Residential Income Property with
For Sale
$164,999
800 4TH STREET SW Unit N322, Washington, DC 20024
Full-service studio condominium with flexible living areas, extensive storage, and resident amenities in Southwest DC.
Property Size575 SF
Price / SF$286.95
Days on Market134
Property Features for 800 4TH STREET SW Unit N322
General Information
Standard status
Active
Size
575 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,527
Amenities
24-hour concierge
outdoor pool
fitness centers
yoga studio
on-site professional management
private balcony
Building Details
Building Size
575 SF
Year Built
1959
Listing Agency:
Keller Williams Capital Properties
Listed By:
Terinee Bonds · License #SP98374639
(202) 997-9238
Source:
Kwcapitalproperties
Added: May 4
Changed: Sep 2
Last Checked: Sep 13 at 11:13AM
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 575-square-foot studio condominium at Potomac Place Towers offers a private balcony, substantial closet space, and a floor plan that can accommodate separate living, sleeping, and dining zones. The property was built in 1959 and operates as a full-service condominium with on-site professional management. Condominium fees cover all utilities except cable and internet.
Resident amenities include a 24-hour concierge, outdoor pool, fitness centers, and yoga studio. The building is positioned near The Wharf, the National Mall, museums, shopping, dining, waterfront parks, and the Waterfront and L'Enfant Plaza Metro stations. Its Southwest DC location supports use as a residence, pied-à-terre, or income property, as identified in the property information.
Resident amenities include a 24-hour concierge, outdoor pool, fitness centers, and yoga studio. The building is positioned near The Wharf, the National Mall, museums, shopping, dining, waterfront parks, and the Waterfront and L'Enfant Plaza Metro stations. Its Southwest DC location supports use as a residence, pied-à-terre, or income property, as identified in the property information.
Key Highlights
- 575 sq. ft. studio condominium with private balcony
- Flexible layout supports distinct living, sleeping, and dining areas
- Generous closet space uncommon for a studio
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
$9,554
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
5.79%
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%
$191,080
$191.1K
Cap Rate 7%
$136,486
$136.5K
Cap Rate 9%
$106,156
$106.2K
Market Conditions
NOI Build-Up for 575 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
$18.3K $31.80/SF
− Vacancy
−$914 −$1.59/SF
EGI
$17.4K $30.21/SF
− OpEx
−$7.8K −$13.59/SF
NOI
$9.6K $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%
$191,080
Cap Rate 7%
$136,486
Cap Rate 9%
$106,156
Alternative Uses
Best Use
Apartment 5plus
$136.5K
$119.4K – $159.2K
NOI $9,554 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.8K
$258.8K – $345.1K
NOI $20,703 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Full-service studio condominium with flexible living areas, extensive storage, and resident amenities in Southwest DC.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit N322 Washington, DC.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: 575 sq. ft. studio condominium with private balcony; Flexible layout supports distinct living, sleeping, and dining areas; Generous closet space uncommon for a studio
