Residential Income Property with Rooftop
For Sale
$395,000
811 4TH STREET NW Unit 114, Washington, DC 20001
One-bedroom residence with modern finishes, garage parking, and building-wide concierge and fitness amenities.
Property Size703 SF
Days on Market26
Property Features for 811 4TH STREET NW Unit 114
General Information
Standard status
Active
Size
703 SF
Total Parking Spaces
1
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
$3,784
Amenities
24/7 security
24 hour concierge service
fitness center
rooftop deck
BBQ grills
lounge areas
in-unit washer/dryer
Building Details
Building Size
703 SF
Year Built
2007
Listing Agency:
Compass
Listed By:
John T Mahshie · License #SP98357801
(202) 271-3132
Source:
Kwcapitalproperties
Added: Aug 20
Changed: Sep 3
Last Checked: Sep 14 at 11:19AM
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 Compass
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath residence features 10-foot ceilings, floor-to-ceiling windows, hardwood flooring, and an open-concept interior. The kitchen includes granite counters, stainless steel appliances, custom cabinetry, and substantial storage. An in-unit washer and dryer and one assigned garage parking space add practical convenience. Built in 2007, the home combines contemporary finishes with a functional layout.
Building amenities include 24/7 security, 24-hour concierge service, a fitness center, and a rooftop deck with BBQ grills, lounge seating, and city views. The property is near Penn Quarter, Mount Vernon Triangle, and Chinatown, with restaurants, cafés, retail, nightlife, entertainment, museums, Metro stations, Capital One Arena, and major commuter routes nearby.
Building amenities include 24/7 security, 24-hour concierge service, a fitness center, and a rooftop deck with BBQ grills, lounge seating, and city views. The property is near Penn Quarter, Mount Vernon Triangle, and Chinatown, with restaurants, cafés, retail, nightlife, entertainment, museums, Metro stations, Capital One Arena, and major commuter routes nearby.
Key Highlights
- One‑bedroom, one‑bath residence with an open‑concept layout
- 10‑foot ceilings, floor‑to‑ceiling windows, and hardwood flooring
- Kitchen with granite counters, stainless steel appliances, custom cabinetry, and generous storage
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
$11,681
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
2.96%
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%
$233,620
$233.6K
Cap Rate 7%
$166,871
$166.9K
Cap Rate 9%
$129,789
$129.8K
Market Conditions
NOI Build-Up for 703 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
$22.4K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$21.2K $30.21/SF
− OpEx
−$9.6K −$13.59/SF
NOI
$11.7K $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%
$233,620
Cap Rate 7%
$166,871
Cap Rate 9%
$129,789
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.0K – $194.7K
NOI $11,681 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap · market cap 6.41%
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
4,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with modern finishes, garage parking, and building-wide concierge and fitness amenities.
Where is this residential income property located?
The property is located at 811 4TH STREET NW Unit 114 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, one‑bath residence with an open‑concept layout; 10‑foot ceilings, floor‑to‑ceiling windows, and hardwood flooring; Kitchen with granite counters, stainless steel appliances, custom cabinetry, and generous storage
