Residential Income Property with
For Sale
$395,000
800 4TH STREET SW Unit S501, Washington, DC 20024
Well-maintained condominium residence with a flexible den, private storage, and access to extensive building amenities.
Property Size949 SF
Days on Market98
Property Features for 800 4TH STREET SW Unit S501
General Information
Standard status
Active
Size
949 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,960
Amenities
24-hour concierge
on-site management
fitness center
yoga and dance studio
outdoor pool
business center
resident lounge
secure bike storage
Building Details
Building Size
949 SF
Year Built
1959
Listing Agency:
RLAH @properties
Listed By:
Daniel A Llerena · License #SP98377027
(240) 876-4670
Source:
Kwcapitalproperties
Added: May 28
Changed: Aug 29
Last Checked: Sep 1 at 11:48PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
This well-maintained condominium residence includes one bedroom, an open den, a spacious kitchen with breakfast bar, abundant closet space, one dedicated parking space, and a private storage unit. The den provides adaptable interior space and may be converted into a second bedroom, subject to applicable requirements. Built in 1959, the property is part of a pet-friendly building with 24-hour concierge service and on-site management.
Residents have access to a fitness center, yoga and dance studio, outdoor pool, business center, resident lounge, and secure bike storage. The building is near The Wharf, Safeway, Whole Foods, Nationals Park, Audi Field, Navy Yard, and the National Mall. Waterfront, Federal Center SW, and L'Enfant Plaza Metro stations are also nearby.
Residents have access to a fitness center, yoga and dance studio, outdoor pool, business center, resident lounge, and secure bike storage. The building is near The Wharf, Safeway, Whole Foods, Nationals Park, Audi Field, Navy Yard, and the National Mall. Waterfront, Federal Center SW, and L'Enfant Plaza Metro stations are also nearby.
Key Highlights
- One‑bedroom residence with open den that may convert to a second bedroom
- Dedicated parking space and private storage unit included
- Spacious kitchen with breakfast bar and abundant closet space
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
$15,768
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
3.99%
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%
$315,360
$315.4K
Cap Rate 7%
$225,257
$225.3K
Cap Rate 9%
$175,200
$175.2K
Market Conditions
NOI Build-Up for 949 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
$30.2K $31.80/SF
− Vacancy
−$1.5K −$1.59/SF
EGI
$28.7K $30.21/SF
− OpEx
−$12.9K −$13.59/SF
NOI
$15.8K $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%
$315,360
Cap Rate 7%
$225,257
Cap Rate 9%
$175,200
Alternative Uses
Best Use
Apartment 5plus
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.5K
NOI $34,169 @ 7.0% cap · market cap 8.65%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained condominium residence with a flexible den, private storage, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 800 4TH STREET SW Unit S501 Washington, DC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: One‑bedroom residence with open den that may convert to a second bedroom; Dedicated parking space and private storage unit included; Spacious kitchen with breakfast bar and abundant closet space
