Brick End-Unit Multifamily
1016 Irving Street NW Washington, DC 20010
For Sale
$699,900
Two separately metered 1BR/1BA units with hardwood floors, flexible rear bonus rooms, and stackable washer-dryers.
Property Size1,330 SF
Price / SF$526.24
Days on Market147
Property Features for 1016 Irving Street NW
General Information
Standard status
Active
Size
1,330 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
EXP Realty, LLC
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 29 at 4:07AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This classic brick end-unit multifamily duplex includes two separate 1BR/1BA residences with independently metered utilities. Each unit features a spacious living room with abundant natural light, hardwood floors, and a flexible rear bonus room that can accommodate a home office, den, or additional living space. Stackable washer-dryers are in both units. The property is being sold with one unit vacant and the other currently occupied, giving buyers flexibility in managing occupancy and interior updates.
Set on a corner lot on a quiet, tree-lined street, the home is positioned for convenient neighborhood access, with retail and dining options, parks, and Metro located just minutes away as described in the listing remarks. The end-unit layout and corner placement are also expected to support strong daylighting and curb appeal.
The opportunity is well suited for buyers looking to renovate and refresh the interior. The owner has completed DC’s newly revised TOPA exemption notices related to the transfer and sale, and the property is marketed with a clear path to closing so buyers can move forward promptly. Showings require 24-hour notice.
Set on a corner lot on a quiet, tree-lined street, the home is positioned for convenient neighborhood access, with retail and dining options, parks, and Metro located just minutes away as described in the listing remarks. The end-unit layout and corner placement are also expected to support strong daylighting and curb appeal.
The opportunity is well suited for buyers looking to renovate and refresh the interior. The owner has completed DC’s newly revised TOPA exemption notices related to the transfer and sale, and the property is marketed with a clear path to closing so buyers can move forward promptly. Showings require 24-hour notice.
Key Highlights
- Classic brick end‑unit multifamily in Columbia Heights featuring two separately‑metered 1BR/1BA units
- Each unit includes spacious living areas with hardwood floors and a flexible rear bonus room (home office/den/extra living)
- Stackable washer‑dryers in both units; one unit is vacant and the other is occupied
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 | $35.9k | $27.00 |
| − Vacancy | −$1.9k | −$1.40 |
| EGI | $34.0k | $25.60 |
| − OpEx | −$10.2k | −$7.68 |
| NOI | $23.8k | $17.92 |
1,330 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.2K
NOI $23,830 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$315.7K
$276.2K – $368.3K
NOI $22,099 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$684.1K
$598.6K – $798.1K
NOI $47,888 @ 7.0% cap · market cap 6.84%
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 - Two separately metered 1BR/1BA units with hardwood floors, flexible rear bonus rooms, and stackable washer-dryers.
Where is this duplex located?
The property is located at 1016 Irving Street NW Washington, DC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Classic brick end‑unit multifamily in Columbia Heights featuring two separately‑metered 1BR/1BA units; Each unit includes spacious living areas with hardwood floors and a flexible rear bonus room (home office/den/extra living); Stackable washer‑dryers in both units; one unit is vacant and the other is occupied
