Two-Bedroom Residential Income
For Sale
$199,000
4200 CATHEDRAL AVENUE NW Unit 106, Washington, DC 20016
Corner condominium residence with wood flooring, two full baths, and on-site fitness and front desk services.
Property Size1,090 SF
Price / SF$182.57
Days on Market64
Property Features for 4200 CATHEDRAL AVENUE NW Unit 106
General Information
Standard status
Active
Size
1,090 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wesley Heights
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
fitness center
front desk service
Building Details
Building Size
1,090 SF
Year Built
1957
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Hamid Samiy · License #AB00095914
(202) 714-1300
Source:
Exqrealestate
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 3:54AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This corner condominium residence contains 1,090 square feet, with two bedrooms, two full bathrooms, wood floors, and additional closet and storage space. Built in 1957, the unit also includes one outdoor parking space. Building amenities include a fitness center and front desk service; utilities are covered by the monthly condominium fee.
The property is at Cathedral and New Mexico Avenues in Wesley Heights, with neighborhood shopping, dining, and parks among the nearby amenities. Its corner position and two-bedroom, two-bathroom layout define the residence’s principal features.
The property is at Cathedral and New Mexico Avenues in Wesley Heights, with neighborhood shopping, dining, and parks among the nearby amenities. Its corner position and two-bedroom, two-bathroom layout define the residence’s principal features.
Key Highlights
- 1,090‑square‑foot corner condominium residence
- Two bedrooms and two full bathrooms
- Wood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,111
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,220
$362.2K
Cap Rate 7%
$258,729
$258.7K
Cap Rate 9%
$201,233
$201.2K
Market Conditions
NOI Build-Up for 1,090 SF
Gross rent
$34.7K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.9K $30.21/SF
− OpEx
−$14.8K −$13.59/SF
NOI
$18.1K $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%
$362,220
Cap Rate 7%
$258,729
Cap Rate 9%
$201,233
Alternative Uses
Best Use
Apartment 5plus
$258.7K
$226.4K – $301.9K
NOI $18,111 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$560.7K
$490.6K – $654.1K
NOI $39,246 @ 7.0% cap · market cap 19.72%
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
1,247
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 - Corner condominium residence with wood flooring, two full baths, and on-site fitness and front desk services.
Where is this residential income property located?
The property is located at 4200 CATHEDRAL AVENUE NW Unit 106 Washington, DC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,090‑square‑foot corner condominium residence; Two bedrooms and two full bathrooms; Wood flooring throughout
