Renovated Duplex with Separate
For Sale
$1,100,000
3151 NEWTON Street NE, Washington, DC 20018
Multi-Family, WASHINGTON, DC
Property Size3,586 SF
Lot Size0.15 Acres
Price / SF$306.75
Days on Market58
Property Features for 3151 NEWTON Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking features
Fenced, Driveway, On Street
Interior features
Bathroom - Soaking Tub, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Floor Plan - Open
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Energy Efficient Appliances, Washer, Refrigerator, Stove, Range Hood
Subdivision
WOODRIDGE
High school
DUNBAR
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
3,586 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
28826
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1923
Number of units
1
Building materials
Combination
Architectural style
Colonial
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Yves Jean Baptiste · License #674819
(202) 210-8558
Added: Jul 7
Changed: Aug 26
Last Checked: Sep 2 at 5:06AM
MLS# DCDC2271946
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 renovated Colonial duplex provides 3,586 square feet across multiple levels, with a main residence and a separate lower-level apartment. The primary home includes an open main floor with living, dining, family, and kitchen areas, plus three bedrooms, multiple full bathrooms, an upper-level laundry, and a versatile third-floor bonus space. A rear porch, rooftop-style balcony, wraparound backyard, and gated exterior add usable outdoor areas.
The independent apartment has its own entrance, kitchen, bedroom, bathroom, living area, and breakfast nook. Additional features include a second laundry area, private driveway access through a secure rear gate, fenced parking, central air, hot water heating, and a selection of modern appliances. The property is located at 3151 Newton Street NE in Washington, DC 20018.
The independent apartment has its own entrance, kitchen, bedroom, bathroom, living area, and breakfast nook. Additional features include a second laundry area, private driveway access through a secure rear gate, fenced parking, central air, hot water heating, and a selection of modern appliances. The property is located at 3151 Newton Street NE in Washington, DC 20018.
Key Highlights
- 3,586‑square‑foot renovated duplex on a 0.1478‑acre lot
- Separate apartment with private entrance, kitchen, bedroom, bathroom, living area, and breakfast nook
- Primary residence includes three bedrooms and multiple full bathrooms
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
$64,251
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
5.84%
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%
$1,285,020
$1.3M
Cap Rate 7%
$917,871
$917.9K
Cap Rate 9%
$713,900
$713.9K
Market Conditions
NOI Build-Up for 3,586 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
$96.8K $27.00/SF
− Vacancy
−$5.0K −$1.40/SF
EGI
$91.8K $25.60/SF
− OpEx
−$27.5K −$7.68/SF
NOI
$64.3K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,285,020
Cap Rate 7%
$917,871
Cap Rate 9%
$713,900
Alternative Uses
Best Use
Multifamily LT 5
$917.9K
$803.1K – $1.07M
NOI $64,251 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$851.2K
$744.8K – $993.1K
NOI $59,583 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,117 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
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 - Flexible duplex layout combines spacious primary living areas with a fully independent lower-level apartment.
Where is this duplex located?
The property is located at 3151 NEWTON 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: 3,586‑square‑foot renovated duplex on a 0.1478‑acre lot; Separate apartment with private entrance, kitchen, bedroom, bathroom, living area, and breakfast nook; Primary residence includes three bedrooms and multiple full bathrooms
