Residential Income Property with Private
For Sale
$525,000
4201 CATHEDRAL AVENUE NW Unit 124E, Washington, DC 20016
The residence includes garage parking and access from its patio to a gated courtyard and swimming pool.
Property Size1,468 SF
Price / SF$357.63
Days on Market204
Property Features for 4201 CATHEDRAL AVENUE NW Unit 124E
General Information
Standard status
Active
Size
1,468 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Wesley Heights
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$1,519
Amenities
patio
gated courtyard
doorman
24 hour attended front desk
fitness center
beauty salon
flower shop
on-site grocery store
library
community room
tennis court
swimming pool
Building Details
Building Size
1,468 SF
Year Built
1960
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Paul K Madsen · License #SP100287
(202) 255-1739
Source:
Canopy-re
Added: Apr 10
Changed: Oct 26
Last Checked: Oct 26 at 3:38PM
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 1,468-square-foot apartment-style residence, built in 1960, has been renovated with new flooring and a finished primary bathroom. The interior includes a foyer, a living area with built-in storage or display features, and a galley kitchen with a window. A private patio connects to a gated courtyard and the community pool, and garage parking is included.
The building provides a doorman and an attended front desk, along with a fitness center, salon, flower shop, grocery store, library, and community room. Outdoor amenities include a tennis court and a pool open from mid-May through mid-September. The condominium fee includes electricity, gas, water, and sewer.
The building provides a doorman and an attended front desk, along with a fitness center, salon, flower shop, grocery store, library, and community room. Outdoor amenities include a tennis court and a pool open from mid-May through mid-September. The condominium fee includes electricity, gas, water, and sewer.
Key Highlights
- 1,468‑square‑foot residence built in 1960
- Private patio with access to a gated courtyard and swimming pool
- Renovated interior with new flooring and a finished primary bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,392
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,840
$487.8K
Cap Rate 7%
$348,457
$348.5K
Cap Rate 9%
$271,022
$271.0K
Market Conditions
NOI Build-Up for 1,468 SF
Gross rent
$46.7K $31.80/SF
− Vacancy
−$2.3K −$1.59/SF
EGI
$44.3K $30.21/SF
− OpEx
−$20.0K −$13.59/SF
NOI
$24.4K $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 Rate 5%
$487,840
Cap Rate 7%
$348,457
Cap Rate 9%
$271,022
Alternative Uses
Best Use
Apartment 5plus
$348.5K
$304.9K – $406.5K
NOI $24,392 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$755.1K
$660.7K – $880.9K
NOI $52,856 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
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 residence includes garage parking and access from its patio to a gated courtyard and swimming pool.
Where is this residential income property located?
The property is located at 4201 CATHEDRAL AVENUE NW Unit 124E Washington, DC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,468‑square‑foot residence built in 1960; Private patio with access to a gated courtyard and swimming pool; Renovated interior with new flooring and a finished primary bathroom
