Residential Income Property with Open
For Sale
$395,000
800 4TH STREET SW Unit S501, Washington, DC 20024
A one-bedroom residence with an open den, dedicated parking, private storage and access to extensive shared amenities.
Property Size949 SF
Price / SF$416.23
Days on Market155
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
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,960
Amenities
private storage unit
24-hour concierge service
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:
Canopy-re
Added: May 28
Changed: Oct 26
Last Checked: Oct 26 at 2:51PM
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
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Investment Insights
Based on property information with market context.
This 949-square-foot condominium in Potomac Place Towers has one bedroom and an open den, along with a kitchen featuring a breakfast bar and abundant closet space. The den is described as convertible to a second bedroom. The residence includes a dedicated parking space and private storage. The building, completed in 1959, offers a fitness center, yoga and dance studio, outdoor pool, business center, resident lounge, secure bike storage, 24-hour concierge service and on-site management. Pets are permitted.
The property is at 800 4th Street SW in Washington, DC. Nearby destinations include The Wharf, Nationals Park, Audi Field, Navy Yard and the National Mall. Waterfront, Federal Center SW and L'Enfant Plaza Metro stations are also listed nearby, along with Safeway and Whole Foods.
The property is at 800 4th Street SW in Washington, DC. Nearby destinations include The Wharf, Nationals Park, Audi Field, Navy Yard and the National Mall. Waterfront, Federal Center SW and L'Enfant Plaza Metro stations are also listed nearby, along with Safeway and Whole Foods.
Key Highlights
- 949‑square‑foot condominium with one bedroom and an open den
- Den has potential to be converted into a second bedroom
- Dedicated parking space and private storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,768
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
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
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 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.
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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 - A one-bedroom residence with an open den, dedicated parking, private storage and access to extensive shared 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: 949‑square‑foot condominium with one bedroom and an open den; Den has potential to be converted into a second bedroom; Dedicated parking space and private storage unit
