Renovated Residential Income
For Sale
$160,000
4110 AMES STREET NE Unit 102, Washington, DC 20019
Two-bedroom condominium with private balcony, parking, and washer-dryer units.
Property Size744 SF
Days on Market284
Property Features for 4110 AMES STREET NE Unit 102
General Information
Standard status
Active
Size
744 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Benning
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,161
Amenities
private balcony
washer/dryer
extra storage
secured entry
fenced-in area
Building Details
Building Size
744 SF
Year Built
1963
Listing Agency:
Samson Properties
Listed By:
Bijo Skariah · License #SP200202137
(240) 429-7630
Source:
Kwcapitalproperties
Added: Jan 20
Changed: Oct 28
Last Checked: Oct 30 at 11:39PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath condominium was built in 1963 and features a renovated kitchen equipped with new stainless steel appliances and granite countertops. Hardwood flooring extends through the living areas, while a private balcony adds outdoor space. The unit also includes washer-dryer units, additional storage, and a designated parking spot.
The property is located within walking distance of Deanwood Metro station, a park, restaurants, grocery stores, and retail. Deanwood, Minnesota Avenue, Benning Road, and Capitol Heights Metro stations provide service on the Orange, Blue, and Silver lines. Metrobus and Capital Bikeshare options are also nearby, and downtown Washington is approximately 15 minutes away by car. The building offers secured entry and sits within a fenced, maintained property.
The property is located within walking distance of Deanwood Metro station, a park, restaurants, grocery stores, and retail. Deanwood, Minnesota Avenue, Benning Road, and Capitol Heights Metro stations provide service on the Orange, Blue, and Silver lines. Metrobus and Capital Bikeshare options are also nearby, and downtown Washington is approximately 15 minutes away by car. The building offers secured entry and sits within a fenced, maintained property.
Key Highlights
- 2‑bedroom, 1‑bath condominium built in 1963
- Renovated kitchen with new stainless steel appliances and granite countertops
- Private balcony and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,832
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,640
$256.6K
Cap Rate 7%
$183,314
$183.3K
Cap Rate 9%
$142,578
$142.6K
Market Conditions
NOI Build-Up for 744 SF
Gross rent
$24.8K $33.36/SF
− Vacancy
−$1.5K −$2.00/SF
EGI
$23.3K $31.36/SF
− OpEx
−$10.5K −$14.11/SF
NOI
$12.8K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,640
Cap Rate 7%
$183,314
Cap Rate 9%
$142,578
Alternative Uses
Best Use
Apartment 5plus
$183.3K
$160.4K – $213.9K
NOI $12,832 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.8K
$349.8K – $466.5K
NOI $27,987 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
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Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with private balcony, parking, and washer-dryer units.
Where is this residential income property located?
The property is located at 4110 AMES STREET NE Unit 102 Washington, DC.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath condominium built in 1963; Renovated kitchen with new stainless steel appliances and granite countertops; Private balcony and hardwood flooring
