rental parking is typically available from other unit owners.
Tenley Metro is directly below the property. Nearby amenities include Target, Whole Foods, CVS, Guapo’s, Tenley Library, and Wilson Aquatic Center. Rental parking is typically available from other unit owners.
Key Highlights
- One‑bedroom residence with a den
- Floor‑to‑ceiling windows
- New flooring and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,904
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,080
$298.1K
Cap Rate 7%
$212,914
$212.9K
Cap Rate 9%
$165,600
$165.6K
Market Conditions
NOI Build-Up for 897 SF
Gross rent
$28.5K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$27.1K $30.21/SF
− OpEx
−$12.2K −$13.59/SF
NOI
$14.9K $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 Rate 5%
$298,080
Cap Rate 7%
$212,914
Cap Rate 9%
$165,600
Alternative Uses
Best Use
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,904 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,823
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 - Located above Tenley Metro, the residence features expansive windows and refreshed interior finishes.
Where is this residential income property located?
The property is located at 4101 ALBEMARLE STREET NW Unit 428 Washington, DC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: One‑bedroom residence with a den; Floor‑to‑ceiling windows; New flooring and updated bathroom
