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    Spacious Duplex in Ivy City Title is generated by Realmo AI

    1829 PROVIDENCE Street NE, Washington, DC 20002

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    For Sale
    $1,100,000

    MULTI_FAMILY - Federal - WASHINGTON, DC

    Property size:
    5,720 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $192/SF
    Added:
    Apr 1, 2026
    Days on Market:
    47
    Last Refresh:
    May 17 at 11:06 pm

    Property Features for 1829 PROVIDENCE Street NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement, Dining Room
    Parking features
    Assigned, Driveway
    Interior features
    2nd Kitchen, Dining Area
    Appliances
    Dishwasher, Disposal, Dryer, Icemaker, Microwave, WaterHeater, Washer, Refrigerator, Oven/Range - Electric
    Standard status
    Active
    Size
    5,720 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    33794

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2009
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Federal

    We can help!

    Listing Contact
    Russell Carter

    Listing agent Russell Carter License #SP98377566

    Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

    Listing date Apr 1, 2026

    MLS# DCDC2253754 Listing URL

    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.

    HighLights

    • High Income Potential: Estimated $8,000/month gross income from two units.
    • Large Units: Each unit features 4 bedrooms and 3 full bathrooms.
    • Ideal for Various Business Models: Suitable for group homes, assisted living, or room‑by‑room rentals.
    • Private Off‑Street Parking: Accommodates 3‑4 vehicles.
    • Prime Location: Minutes from Union Market, H Street Corridor, and New York Ave in a rapidly growing neighborhood.
    • Modern Construction: Built in 2009 with brick construction.

    Overview

    Located in the heart of Ivy City, this duplex features two identical units, each with 4 bedrooms and 3 full bathrooms. The property offers versatility and income potential, with estimated market rents of $4,000 per unit, totaling $8,000 per month in gross income. It is suitable for investors seeking cash flow or business owners considering a group home, assisted living facility, or room-by-room rental model. The floor plans and bedroom counts accommodate shared housing setups. The property includes private off-street parking for 3-4 vehicles. Situated minutes from Union Market, H Street Corridor, and New York Ave, the property is located in one of DC's fastest-growing neighborhoods. The property size is 5720 square feet and the lot size is 0.0826 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.9846226
    Latitude
    38.9131372

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    FAQs

    What type of property is this?
    Duplex - Large duplex with income potential in a thriving DC neighborhood.
    Where is this duplex located?
    The property is located at 1829 PROVIDENCE Street NE Washington, DC.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: High Income Potential: Estimated $8,000/month gross income from two units.; Large Units: Each unit features **4 bedrooms and 3 full bathrooms.**; Ideal for Various Business Models: Suitable for group homes, assisted living, or room‑by‑room rentals.
    (202) 953-0777
    We can help!
    Listing Contact
    Russell Carter
    Real Estate License ID: SP98377566
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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