Residential Income Property with
For Sale
$500,000
4114 DAVIS PLACE NW Unit 315, Washington, DC 20007
Top-floor two-bedroom condominium with an updated kitchen, assigned parking, storage, and shared outdoor amenities.
Property Size1,165 SF
Days on Market31
Property Features for 4114 DAVIS PLACE NW Unit 315
General Information
Standard status
Active
Size
1,165 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,644
Amenities
covered balcony
courtyard
extra storage
Building Details
Building Size
1,165 SF
Year Built
1955
Listing Agency:
RLAH @properties
(202) 213-9979
Listed By:
Robert W Sabanosh · License #SP98359926
(202) 213-9979
Source:
Kwcapitalproperties
Added: Jul 24
Changed: Aug 20
Last Checked: Aug 22 at 10:40AM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This top-floor residential income property is configured as a two-bedroom condominium with an open living area and an updated kitchen. Both bedrooms receive light from windows on two sides, while the living room offers enough flexibility for separate seating arrangements. A covered balcony extends the living space and faces Glover Archbold Park. The property also includes an assigned parking space and additional storage.
Shared amenities include a courtyard with grilling space and access to a nearby community garden. The surrounding setting provides opportunities for walking and hiking in Glover Archbold Park, with shopping and dining available in Glover Park and Georgetown. Built in 1955, the property combines a flexible interior layout with outdoor areas and established neighborhood amenities.
Shared amenities include a courtyard with grilling space and access to a nearby community garden. The surrounding setting provides opportunities for walking and hiking in Glover Archbold Park, with shopping and dining available in Glover Park and Georgetown. Built in 1955, the property combines a flexible interior layout with outdoor areas and established neighborhood amenities.
Key Highlights
- Top‑floor two‑bedroom condominium
- Updated kitchen and open interior layout
- Covered balcony overlooking Glover Archbold Park
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
$19,357
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
3.87%
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%
$387,140
$387.1K
Cap Rate 7%
$276,529
$276.5K
Cap Rate 9%
$215,078
$215.1K
Market Conditions
NOI Build-Up for 1,165 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
$37.0K $31.80/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$35.2K $30.21/SF
− OpEx
−$15.8K −$13.59/SF
NOI
$19.4K $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%
$387,140
Cap Rate 7%
$276,529
Cap Rate 9%
$215,078
Alternative Uses
Best Use
Apartment 5plus
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$599.2K
$524.3K – $699.1K
NOI $41,947 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor two-bedroom condominium with an updated kitchen, assigned parking, storage, and shared outdoor amenities.
Where is this residential income property located?
The property is located at 4114 DAVIS PLACE NW Unit 315 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: Top‑floor two‑bedroom condominium; Updated kitchen and open interior layout; Covered balcony overlooking Glover Archbold Park
