Residential Income Property with Private
New
For Sale
$645,000
4114 DAVIS PLACE NW Unit 104, Washington, DC 20007
Spacious condominium residence with private outdoor space, deeded parking, and access to landscaped shared grounds.
Property Size1,371 SF
Price / SF$470.46
Days on Market5
Property Features for 4114 DAVIS PLACE NW Unit 104
General Information
Standard status
Active
Size
1,371 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,323
Amenities
private patio
bike storage
laundry facilities
shared outdoor spaces
Building Details
Building Size
1,371 SF
Year Built
1955
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Nicholas Hazelton · License #SP40000837
(415) 516-4613
Source:
Kerishull
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 13 at 1:08PM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
This 1,371-square-foot condominium residence includes three bedrooms, two bathrooms, hardwood flooring, extensive closet storage, and a central heat pump serving heating and air conditioning needs. The primary bedroom has an en-suite bath, while a private patio with an awning extends the living area outdoors. The home also conveys with a separately deeded one-car parking space.
The property is located at 4114 Davis Place NW in Washington, DC, adjacent to the 183-acre Glover Archbold Park and near Glover Park, Cathedral Heights, Georgetown, and Wisconsin Avenue shopping and dining. The 1955 building features landscaped grounds, on-site management, bike storage, laundry facilities, and shared outdoor areas. The monthly HOA fee covers all utilities except electric.
The property is located at 4114 Davis Place NW in Washington, DC, adjacent to the 183-acre Glover Archbold Park and near Glover Park, Cathedral Heights, Georgetown, and Wisconsin Avenue shopping and dining. The 1955 building features landscaped grounds, on-site management, bike storage, laundry facilities, and shared outdoor areas. The monthly HOA fee covers all utilities except electric.
Key Highlights
- 1,371‑square‑foot residence with 3 bedrooms and 2 bathrooms
- Private patio with awning and direct access to landscaped shared grounds
- Separately deeded one‑car parking space conveys with the residence
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
$22,780
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
3.53%
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%
$455,600
$455.6K
Cap Rate 7%
$325,429
$325.4K
Cap Rate 9%
$253,111
$253.1K
Market Conditions
NOI Build-Up for 1,371 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
$43.6K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$41.4K $30.21/SF
− OpEx
−$18.6K −$13.59/SF
NOI
$22.8K $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%
$455,600
Cap Rate 7%
$325,429
Cap Rate 9%
$253,111
Alternative Uses
Best Use
Apartment 5plus
$325.4K
$284.8K – $379.7K
NOI $22,780 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$705.2K
$617.1K – $822.7K
NOI $49,364 @ 7.0% cap · market cap 7.65%
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
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Spacious condominium residence with private outdoor space, deeded parking, and access to landscaped shared grounds.
Where is this residential income property located?
The property is located at 4114 DAVIS PLACE NW Unit 104 Washington, DC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1,371‑square‑foot residence with 3 bedrooms and 2 bathrooms; Private patio with awning and direct access to landscaped shared grounds; Separately deeded one‑car parking space conveys with the residence
