One-Bedroom Residential Income
For Sale
$399,000
710 E STREET SE Unit 2, Washington, DC 20003
Private-entry unit with refreshed interiors, an open living area, and an en-suite bedroom bath.
Property Size720 SF
Days on Market40
Property Features for 710 E STREET SE Unit 2
General Information
Standard status
Active
Size
720 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,530
Building Details
Building Size
720 SF
Year Built
1907
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Antoine Remy · License #SP40000146
(571) 358-7783
Source:
Kwcapitalproperties
Added: Aug 5
Changed: Sep 8
Last Checked: Sep 13 at 12:04PM
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 Pearson Smith Realty, LLC
Investment Insights
Based on property information with market context.
This one-bedroom residential income property occupies a private unit within a 1907 rowhouse. A dedicated entrance eliminates shared hallways and common-area passage. The interior has new flooring and fresh paint, while the main living space accommodates both seating and dining areas beside a kitchen equipped with white cabinetry and stainless steel appliances. The bedroom is positioned separately at the rear and includes an en-suite bath.
The property is located at 710 E Street SE in Washington, DC, near Eastern Market and the Eastern Market Metro station. Market vendors, cafes, restaurants, and shops are nearby, with Barracks Row, the Navy Yard, and downtown DC also identified as accessible destinations. An assumable VA loan may be available to a qualified buyer, subject to further details.
The property is located at 710 E Street SE in Washington, DC, near Eastern Market and the Eastern Market Metro station. Market vendors, cafes, restaurants, and shops are nearby, with Barracks Row, the Navy Yard, and downtown DC also identified as accessible destinations. An assumable VA loan may be available to a qualified buyer, subject to further details.
Key Highlights
- One‑bedroom unit in a 1907 rowhouse
- Private entrance with no shared hallways or common areas
- New flooring and fresh paint throughout
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
$11,963
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
3.00%
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%
$239,260
$239.3K
Cap Rate 7%
$170,900
$170.9K
Cap Rate 9%
$132,922
$132.9K
Market Conditions
NOI Build-Up for 720 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
$22.9K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.8K $30.21/SF
− OpEx
−$9.8K −$13.59/SF
NOI
$12.0K $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%
$239,260
Cap Rate 7%
$170,900
Cap Rate 9%
$132,922
Alternative Uses
Best Use
Apartment 5plus
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Private-entry unit with refreshed interiors, an open living area, and an en-suite bedroom bath.
Where is this residential income property located?
The property is located at 710 E STREET SE Unit 2 Washington, DC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: One‑bedroom unit in a 1907 rowhouse; Private entrance with no shared hallways or common areas; New flooring and fresh paint throughout
