Renovated Two-Unit Brick
2429 IRVING Street SE Washington, DC 20020
2429 IRVING Street SE, Washington, DC, 20020
$440,000
For Sale
$440,000
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size1,332 SF
Lot Size0.06 Acres
Price / SF$330.33
Days on Market113
Property Features for 2429 IRVING Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 3
- Parking features
- On Street, Off Street
- Interior features
- Wood Floors, Ceiling Fan(s), Floor Plan - Traditional, Walk-in Closet(s), Dining Area
- Appliances
- WaterHeater, Washer, Refrigerator, Range Hood, Oven/Range - Gas, Dryer
- Standard status
- Active
- Size
- 1,332 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3296
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agency
Keller Williams Preferred Properties
(240) 737-5000
Listed by
William E Newsome · License #SP68943
(202) 498-2765
Added: Apr 1 Updated: Jun 9 at 11:54AM Checked: Jul 22 at 1:06PM
MLS# DCDC2253466
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 is a renovated two-unit brick property featuring updated kitchens and baths. The property has separate entrances and parking in the rear for three or more cars. It is located close to metro and bus lines. The property is vacant, allowing the buyer to choose their own tenants. It is situated close to shopping and a block from the Suitland Parkway entrance, with convenient access to downtown and suburban Maryland. The property size is 1332 square feet and the lot size is 0.0562 acres. It is located in WASHINGTON, DC, with a postal code of 20020.
Key Highlights
- Totally renovated 2‑unit brick property with separate kitchens and baths
- On‑street and off‑street parking, plus rear parking for 3+ cars
- Colonial‑style home built in 1950
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 | $36.0k | $27.00 |
| − Vacancy | −$2.3k | −$1.76 |
| EGI | $33.6k | $25.25 |
| − OpEx | −$10.1k | −$7.57 |
| NOI | $23.5k | $17.67 |
1,332 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.3K
$294.2K – $392.3K
NOI $23,538 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$300.4K
$262.9K – $350.5K
NOI $21,028 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$687.7K
$601.8K – $802.3K
NOI $48,140 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-unit property with parking, close to metro and bus.
Where is this duplex located?
The property is located at 2429 IRVING Street SE Washington, DC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Totally renovated 2‑unit brick property with separate kitchens and baths; On‑street and off‑street parking, plus rear parking for 3+ cars; Colonial‑style home built in 1950
