Two-Unit Duplex with
For Sale
$724,999
1102 K STREET SE, Washington, DC 20003
Semi-detached duplex with two one-bedroom units, updated HVAC, and a current certificate of occupancy.
Property Size1,344 SF
Price / SF$539.43
Days on Market29
Property Features for 1102 K STREET SE
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
Front windows likely will require replacement
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1890
Buildings
1
Listing Agency:
TTR Sotheby's International Realty
(202) 251-7465
Listed By:
Christopher S Burns · License #650251
(202) 251-7465
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 28 at 12:18PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,344-square-foot semi-detached duplex was built in 1890 and contains two one-bedroom units. The at-grade first unit includes a private backyard and patio and is presented as turnkey, while the second unit provides a renovation and repositioning opportunity. Both units have new HVAC systems, and the property has a current certificate of occupancy. Front window replacement may be subject to review by DC’s Historic Preservation Review Board.
Located at 1102 K Street SE in Washington, DC, the property is an 8-minute walk from Barracks Row restaurants, bars, and shops. Potomac Ave Metro, served by the Blue, Orange, and Silver lines, is a 9-minute walk away. Harris Teeter is 10 minutes on foot, Eastern Market is 14 minutes away, and Navy Yard restaurants and bars are within a 20-minute walk. Nationals Park is a 25-minute walk from the property. The site also offers access to I-695, I-395, and 295, with zoned street parking available.
Located at 1102 K Street SE in Washington, DC, the property is an 8-minute walk from Barracks Row restaurants, bars, and shops. Potomac Ave Metro, served by the Blue, Orange, and Silver lines, is a 9-minute walk away. Harris Teeter is 10 minutes on foot, Eastern Market is 14 minutes away, and Navy Yard restaurants and bars are within a 20-minute walk. Nationals Park is a 25-minute walk from the property. The site also offers access to I-695, I-395, and 295, with zoned street parking available.
Key Highlights
- Two one‑bedroom units within a 1,344‑square‑foot duplex
- Current certificate of occupancy in place
- New HVAC installed in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,081
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,620
$481.6K
Cap Rate 7%
$344,014
$344.0K
Cap Rate 9%
$267,567
$267.6K
Market Conditions
NOI Build-Up for 1,344 SF
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.
Gross rent
$36.3K $27.00/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$34.4K $25.60/SF
− OpEx
−$10.3K −$7.68/SF
NOI
$24.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,620
Cap Rate 7%
$344,014
Cap Rate 9%
$267,567
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.4K
NOI $24,081 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,331 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$691.3K
$604.9K – $806.5K
NOI $48,392 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,948
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached duplex with two one-bedroom units, updated HVAC, and a current certificate of occupancy.
Where is this duplex located?
The property is located at 1102 K STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $724,999.
What are key features of this property?
This property features: Two one‑bedroom units within a 1,344‑square‑foot duplex; Current certificate of occupancy in place; New HVAC installed in both units
