Updated Residential Income
For Sale
$389,900
800 4TH STREET SW Unit S402, Washington, DC 20024
One-bedroom condo with a private balcony, parking, storage, and access to fitness, office, conference, laundry, and bike facilities.
Property Size927 SF
Days on Market12
Property Features for 800 4TH STREET SW Unit S402
General Information
Standard status
Active
Size
927 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
$3,658
Amenities
fitness center
laundry room
conference space
office space
bike room
private balcony
parking
storage
Building Details
Building Size
927 SF
Year Built
1959
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Omid Asgari · License #SP40001063
(301) 636-7377
Source:
Kwcapitalproperties
Added: Sep 4
Changed: Sep 13
Last Checked: Sep 14 at 11:21AM
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 Spring Hill Real Estate, LLC.
Investment Insights
Based on property information with market context.
This updated one-bedroom, one-bath condominium offers nearly 1,000 square feet with an open arrangement connecting the kitchen, living room, and dining area. Floor-to-ceiling windows bring abundant natural light, while the private balcony extends the living space. The residence also includes parking and storage, and the bathroom has an updated vanity. Built in 1959, the property provides access to two fitness centers, laundry facilities, conference and office spaces, and a bike room.
The home is located in Washington, DC’s Southwest Waterfront, minutes from The Wharf, Nationals Park, Arena Stage, waterfront parks, restaurants, shopping, and Metro access. The address is 800 4TH STREET SW, Unit S402, Washington, DC 20024.
The home is located in Washington, DC’s Southwest Waterfront, minutes from The Wharf, Nationals Park, Arena Stage, waterfront parks, restaurants, shopping, and Metro access. The address is 800 4TH STREET SW, Unit S402, Washington, DC 20024.
Key Highlights
- Nearly 1,000 square feet with an open kitchen, living, and dining arrangement
- 1‑bedroom, 1‑bath condominium with floor‑to‑ceiling windows
- Private balcony, parking, and storage included
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
$15,403
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
3.95%
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%
$308,060
$308.1K
Cap Rate 7%
$220,043
$220.0K
Cap Rate 9%
$171,144
$171.1K
Market Conditions
NOI Build-Up for 927 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
$29.5K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.0K $30.21/SF
− OpEx
−$12.6K −$13.59/SF
NOI
$15.4K $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%
$308,060
Cap Rate 7%
$220,043
Cap Rate 9%
$171,144
Alternative Uses
Best Use
Apartment 5plus
$220.0K
$192.5K – $256.7K
NOI $15,403 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.8K
$417.2K – $556.3K
NOI $33,377 @ 7.0% cap · market cap 8.56%
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 - One-bedroom condo with a private balcony, parking, storage, and access to fitness, office, conference, laundry, and bike facilities.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit S402 Washington, DC.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Nearly 1,000 square feet with an open kitchen, living, and dining arrangement; 1‑bedroom, 1‑bath condominium with floor‑to‑ceiling windows; Private balcony, parking, and storage included
