Two-Bedroom Residential Income
For Sale
$259,000
800 4TH STREET SW Unit N201, Washington, DC 20024
Updated interiors, an assigned parking space, and full-service building amenities support comfortable residential use.
Property Size949 SF
Price / SF$259
Days on Market14
Property Features for 800 4TH STREET SW Unit N201
General Information
Standard status
Active
Size
949 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,166
Amenities
24-hour concierge
two gyms
outdoor pool
bike storage
party space
private balcony
Building Details
Building Size
949 SF
Year Built
1959
Listing Agency:
Keller Williams Capital Properties
Listed By:
John Coleman · License #SP98375761
(202) 427-9689
Source:
Kwcapitalproperties
Added: Aug 20
Changed: Aug 31
Last Checked: Sep 2 at 1:03AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This two-bedroom residential income property offers nearly 1,000 square feet of living area, with bright rooms, floor-to-ceiling glass, and a private balcony. The kitchen has been renovated with quartz countertops and an open arrangement, while the bath has also been updated. The primary suite includes substantial closet space, and the second bedroom is full-sized. An assigned parking space, 2023 HVAC system, and 2023 dishwasher add practical convenience.
A monthly fee covers electricity, gas, heat, and water. Building amenities include 24-hour concierge service, two gyms, an outdoor pool, bike storage, and a party space. The property is within walking distance of Waterfront Metro, The Wharf, Whole Foods, Safeway, Nationals Park, and Audi Field. It is located at 800 4th Street SW, Unit N201, in Washington, DC 20024.
A monthly fee covers electricity, gas, heat, and water. Building amenities include 24-hour concierge service, two gyms, an outdoor pool, bike storage, and a party space. The property is within walking distance of Waterfront Metro, The Wharf, Whole Foods, Safeway, Nationals Park, and Audi Field. It is located at 800 4th Street SW, Unit N201, in Washington, DC 20024.
Key Highlights
- Nearly 1,000 square feet with two bedrooms and a private balcony
- Renovated kitchen with quartz countertops and open layout
- 2023 HVAC and 2023 dishwasher
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
$16,616
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
6.42%
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%
$332,320
$332.3K
Cap Rate 7%
$237,371
$237.4K
Cap Rate 9%
$184,622
$184.6K
Market Conditions
NOI Build-Up for 1,000 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
$31.8K $31.80/SF
− Vacancy
−$1.6K −$1.59/SF
EGI
$30.2K $30.21/SF
− OpEx
−$13.6K −$13.59/SF
NOI
$16.6K $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%
$332,320
Cap Rate 7%
$237,371
Cap Rate 9%
$184,622
Alternative Uses
Best Use
Apartment 5plus
$237.4K
$207.7K – $276.9K
NOI $16,616 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.4K
$450.1K – $600.1K
NOI $36,006 @ 7.0% cap · market cap 13.90%
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
3,158
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors, an assigned parking space, and full-service building amenities support comfortable residential use.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit N201 Washington, DC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Nearly 1,000 square feet with two bedrooms and a private balcony; Renovated kitchen with quartz countertops and open layout; 2023 HVAC and 2023 dishwasher
