Building Details

Building Size 1,468 SF

Year Built 1960

Listing Agency: Washington Fine Properties, LLC

Listed By: John B Adler Jr. · License #SP98364141 Show Phone

Source: Jackrealtygroup

Added: Nov 6, 2025 Changed: Oct 27 Last Checked: Oct 26 at 3:10PM

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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

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Investment Insights

Based on property information with market context.

This 1,468-square-foot corner residence contains two bedrooms and two bathrooms. The entry foyer opens to a living and dining area with an adjoining private balcony. The kitchen retains its original configuration, while the primary bedroom includes an ensuite bathroom; a second bedroom and hall bathroom complete the layout. Built in 1960, the unit is located in a full-service building.

Building amenities include a 24-hour concierge, heated outdoor swimming pool, tennis court, fitness center, library, and convenience store.

Key Highlights

• 1,468‑square‑foot corner unit with 2 bedrooms and 2 bathrooms
• Private balcony adjoining the living and dining area
• Primary bedroom has an ensuite bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,392

Cap Rate

5.43%

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

Is this asking price fair?

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 (±1% cap)

NOI $24,392 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$755.1K

$660.7K – $880.9K (±1% cap)

NOI $52,856 @ 7.0% cap · market cap 11.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

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 - Corner residence features a private balcony and access to extensive building amenities.

Where is this residential income property located?

The property is located at 4201 CATHEDRAL AVENUE NW Unit 724E Washington, DC.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: 1,468‑square‑foot corner unit with 2 bedrooms and 2 bathrooms; Private balcony adjoining the living and dining area; Primary bedroom has an ensuite bathroom