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 Market18
Property Features for 800 4TH STREET SW Unit N411
General Information
Standard status
Active
Size
614 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
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: Sep 4
Last Checked: Sep 14 at 8:28AM
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
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 = 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
$10,202
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
4.86%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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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
