Federal Brick
For Sale
$799,900
1012 FLORIDA Avenue NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,400 SF
Lot Size0.08 Acres
Price / SF$571.36
Days on Market97
Property Features for 1012 FLORIDA Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Parking features
Driveway
Subdivision
CAPITOL HILL NORTH
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
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 · Keller Williams Realty
(202) 243-7700
Listed By:
Joel S Nelson · License #SP98357766
(202) 243-7707
Added: Jul 24
Changed: Oct 14
Last Checked: Oct 28 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1903, this Federal-style duplex is a brick semi-detached property measuring 1,400 square feet. The layout includes two flats, with one residence on each level, and separate front and side entrances. The ground floor was most recently used as office space, while the upper level was configured as a one-bedroom apartment.
The property occupies a 0.0773-acre lot at 1012 Florida Avenue NE in Washington, DC. A driveway provides parking for approximately 3–6 vehicles. Development standards allow at least 50 feet of height and more than 5,000 gross square feet, providing a basis for additional building area and two more stories. Forced-air heating and brick construction are in place.
The property occupies a 0.0773-acre lot at 1012 Florida Avenue NE in Washington, DC. A driveway provides parking for approximately 3–6 vehicles. Development standards allow at least 50 feet of height and more than 5,000 gross square feet, providing a basis for additional building area and two more stories. Forced-air heating and brick construction are in place.
Key Highlights
- 1,400‑square‑foot Federal‑style duplex built in 1903
- Two‑flat layout with front and side entrances
- 0.0773‑acre lot at 1012 Florida Avenue NE
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,672
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,440
$533.4K
Cap Rate 7%
$381,029
$381.0K
Cap Rate 9%
$296,356
$296.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$40.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$38.1K $27.22/SF
− OpEx
−$11.4K −$8.16/SF
NOI
$26.7K $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 Rate 5%
$533,440
Cap Rate 7%
$381,029
Cap Rate 9%
$296,356
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.
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Open Analytics
Lease Details
1
Office units
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,271
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Federal-style property with separate entrances, driveway parking, and flexible residential or office configuration.
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: 1,400‑square‑foot Federal‑style duplex built in 1903; Two‑flat layout with front and side entrances; 0.0773‑acre lot at 1012 Florida Avenue NE
