End-Unit
For Sale
$640,000
1103 QUEEN Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,482 SF
Lot Size0.03 Acres
Price / SF$431.85
Days on Market31
Property Features for 1103 QUEEN Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
Short Sale
Standard status
Active
Size
1,482 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
4232
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
central A/C
Building Details
Year built
1931
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Compass
(301) 298-1001
Listed By:
Kalonji Foreman · License #SP98376371
(202) 910-8831
Added: Jul 24
Changed: Aug 21
Last Checked: Aug 23 at 11:06PM
MLS# DCDC2274998
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,482-square-foot end-unit duplex was built in 1931 with brick construction and a two-unit layout. The property contains six bedrooms and two bathrooms, along with central air, hot-water heating, and on-street parking. Its 0.0319-acre site is zoned RF-1.
Located at 1103 Queen Street NE in Washington, DC, the property sits across from Gallaudet University. Union Market, the H Street Corridor, and Ivy City are identified nearby, providing access to dining, nightlife, shops, and breweries. The Northeast DC setting also supports convenient bicycle and pedestrian access.
Located at 1103 Queen Street NE in Washington, DC, the property sits across from Gallaudet University. Union Market, the H Street Corridor, and Ivy City are identified nearby, providing access to dining, nightlife, shops, and breweries. The Northeast DC setting also supports convenient bicycle and pedestrian access.
Key Highlights
- Two‑unit duplex with six bedrooms and two bathrooms
- 1,482 square feet on a 0.0319‑acre lot
- End‑unit brick construction built in 1931
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
$28,234
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
4.41%
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%
$564,680
$564.7K
Cap Rate 7%
$403,343
$403.3K
Cap Rate 9%
$313,711
$313.7K
Market Conditions
NOI Build-Up for 1,482 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
$42.7K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$40.3K $27.22/SF
− OpEx
−$12.1K −$8.16/SF
NOI
$28.2K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
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%
$564,680
Cap Rate 7%
$403,343
Cap Rate 9%
$313,711
Alternative Uses
Best Use
Multifamily LT 5
$403.3K
$352.9K – $470.6K
NOI $28,234 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$360.4K
$315.4K – $420.5K
NOI $25,231 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$765.2K
$669.5K – $892.7K
NOI $53,561 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,648
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A 1931 brick property with central air, two units, and flexible residential configuration.
Where is this duplex located?
The property is located at 1103 QUEEN Street NE Washington, DC.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Two‑unit duplex with six bedrooms and two bathrooms; 1,482 square feet on a 0.0319‑acre lot; End‑unit brick construction built in 1931
