Ground-Floor Residential Income
For Sale
$249,900
901 19TH STREET NE Unit B3, Washington, DC 20002
New construction offers an open plan, oversized windows, and in-unit laundry.
Property Size760 SF
Days on Market86
Property Features for 901 19TH STREET NE Unit B3
General Information
Standard status
Active
Size
760 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
760 SF
Year Built
2024
Listing Agency:
M Squared Real Estate LLC
Listed By:
Mark Mlakar · License #BR98366220
(202) 321-5641
Source:
Kwcapitalproperties
Added: Jun 22
Changed: Sep 8
Last Checked: Sep 14 at 8:29AM
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 M Squared Real Estate LLC
Investment Insights
Based on property information with market context.
Unit B3 is a ground-floor residence within an 11-unit new-construction development completed in 2024. Interior features include European White Oak flooring, matching Quartz kitchen counters, stainless steel appliances, and a washer/dryer. Marble-look porcelain bathrooms, high ceilings, oversized windows, and a large open floor plan further define the unit. Unit layouts differ throughout the development, and the available images depict a model unit.
The property is located in Carver Langston near the nightlife, grocery stores, and restaurants of H Street and Ivy City. Parking is available for separate purchase. The source also identifies the development as pet- and investor-friendly.
The property is located in Carver Langston near the nightlife, grocery stores, and restaurants of H Street and Ivy City. Parking is available for separate purchase. The source also identifies the development as pet- and investor-friendly.
Key Highlights
- 2024 new‑construction development with 11 residential units
- Ground‑floor unit with large windows and a large open floor plan
- European White Oak flooring and matching Quartz kitchen counters
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
$12,939
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
5.18%
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%
$258,780
$258.8K
Cap Rate 7%
$184,843
$184.8K
Cap Rate 9%
$143,767
$143.8K
Market Conditions
NOI Build-Up for 760 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
$25.1K $33.00/SF
− Vacancy
−$1.6K −$2.05/SF
EGI
$23.5K $30.95/SF
− OpEx
−$10.6K −$13.93/SF
NOI
$12.9K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /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%
$258,780
Cap Rate 7%
$184,843
Cap Rate 9%
$143,767
Alternative Uses
Best Use
Apartment 5plus
$184.8K
$161.7K – $215.7K
NOI $12,939 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.4K
$343.3K – $457.8K
NOI $27,467 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - New construction offers an open plan, oversized windows, and in-unit laundry.
Where is this residential income property located?
The property is located at 901 19TH STREET NE Unit B3 Washington, DC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2024 new‑construction development with 11 residential units; Ground‑floor unit with large windows and a large open floor plan; European White Oak flooring and matching Quartz kitchen counters
