Residential Income Property with Garage
For Sale
$275,000
4200 CATHEDRAL AVENUE NW Unit 812, Washington, DC 20016
The condominium combines two bedrooms and two baths with building services, shared amenities, and a reserved garage space.
Property Size1,062 SF
Price / SF$258.95
Days on Market143
Property Features for 4200 CATHEDRAL AVENUE NW Unit 812
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wesley Heights
Taxes and HOA fees
Annual Taxes
$2,616
Building Details
Building Size
1,062 SF
Year Built
1957
Listing Agency:
Compass
Listed By:
Melissa J Lango · License #SP98375956
(610) 554-9689
Source:
Districtpropertygroup
Added: Jun 10
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,062-square-foot condominium has two bedrooms, two baths, hardwood floors, and a freshly painted interior. Windows in each room bring in natural light, and the unit includes a reserved garage parking space and a separate storage unit. The building dates to 1957 and offers a rooftop, fitness center, meeting rooms, common laundry, and 24/7 concierge service.
A bus stop is located at the building entrance, with access to Tenleytown and Georgetown; American University is within walking distance. The condo fee covers water, heat, gas, electricity, cable TV, internet, management, and concierge service.
A bus stop is located at the building entrance, with access to Tenleytown and Georgetown; American University is within walking distance. The condo fee covers water, heat, gas, electricity, cable TV, internet, management, and concierge service.
Key Highlights
- Two bedrooms and two baths in 1,062 square feet
- Reserved garage parking space and separate storage unit
- 24/7 concierge, rooftop, fitness center, meeting rooms, and common laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,646
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,920
$352.9K
Cap Rate 7%
$252,086
$252.1K
Cap Rate 9%
$196,067
$196.1K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$33.8K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$32.1K $30.21/SF
− OpEx
−$14.4K −$13.59/SF
NOI
$17.6K $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%
$352,920
Cap Rate 7%
$252,086
Cap Rate 9%
$196,067
Alternative Uses
Best Use
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,646 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.3K
$478.0K – $637.3K
NOI $38,238 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
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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 - The condominium combines two bedrooms and two baths with building services, shared amenities, and a reserved garage space.
Where is this residential income property located?
The property is located at 4200 CATHEDRAL AVENUE NW Unit 812 Washington, DC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two bedrooms and two baths in 1,062 square feet; Reserved garage parking space and separate storage unit; 24/7 concierge, rooftop, fitness center, meeting rooms, and common laundry
