Two-Unit Duplex with Wood
For Sale
$440,000
1105 16TH ST NE, Washington, DC 20002
Each residence offers one bedroom and one bath, with three rear parking spaces serving the building.
Property Size1,254 SF
Price / SF$350.88
Days on Market53
Property Features for 1105 16TH ST NE
General Information
Standard status
Active
Size
1,254 SF
Total Parking Spaces
3
Property subtype
Multi-family
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Listing Agency:
Compass
(301) 298-1001
Listed By:
Kathleen M Eder · License #AB98357867
(202) 302-4863
Source:
Towncentermd
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 28 at 8:39AM
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 Compass
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Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath residences within a 1,254-square-foot building. Both units are described as move-in ready and feature wood floors. Recent property updates include interior and exterior paint along with a new fence enclosing the exterior.
Rear parking accommodates three cars. The property is within walking distance of cafes, restaurants, and shops along the H Street corridor, with bicycle access to the Arboretum and National Bonsai Museum.
Rear parking accommodates three cars. The property is within walking distance of cafes, restaurants, and shops along the H Street corridor, with bicycle access to the Arboretum and National Bonsai Museum.
Key Highlights
- Two one‑bedroom, one‑bath units in a 1,254‑square‑foot duplex
- Wood floors in both residences
- Fresh interior and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,890
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,800
$477.8K
Cap Rate 7%
$341,286
$341.3K
Cap Rate 9%
$265,444
$265.4K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$36.1K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.1K $27.22/SF
− OpEx
−$10.2K −$8.16/SF
NOI
$23.9K $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%
$477,800
Cap Rate 7%
$341,286
Cap Rate 9%
$265,444
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,890 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$647.4K
$566.5K – $755.4K
NOI $45,321 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,604
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers one bedroom and one bath, with three rear parking spaces serving the building.
Where is this duplex located?
The property is located at 1105 16TH ST NE Washington, DC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units in a 1,254‑square‑foot duplex; Wood floors in both residences; Fresh interior and exterior paint
