1547 3RD Street NW Washington, DC 20001
MULTI_FAMILY - WASHINGTON, DC
Property Features for 1547 3RD Street NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Alley
- Standard status
- Active
- Size
- 1,790 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5756
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1906
- Number of units
- 2
- Building materials
- Brick
Listing agent Michael A Hines License #SP98365254 (202) 379-5868
Listing office EXP Realty, LLC 800 Maine Avenue unit: 200, Washington, DC (833) 335-7433
Listing date May 11, 2026
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.
Located at 1547 3RD Street NW in Washington, DC 20001, this is a compact lot with an overall building size of 1,790 square feet. The seller has positioned it as a rare development opportunity, with an option for owner-occupancy and rental income through one unit versus the other.
For buyers seeking a manageable residential income setup, the layout supports a live-in arrangement while renting the second unit. The separate metering can also help simplify utility responsibility between occupants. As an as-is sale, it is best suited to buyers and investors comfortable reviewing the property condition and planning for any needed improvements.
Key Highlights
- Brick duplex built in 1906 with two 2‑bedroom units
- Two separate laundry facilities in the basement
- Each unit is separately metered
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $27.00 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $45.8k | $25.60 |
| − OpEx | −$13.7k | −$7.68 |
| NOI | $32.1k | $17.92 |
