Residential Income
For Sale
$209,900
800 4TH STREET SW Unit N411, Washington, DC 20024
Updated residence with hardwood floors, natural light, a walk-in closet, and access to extensive building amenities.
Property Size614 SF
Days on Market65
Property Features for 800 4TH STREET SW Unit N411
General Information
Standard status
Active
Size
614 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,228
Amenities
fitness rooms
dance studio
swimming pool
on-site laundry
concierge
resident lounge
grand lobby
Building Details
Building Size
614 SF
Year Built
1959
Listing Agency:
Nomadic Real Estate Broker Services
Listed By:
Raymond Minarcik · License #SP40002465
(202) 223-9019
Source:
Kwcapitalproperties
Added: Aug 28
Changed: Oct 25
Last Checked: Oct 30 at 11:04PM
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 Nomadic Real Estate Broker Services
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Investment Insights
Based on property information with market context.
This residence at Potomac Place Tower combines a practical layout with contemporary interior finishes. The kitchen includes wood cabinetry, newer appliances, and ample counter space, while the adjoining living area features hardwood flooring and tall windows. The bedroom receives abundant natural light and connects to a large walk-in closet and modern bathroom. The building was constructed in 1959.
Building amenities include three fitness rooms with cardio and weight equipment, a dance studio, swimming pool, on-site laundry, 24-hour concierge service, resident lounge with television and cafe area, and a grand lobby. Safeway, retail shops, restaurants, and the waterfront are within walking distance. Waterfront Metro is one block away, with access to the Blue, Orange, Silver, Yellow, and Green Lines. The District Wharf, National Mall, Arena Stage, and Nationals Park are also walkable, with Downtown DC, Arlington, and Capitol Hill a short drive away.
Building amenities include three fitness rooms with cardio and weight equipment, a dance studio, swimming pool, on-site laundry, 24-hour concierge service, resident lounge with television and cafe area, and a grand lobby. Safeway, retail shops, restaurants, and the waterfront are within walking distance. Waterfront Metro is one block away, with access to the Blue, Orange, Silver, Yellow, and Green Lines. The District Wharf, National Mall, Arena Stage, and Nationals Park are also walkable, with Downtown DC, Arlington, and Capitol Hill a short drive away.
Key Highlights
- Potomac Place Tower residence with hardwood floors and tall windows
- Kitchen includes wood cabinetry, newer appliances, and generous counter space
- Bedroom features a large walk‑in closet leading to a modern bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,202
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,040
$204.0K
Cap Rate 7%
$145,743
$145.7K
Cap Rate 9%
$113,356
$113.4K
Market Conditions
NOI Build-Up for 614 SF
Gross rent
$19.5K $31.80/SF
− Vacancy
−$976 −$1.59/SF
EGI
$18.5K $30.21/SF
− OpEx
−$8.3K −$13.59/SF
NOI
$10.2K $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 Rate 5%
$204,040
Cap Rate 7%
$145,743
Cap Rate 9%
$113,356
Alternative Uses
Best Use
Apartment 5plus
$145.7K
$127.5K – $170.0K
NOI $10,202 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.8K
$276.4K – $368.5K
NOI $22,108 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,158
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence with hardwood floors, natural light, a walk-in closet, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit N411 Washington, DC.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Potomac Place Tower residence with hardwood floors and tall windows; Kitchen includes wood cabinetry, newer appliances, and generous counter space; Bedroom features a large walk‑in closet leading to a modern bathroom
