New Construction Two-Unit
For Sale
$794,000
4312 HAYES Street NE, Washington, DC 20002
MULTI_FAMILY - Contemporary - WASHINGTON, DC
Property Size3,218 SF
Lot Size0.07 Acres
Price / SF$246.74
Days on Market35
Property Features for 4312 HAYES Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking
2
Parking features
Off Street
Subdivision
DEANWOOD
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
3,218 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
375
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Number of units
2
Building materials
Mixed
Architectural style
Contemporary
Listing Agency:
Redfin Corp
(202) 759-7581
Listed By:
Chelsea Lanise Traylor · License #SP98362569
(703) 989-4903
Added: Jul 24
Last Checked: Aug 27 at 9:06AM
MLS# DCDC2268768
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.
Brand-new contemporary two-unit duplex with separate meters and secure garage parking for two vehicles, accessed by remote control. The upper residence features an open, flexible layout with floor-to-ceiling windows, a main-level bedroom with an en-suite bathroom, and an upper-level configuration with two additional bedroom suites, including an oversized primary retreat with an en-suite bath, two closets, and a Juliette balcony. An upper-level laundry closet adds everyday convenience.
The lower residence has a private entrance and offers a 1-bedroom, 1-bathroom plan with a full kitchen, separate washer and dryer, and generous storage, with large picture windows supporting a bright, open-concept living area.
Set in the Deanwood area of Washington, DC, the property provides access to Deanwood Metro Station, Marvin Gaye Park, the Deanwood Recreation Center, and the Deanwood Community Garden, with nearby shopping and dining and commuter routes including Route 50, I-295, and I-495.
The lower residence has a private entrance and offers a 1-bedroom, 1-bathroom plan with a full kitchen, separate washer and dryer, and generous storage, with large picture windows supporting a bright, open-concept living area.
Set in the Deanwood area of Washington, DC, the property provides access to Deanwood Metro Station, Marvin Gaye Park, the Deanwood Recreation Center, and the Deanwood Community Garden, with nearby shopping and dining and commuter routes including Route 50, I-295, and I-495.
Key Highlights
- New construction duplex built in 2026 with contemporary mixed construction materials
- Two units with separate metering for each residence
- Upper unit: 3 bedrooms, 3.5 bathrooms with an en suite main‑level bedroom
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
$61,307
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
7.72%
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%
$1,226,140
$1.2M
Cap Rate 7%
$875,814
$875.8K
Cap Rate 9%
$681,189
$681.2K
Market Conditions
NOI Build-Up for 3,218 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
$92.7K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.6K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.3K $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%
$1,226,140
Cap Rate 7%
$875,814
Cap Rate 9%
$681,189
Alternative Uses
Best Use
Multifamily LT 5
$875.8K
$766.3K – $1.02M
NOI $61,307 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$782.6K
$684.8K – $913.1K
NOI $54,785 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,302 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
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
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 - Two separately metered units with garage parking for two vehicles and remote-controlled access.
Where is this duplex located?
The property is located at 4312 HAYES Street NE Washington, DC.
What is the asking price?
The asking price for this property is $794,000.
What are key features of this property?
This property features: New construction duplex built in 2026 with contemporary mixed construction materials; Two units with separate metering for each residence; Upper unit: 3 bedrooms, 3.5 bathrooms with an en suite main‑level bedroom
