Residential Income Property with
For Sale
$460,000
700 NEW HAMPSHIRE AVENUE NW Unit 320, Washington, DC 20037
One-bedroom co-op residence with panoramic glazing, private outdoor space, garage parking, and extensive Watergate South amenities.
Property Size941 SF
Price / SF$488.84
Days on Market171
Property Features for 700 NEW HAMPSHIRE AVENUE NW Unit 320
General Information
Standard status
Active
Size
941 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour front desk service
salt-water outdoor pool
gas grill
fitness center
pet spa
roof terrace
community room with kitchen
on-site shops and restaurants
Building Details
Building Size
941 SF
Year Built
1971
Listing Agency:
Winston Real Estate, Inc.
Listed By:
Gigi R. Winston · License #BR98367703
(703) 850-9642
Source:
Kwcapitalproperties
Added: Mar 28
Changed: Sep 12
Last Checked: Sep 13 at 12:53PM
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 Winston Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 941-square-foot one-bedroom co-op residence, built in 1971, combines a broad balcony with floor-to-ceiling windows around the perimeter. Refinished oak parquet flooring, a marble foyer, and a living room sized for a piano define the main interior. The kitchen includes stainless steel appliances, wood cabinetry, a breakfast bar, deep undermount sink, and service entrance. A glass-enclosed walk-in shower, substantial closet space, and an additional storage room add practical utility. A garage parking space is included.
The residence overlooks the Kennedy Center, landscaped gardens, fountains, and the outdoor pool, with views toward the Potomac River. Watergate South provides 24-hour front desk service, a salt-water pool, fitness center, pet spa, roof terrace, community room, and on-site shops and restaurants. The property is within walking distance of the Kennedy Center, Georgetown Waterfront, Foggy Bottom Metro, Watergate Hotel & Spa, and area restaurants. The all-inclusive co-op fee covers property taxes, utilities, internet/cable, HVAC maintenance, and underground garage parking.
The residence overlooks the Kennedy Center, landscaped gardens, fountains, and the outdoor pool, with views toward the Potomac River. Watergate South provides 24-hour front desk service, a salt-water pool, fitness center, pet spa, roof terrace, community room, and on-site shops and restaurants. The property is within walking distance of the Kennedy Center, Georgetown Waterfront, Foggy Bottom Metro, Watergate Hotel & Spa, and area restaurants. The all-inclusive co-op fee covers property taxes, utilities, internet/cable, HVAC maintenance, and underground garage parking.
Key Highlights
- 941 sq ft one‑bedroom co‑op residence built in 1971
- Long, wide balcony with access from both the living room and bedroom
- Views of the Kennedy Center, gardens, fountains, outdoor pool, and Potomac River
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
$15,635
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
3.40%
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%
$312,700
$312.7K
Cap Rate 7%
$223,357
$223.4K
Cap Rate 9%
$173,722
$173.7K
Market Conditions
NOI Build-Up for 941 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
$29.9K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.4K $30.21/SF
− OpEx
−$12.8K −$13.59/SF
NOI
$15.6K $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%
$312,700
Cap Rate 7%
$223,357
Cap Rate 9%
$173,722
Alternative Uses
Best Use
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,881 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,876
Businesses Nearby
Explore this area
Business Placement
Demographics for 20037, DC
14,945
Population
8,828
Households
1.7
Avg Household Size
29
Median Age
90%
College-Educated
99%
High-School Grad
0.7 sq mi
ZIP Area
21,350
Density / Sq Mi
$98,917
Median Household Income
$69,480
Median Earnings
$2,420
Median Rent
$743,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom co-op residence with panoramic glazing, private outdoor space, garage parking, and extensive Watergate South amenities.
Where is this residential income property located?
The property is located at 700 NEW HAMPSHIRE AVENUE NW Unit 320 Washington, DC.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 941 sq ft one‑bedroom co‑op residence built in 1971; Long, wide balcony with access from both the living room and bedroom; Views of the Kennedy Center, gardens, fountains, outdoor pool, and Potomac River
