Renovated Residential Income
For Sale
$700,000
5703 9TH STREET NW Unit A, Washington, DC 20011
Two-level residence with updated kitchen, private patio, assigned parking, and a three-bedroom layout.
Property Size1,813 SF
Price / SF$386.10
Days on Market22
Property Features for 5703 9TH STREET NW Unit A
General Information
Standard status
Active
Size
1,813 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Amenities
private patio
Building Details
Building Size
1,813 SF
Year Built
1925
Listing Agency:
TTR Sotheby's International Realty
(301) 814-9925
Listed By:
Molly Branson · License #SP98376157
(301) 814-9925
Source:
Kerishull
Added: Jul 24
Changed: Aug 14
Last Checked: Aug 14 at 12:38PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,813-square-foot residential income property was built in 1925 and renovated across two levels. The main floor provides connected living and dining areas, a contemporary kitchen with quartz counters, soft-close cabinets, a pot filler, walk-in pantry, and extended island seating, plus a half bath. The lower level contains the primary suite with walk-in closet and private bath, two additional bedrooms, a full bathroom, and laundry area.
A private patio extends the living space outdoors, while assigned off-street parking provides dedicated vehicle storage. The property is positioned along 9th Street in Washington, DC, near the Petworth and Brightwood areas, with restaurants, coffee shops, and parks nearby. An elevated setting and a renovated field across the street contribute to an open outlook.
A private patio extends the living space outdoors, while assigned off-street parking provides dedicated vehicle storage. The property is positioned along 9th Street in Washington, DC, near the Petworth and Brightwood areas, with restaurants, coffee shops, and parks nearby. An elevated setting and a renovated field across the street contribute to an open outlook.
Key Highlights
- 1,813 SF residential income property built in 1925
- Renovated two‑level layout with 3 bedrooms and 2.5 baths
- Updated kitchen with quartz counters, walk‑in pantry, pot filler, and extended island
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
$28,856
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
4.12%
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%
$577,120
$577.1K
Cap Rate 7%
$412,229
$412.2K
Cap Rate 9%
$320,622
$320.6K
Market Conditions
NOI Build-Up for 1,813 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
$55.7K $30.72/SF
− Vacancy
−$3.2K −$1.78/SF
EGI
$52.5K $28.94/SF
− OpEx
−$23.6K −$13.02/SF
NOI
$28.9K $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%
$577,120
Cap Rate 7%
$412,229
Cap Rate 9%
$320,622
Alternative Uses
Best Use
Apartment 5plus
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.1K
$819.1K – $1.09M
NOI $65,524 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence with updated kitchen, private patio, assigned parking, and a three-bedroom layout.
Where is this residential income property located?
The property is located at 5703 9TH STREET NW Unit A Washington, DC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,813 SF residential income property built in 1925; Renovated two‑level layout with 3 bedrooms and 2.5 baths; Updated kitchen with quartz counters, walk‑in pantry, pot filler, and extended island
