5601 Colorado Avenue NW Washington, DC 20011
Well-maintained brick building with six one-bedroom units, in-building laundry, basement storage, and off-street parking.
Property Features for 5601 Colorado Avenue NW
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing office Century 21 New Millennium
Listing date Jun 11, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located in the 16th Street Heights/Brightwood Park area of Northwest Washington, DC, the property provides convenient access to Rock Creek Park, 16th Street, public transportation, and neighborhood shopping and dining. It also sits within reach of major commuter routes throughout the District and surrounding metropolitan area.
Current operations include a mix of market-rate and voucher-assisted tenancy, which diversifies the resident profile. Based on current rents, the building generates approximately $148,164 in annual gross income, and after operating expenses of approximately $30,445 annually, it produces an estimated $117,719 Net Operating Income (NOI). The provided figures indicate an estimated 8.7% capitalization rate at the asking price of $1,350,000, based on 2025 full-year expenses.
Key Highlights
- Built in 1936, six‑unit brick apartment building with six 1‑bedroom/1‑bath units
- Spacious 1‑bedroom floor plans with hardwood flooring; updated kitchens in select units
- On‑site laundry facilities plus basement storage for added resident and building utility
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.0k | $30.72 |
| − Vacancy | −$10.0k | −$1.78 |
| EGI | $162.1k | $28.94 |
| − OpEx | −$72.9k | −$13.02 |
| NOI | $89.1k | $15.92 |
