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 Market236
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
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
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: Sep 2
Last Checked: Sep 12 at 8:53AM
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
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 = 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
$12,832
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
8.02%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
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
