Mixed-Use Building with Vacant
For Sale
$899,900
1009 E St SE, Washington, DC 20003
Two-level property combining a vacant dental office area with residential space above.
Property Size1,680 SF
Price / SF$535.65
Days on Market58
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Property Features for 1009 E St SE
General Information
Standard status
Active
Size
1,680 SF
Building Details
Year Built
1930
Listing Agency:
Michaels Realty, Inc.
Listed By:
Abiodun Olorunwunmi
(301) 306-1777
Source:
Themelaninteam
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 7 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michaels Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 1009 E Street SE, this 1930 mixed-use building has a residential upper level and a first floor previously converted for dental office use. The lower level is vacant, and the seller can remove the existing partition walls. That area may be returned to residential configuration.
The property faces Pennsylvania Ave. SE and sits directly behind Eastern Market Park. Residential and commercial uses are permitted, supporting a flexible arrangement within the existing structure. The building’s current layout combines office improvements on the main level with residential space upstairs.
The property faces Pennsylvania Ave. SE and sits directly behind Eastern Market Park. Residential and commercial uses are permitted, supporting a flexible arrangement within the existing structure. The building’s current layout combines office improvements on the main level with residential space upstairs.
Key Highlights
- Residential and commercial uses permitted
- First floor converted to a dental office and currently vacant
- Upper level remains residential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,101
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,020
$602.0K
Cap Rate 7%
$430,014
$430.0K
Cap Rate 9%
$334,456
$334.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$45.4K $27.00/SF
− Vacancy
−$2.4K −$1.40/SF
EGI
$43.0K $25.60/SF
− OpEx
−$12.9K −$7.68/SF
NOI
$30.1K $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 Rate 5%
$602,020
Cap Rate 7%
$430,014
Cap Rate 9%
$334,456
Alternative Uses
Best Use
Multifamily LT 5
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,914 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$864.1K
$756.1K – $1.01M
NOI $60,490 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combining a vacant dental office area with residential space above.
Where is this mixed-use property located?
The property is located at 1009 E St SE Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Residential and commercial uses permitted; First floor converted to a dental office and currently vacant; Upper level remains residential
