Victorian
For Sale
$999,900
1332 N CAPITOL Street NW, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,306 SF
Lot Size0.04 Acres
Price / SF$302.45
Days on Market188
Property Features for 1332 N CAPITOL Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Off 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
Standard status
Active
Size
3,306 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8103
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Victorian
Listing Agency:
RE/MAX Realty Services · RE/MAX International
(240) 403-0400
Listed By:
Ellerson Spurlock IV · License #SP98363031
(301) 652-0400
Added: Mar 4
Changed: Aug 28
Last Checked: Sep 8 at 3:06AM
MLS# DCDC2248734
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 Victorian-style duplex offers 3,306 square feet within a brick building constructed in 1900. The property includes central air conditioning, forced-air heating, and off-street parking. Its MU-4 zoning is identified in the property information, and the site encompasses 0.04 acres.
Located at 1332 N CAPITOL Street NW in Washington, DC, the property is near the NOMA Metro station, grocery shopping, and nearby eateries. The building’s historic construction and duplex configuration provide a defined residential income-property profile in the 20002 ZIP code.
Located at 1332 N CAPITOL Street NW in Washington, DC, the property is near the NOMA Metro station, grocery shopping, and nearby eateries. The building’s historic construction and duplex configuration provide a defined residential income-property profile in the 20002 ZIP code.
Key Highlights
- 3,306‑square‑foot duplex on a 0.04‑acre site
- MU‑4 zoning
- Brick construction with Victorian architectural style
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
$62,983
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
6.30%
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%
$1,259,660
$1.3M
Cap Rate 7%
$899,757
$899.8K
Cap Rate 9%
$699,811
$699.8K
Market Conditions
NOI Build-Up for 3,306 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
$95.2K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$90.0K $27.22/SF
− OpEx
−$27.0K −$8.16/SF
NOI
$63.0K $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%
$1,259,660
Cap Rate 7%
$899,757
Cap Rate 9%
$699,811
Alternative Uses
Best Use
Multifamily LT 5
$899.8K
$787.3K – $1.05M
NOI $62,983 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$804.1K
$703.6K – $938.1K
NOI $56,284 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,483 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,537
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with MU-4 zoning, central air, and off-street parking in Washington, DC.
Where is this duplex located?
The property is located at 1332 N CAPITOL Street NW Washington, DC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,306‑square‑foot duplex on a 0.04‑acre site; MU‑4 zoning; Brick construction with Victorian architectural style
