Loft-Style Residential Income
For Sale
$495,000
916 G STREET NW Unit 602, Washington, DC 20001
Urban condominium residence with exposed brick, polished concrete flooring, and a contemporary kitchen with stainless steel appliances.
Property Size885 SF
Days on Market220
Property Features for 916 G STREET NW Unit 602
General Information
Standard status
Active
Size
885 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,734
Building Details
Building Size
885 SF
Year Built
2002
Listing Agency:
Isabelle Williams And Associates
Listed By:
Isabelle Williams-Brown · License #BR703445
(240) 398-8408
Source:
Kwcapitalproperties
Added: Feb 7
Changed: Sep 11
Last Checked: Sep 14 at 9:17AM
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 Isabelle Williams And Associates
Investment Insights
Based on property information with market context.
This residential income property is a loft-style one-bedroom, one-bath unit at Mather Studios, built in 2002. The interior combines exposed brick, visible ductwork, epoxy concrete flooring, custom lighting, and substantial natural light. A metal entry door opens to an entry hall, while the kitchen includes sleek cabinetry, stainless steel appliances, granite counters, and an extended dining or entertaining counter. The bedroom suite provides storage and connects to a full bathroom with granite countertops and a glass-enclosed shower.
The property is located at 916 G Street NW, Unit 602, in Washington, DC’s Penn Quarter. Gallery Place Metro is one block away, and Metro Center is approximately three blocks away. The surrounding area includes retail shops, arts and entertainment venues, Capital One Arena, Warner and Ford Theaters, Theater Lab, dining options, and historic sites.
The property is located at 916 G Street NW, Unit 602, in Washington, DC’s Penn Quarter. Gallery Place Metro is one block away, and Metro Center is approximately three blocks away. The surrounding area includes retail shops, arts and entertainment venues, Capital One Arena, Warner and Ford Theaters, Theater Lab, dining options, and historic sites.
Key Highlights
- Loft‑style one‑bedroom, one‑bath unit at Mather Studios
- Exposed brick walls, visible ductwork, and epoxy concrete flooring
- Contemporary kitchen with stainless steel appliances and granite countertops
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
$14,705
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
2.97%
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%
$294,100
$294.1K
Cap Rate 7%
$210,071
$210.1K
Cap Rate 9%
$163,389
$163.4K
Market Conditions
NOI Build-Up for 885 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
$28.1K $31.80/SF
− Vacancy
−$1.4K −$1.59/SF
EGI
$26.7K $30.21/SF
− OpEx
−$12.0K −$13.59/SF
NOI
$14.7K $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%
$294,100
Cap Rate 7%
$210,071
Cap Rate 9%
$163,389
Alternative Uses
Best Use
Apartment 5plus
$210.1K
$183.8K – $245.1K
NOI $14,705 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.2K
$398.3K – $531.1K
NOI $31,865 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
14,770
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 - Urban condominium residence with exposed brick, polished concrete flooring, and a contemporary kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 916 G STREET NW Unit 602 Washington, DC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Loft‑style one‑bedroom, one‑bath unit at Mather Studios; Exposed brick walls, visible ductwork, and epoxy concrete flooring; Contemporary kitchen with stainless steel appliances and granite countertops
