Brick Duplex with Two
1012 FLORIDA Avenue NE Washington, DC 20002
New
For Sale
$799,900
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size1,400 SF
Lot Size0.08 Acres
Price / SF$571.36
Days on Market7
Property Features for 1012 FLORIDA Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Parking features
Driveway
Standard status
Active
Size
1,400 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
9760
Utilities
Heating system
Forced Air
Building Details
Year built
1903
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Keller Williams Capital Properties
(202) 243-7700
Listed By:
Joel S Nelson · License #SP98357766
(202) 243-7707
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 1:06AM
MLS# DCDC2275218
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 semi-detached brick building is currently configured as two unit flats with one unit on the upper level and one unit on the lower level. The property features front and side entrances, and it has most recently been used with an office on the ground level and a 1BR apartment above. The site includes a small lot of approximately 0.0773 acres and is listed with an overall property size of about 1,400 square feet.
The building is located at 1012 Florida Avenue NE in Washington, DC 20002. Public remarks note development options based on applicable standards, including allowance for at least 50 feet of height (two additional storeys) and more than 5,000 gross square feet of space, along with parking for approximately 3–6 vehicles.
A nearby similarly sized lot at 1020 Florida is cited in the remarks as showing maximum development of 10 luxury residences, providing additional context for potential redevelopment planning.
The building is located at 1012 Florida Avenue NE in Washington, DC 20002. Public remarks note development options based on applicable standards, including allowance for at least 50 feet of height (two additional storeys) and more than 5,000 gross square feet of space, along with parking for approximately 3–6 vehicles.
A nearby similarly sized lot at 1020 Florida is cited in the remarks as showing maximum development of 10 luxury residences, providing additional context for potential redevelopment planning.
Key Highlights
- Brick semi‑detached building built in 1903 with Federal architectural style
- Currently configured as 2 unit flats (1 up + 1 down) with front and side entrances
- Most recently used as an office on the ground level and a 1BR apartment above
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $28.80 |
| − Vacancy | −$2.2k | −$1.58 |
| EGI | $38.1k | $27.22 |
| − OpEx | −$11.4k | −$8.16 |
| NOI | $26.7k | $19.05 |
1,400 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$340.5K
$297.9K – $397.3K
NOI $23,835 @ 7.0% cap · market cap 2.98%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached brick duplex configured as two 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: Brick semi‑detached building built in 1903 with Federal architectural style; Currently configured as 2 unit flats (1 up + 1 down) with front and side entrances; Most recently used as an office on the ground level and a 1BR apartment above
