Historic One-Bedroom Income
For Sale
$239,000
4481 MACARTHUR BOULEVARD NW Unit 204, Washington, DC 20007
Boutique condo with reserved parking, abundant daylight, and a leafy outlook near neighborhood shops and recreation.
Property Size612 SF
Days on Market98
Property Features for 4481 MACARTHUR BOULEVARD NW Unit 204
General Information
Standard status
Active
Size
612 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,140
Building Details
Building Size
612 SF
Year Built
1937
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Jane B McGuire · License #SP100870
(301) 806-5216
Source:
Kwcapitalproperties
Added: Jun 5
Changed: Aug 31
Last Checked: Sep 10 at 7:46AM
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.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium occupies a boutique historic building completed in 1937. The residence features classic architectural character, plentiful natural light, and a generous interior layout. Its position behind MacArthur Boulevard provides a quieter setting with views toward surrounding greenery, while a reserved parking space adds practical convenience.
The property is located at 4481 MacArthur Boulevard NW in Washington, DC 20007. Shops, restaurants, parks, and the scenic C&O Canal are nearby, placing daily services and outdoor amenities within the surrounding Palisades area. The combination of period details, a residential condominium layout, dedicated parking, and established neighborhood setting gives the property a clearly defined residential income profile.
The property is located at 4481 MacArthur Boulevard NW in Washington, DC 20007. Shops, restaurants, parks, and the scenic C&O Canal are nearby, placing daily services and outdoor amenities within the surrounding Palisades area. The combination of period details, a residential condominium layout, dedicated parking, and established neighborhood setting gives the property a clearly defined residential income profile.
Key Highlights
- One‑bedroom, one‑bath condominium
- Historic boutique building constructed in 1937
- Reserved parking space included
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
$10,169
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
4.25%
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%
$203,380
$203.4K
Cap Rate 7%
$145,271
$145.3K
Cap Rate 9%
$112,989
$113.0K
Market Conditions
NOI Build-Up for 612 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
$19.5K $31.80/SF
− Vacancy
−$973 −$1.59/SF
EGI
$18.5K $30.21/SF
− OpEx
−$8.3K −$13.59/SF
NOI
$10.2K $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 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%
$203,380
Cap Rate 7%
$145,271
Cap Rate 9%
$112,989
Alternative Uses
Best Use
Apartment 5plus
$145.3K
$127.1K – $169.5K
NOI $10,169 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.8K
$275.5K – $367.3K
NOI $22,036 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Boutique condo with reserved parking, abundant daylight, and a leafy outlook near neighborhood shops and recreation.
Where is this residential income property located?
The property is located at 4481 MACARTHUR BOULEVARD NW Unit 204 Washington, DC.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Historic boutique building constructed in 1937; Reserved parking space included
