Victorian Duplex with Central
For Sale
$850,000
331 E Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,104 SF
Lot Size0.02 Acres
Price / SF$403.99
Days on Market105
Property Features for 331 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On 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
2,104 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7932
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central air
laundry room
Building Details
Year built
1890
Number of units
2
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: Jun 15
Changed: Aug 30
Last Checked: Sep 27 at 1:06PM
MLS# DCDC2268188
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 2,104-square-foot brick duplex was built in 1890 in the Victorian style. The property contains two one-bedroom, one-bath units, each with individual central air and separate gas and electric metering. Interior details include upgraded kitchens and baths, solid hardwood floors, and period character. A basement laundry room serves the building, while parking is available on the street. The property does not have alley access.
The residence is 0.4mi from Whole Foods and the H Street Corridor, 0.4mi from Union Station, and 0.2mi from Stanton Park. Walk, transit, and bicycle scores are 96, 89, and 96, respectively.
One unit is leased and the other is vacant, offering an existing income component alongside an available residence. The 0.016-acre lot supports the duplex configuration in Washington, DC 20002.
The residence is 0.4mi from Whole Foods and the H Street Corridor, 0.4mi from Union Station, and 0.2mi from Stanton Park. Walk, transit, and bicycle scores are 96, 89, and 96, respectively.
One unit is leased and the other is vacant, offering an existing income component alongside an available residence. The 0.016-acre lot supports the duplex configuration in Washington, DC 20002.
Key Highlights
- 2,104 square feet on a 0.016‑acre lot
- Two 1‑bedroom / 1‑bath units with individual central air
- Separate gas and electric metering for each unit
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
$40,084
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
4.72%
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%
$801,680
$801.7K
Cap Rate 7%
$572,629
$572.6K
Cap Rate 9%
$445,378
$445.4K
Market Conditions
NOI Build-Up for 2,104 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
$60.6K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$57.3K $27.22/SF
− OpEx
−$17.2K −$8.16/SF
NOI
$40.1K $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%
$801,680
Cap Rate 7%
$572,629
Cap Rate 9%
$445,378
Alternative Uses
Best Use
Multifamily LT 5
$572.6K
$501.1K – $668.1K
NOI $40,084 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$511.7K
$447.8K – $597.0K
NOI $35,820 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,052
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom, one-bath residences feature separate utility metering and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 331 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,104 square feet on a 0.016‑acre lot; Two 1‑bedroom / 1‑bath units with individual central air; Separate gas and electric metering for each unit
