Federal Two-Unit
For Sale
Under Contract
$1,075,000
3639 NEW HAMPSHIRE Avenue NW, Washington, DC 20010
Multi-Family, WASHINGTON, DC
Property Size3,148 SF
Lot Size0.04 Acres
Price / SF$341.49
Days on Market158
Property Features for 3639 NEW HAMPSHIRE Avenue NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Fireplace
1
Subdivision
PETWORTH
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 Under Contract
Size
3,148 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
67075
Utilities
Heating system
Central, Heat Pump (Heating), Electric (Heating), Zoned
Cooling system
Central Air
Amenities
fireplace
deck
in-unit laundry
Building Details
Year built
1911
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
RLAH @properties
(202) 518-8781
Listed By:
Jason C Lallis · License #AB98375681
(202) 702-1822
Added: Apr 9
Changed: Sep 13
Last Checked: Sep 13 at 3:06PM
MLS# DCDC2254754
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 3639 New Hampshire Avenue NW, this vacant Federal-style brick duplex contains 3,148 square feet across two separately metered residences. The main home offers four bedrooms, 3.5 baths, an open kitchen and dining area, a private living room, solid oak flooring, a fireplace, main-level laundry, and a composite deck. Its upper level includes two primary suites with en-suite baths, two additional bedrooms, and a full hall bath.
The lower residence provides approximately 1,100+ square feet with two bedrooms, 2.5 baths, a full kitchen, in-unit laundry, and an open layout. Both units have Certificates of Occupancy. The property sits on a 0.0446-acre corner lot and is delivered vacant. Central air, zoned electric heat-pump systems, and on-street parking are provided. Columbia Heights and Petworth Metro stations, Giant, Target, Rock Creek Park trails, and neighborhood green spaces are nearby, with a garage option approximately a four-minute walk away.
The lower residence provides approximately 1,100+ square feet with two bedrooms, 2.5 baths, a full kitchen, in-unit laundry, and an open layout. Both units have Certificates of Occupancy. The property sits on a 0.0446-acre corner lot and is delivered vacant. Central air, zoned electric heat-pump systems, and on-street parking are provided. Columbia Heights and Petworth Metro stations, Giant, Target, Rock Creek Park trails, and neighborhood green spaces are nearby, with a garage option approximately a four-minute walk away.
Key Highlights
- Two‑unit duplex with 3,148 square feet of total property size
- Main residence includes 4 bedrooms, 3.5 baths, two primary suites, and a composite deck
- Lower unit offers approximately 1,100+ sq ft with 2BR/2.5BA and a full kitchen
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
$56,403
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
5.25%
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%
$1,128,060
$1.1M
Cap Rate 7%
$805,757
$805.8K
Cap Rate 9%
$626,700
$626.7K
Market Conditions
NOI Build-Up for 3,148 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
$85.0K $27.00/SF
− Vacancy
−$4.4K −$1.40/SF
EGI
$80.6K $25.60/SF
− OpEx
−$24.2K −$7.68/SF
NOI
$56.4K $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%
$1,128,060
Cap Rate 7%
$805,757
Cap Rate 9%
$626,700
Alternative Uses
Best Use
Multifamily LT 5
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$747.2K
$653.8K – $871.8K
NOI $52,306 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,346 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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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 - Vacant brick duplex with separate meters, Certificates of Occupancy, and distinct living spaces.
Where is this duplex located?
The property is located at 3639 NEW HAMPSHIRE Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,148 square feet of total property size; Main residence includes 4 bedrooms, 3.5 baths, two primary suites, and a composite deck; Lower unit offers approximately 1,100+ sq ft with 2BR/2.5BA and a full kitchen
