Residential Income Property with
For Sale
$724,900
4328 GEORGIA AVENUE NW Unit PENTHOUSE, Washington, DC 20011
Two-bedroom penthouse residence with private elevator entry and substantial wraparound outdoor space.
Property Size1,350 SF
Days on Market93
Property Features for 4328 GEORGIA AVENUE NW Unit PENTHOUSE
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Penthouse Unit/Flat/Apartment
Building Details
Building Size
1,350 SF
Year Built
2025
Listing Agency:
TTR Sothebys International Realty
Listed By:
Dina V Shaminova
(202) 640-8415
Source:
Barnesrealestatecompany
Added: Jun 13
Changed: Sep 2
Last Checked: Sep 13 at 1:11PM
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 TTR Sothebys International Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this penthouse residence occupies approximately 1,300 square feet within a newly constructed elevator building. Private elevator access opens directly into the home, which features an open kitchen and living arrangement, expansive windows, and two bedrooms positioned apart from the primary entertaining areas. A wraparound terrace adds substantial outdoor space for gatherings, lounging, and neighborhood views.
The property is located along the Georgia Avenue corridor in Petworth, with Metro access, parks, fitness studios, coffee shops, Safeway, Yes! Organic Market, Hook Hall, Midlands Beer Garden, Call Your Mother, and Sonny’s Pizza nearby. The combination of direct elevator entry, a two-bedroom layout, and extensive outdoor space distinguishes this residential offering.
The property is located along the Georgia Avenue corridor in Petworth, with Metro access, parks, fitness studios, coffee shops, Safeway, Yes! Organic Market, Hook Hall, Midlands Beer Garden, Call Your Mother, and Sonny’s Pizza nearby. The combination of direct elevator entry, a two-bedroom layout, and extensive outdoor space distinguishes this residential offering.
Key Highlights
- Approximately 1,300 square feet of interior space
- Wraparound terrace with expansive usable outdoor area
- Private elevator access directly into the residence
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
$21,487
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
2.96%
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%
$429,740
$429.7K
Cap Rate 7%
$306,957
$307.0K
Cap Rate 9%
$238,744
$238.7K
Market Conditions
NOI Build-Up for 1,350 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
$41.5K $30.72/SF
− Vacancy
−$2.4K −$1.78/SF
EGI
$39.1K $28.94/SF
− OpEx
−$17.6K −$13.02/SF
NOI
$21.5K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /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%
$429,740
Cap Rate 7%
$306,957
Cap Rate 9%
$238,744
Alternative Uses
Best Use
Apartment 5plus
$307.0K
$268.6K – $358.1K
NOI $21,487 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$697.0K
$609.9K – $813.2K
NOI $48,791 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom penthouse residence with private elevator entry and substantial wraparound outdoor space.
Where is this residential income property located?
The property is located at 4328 GEORGIA AVENUE NW Unit PENTHOUSE Washington, DC.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Approximately 1,300 square feet of interior space; Wraparound terrace with expansive usable outdoor area; Private elevator access directly into the residence
