Brick Semi-Detached Duplex
For Sale
$799,900
1012 FLORIDA AVENUE NE, Washington, DC 20002
Semi-detached brick building configured as two-unit flats with front and side entrances.
Property Size1,400 SF
Price / SF$571.36
Days on Market98
Property Features for 1012 FLORIDA AVENUE NE
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
6
Property subtype
Duplex
Site & Location
Neighborhood
Trinidad
Taxes and HOA fees
Annual Taxes
$9,760
Building Details
Building Size
1,400 SF
Year Built
1903
Construction
brick
Listing Agency:
Keller Williams Capital Properties
Listed By:
Joel S Nelson · License #SP98357766
(202) 243-7707
Source:
Kerishull
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 1:43PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This handsome brick semi-detached building is currently configured as two-unit flats, with one unit on the upper level and one unit on the lower level. The layout includes front and side entrances, and the most recently described use is office on the ground level with a 1BR apartment above.
The property sits on a large lot, positioned on the sunny side per the provided remarks. The information also notes development standards that allow for at least 50 feet of height (two additional storeys) and more than 5,000 gross square feet of space, along with easy parking for 3–6 vehicles.
Walk and bike accessibility are supported by the provided scores, with a walkScore of 94 and bikeScore of 87, and a transitScore of 70. The remarks also reference nearby development activity at 1020 Florida, described as maximum development of 10 luxury residences on a same-sized lot.
The property sits on a large lot, positioned on the sunny side per the provided remarks. The information also notes development standards that allow for at least 50 feet of height (two additional storeys) and more than 5,000 gross square feet of space, along with easy parking for 3–6 vehicles.
Walk and bike accessibility are supported by the provided scores, with a walkScore of 94 and bikeScore of 87, and a transitScore of 70. The remarks also reference nearby development activity at 1020 Florida, described as maximum development of 10 luxury residences on a same-sized lot.
Key Highlights
- 1903 semi‑detached brick building currently configured as two‑unit flats (1 up + 1 down)
- Front and side entrances, with separate entry access for both units
- Most recently used as an office on the ground level and a 1BR apartment above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,703
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,060
$934.1K
Cap Rate 7%
$667,186
$667.2K
Cap Rate 9%
$518,922
$518.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$78.6K $56.16/SF
− Vacancy
−$16.4K −$11.68/SF
EGI
$62.3K $44.48/SF
− OpEx
−$15.6K −$11.12/SF
NOI
$46.7K $33.36/SF
Area
ZIP 20002
Vacancy
20.80%
Lease Rate
$56.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,060
Cap Rate 7%
$667,186
Cap Rate 9%
$518,922
Alternative Uses
Best Use
Office B
$667.2K
$583.8K – $778.4K
NOI $46,703 @ 7.0% cap · market cap 5.84%
Second Best
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$722.8K
$632.5K – $843.3K
NOI $50,598 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Washington, DC
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached brick building configured as two-unit flats with front and side entrances.
Where is this duplex located?
The property is located at 1012 FLORIDA AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 1903 semi‑detached brick building currently configured as two‑unit flats (1 up + 1 down); Front and side entrances, with separate entry access for both units; Most recently used as an office on the ground level and a 1BR apartment above
