Two-Unit Residential Income
For Sale
$475,000
1105 16TH Street NE, Washington, DC 20002
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size1,254 SF
Lot Size0.04 Acres
Price / SF$378.79
Days on Market51
Property Features for 1105 16TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Fenced, Driveway, Off Street
Subdivision
TRINIDAD
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
1,254 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4385
Utilities
Heating system
Central
Cooling system
Wall Unit(s)
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Compass
(301) 298-1001
Listed By:
Kathleen M Eder · License #AB98357867
(202) 302-4863
Added: Jul 10
Changed: Jul 13
Last Checked: Aug 29 at 3:06AM
MLS# DCDC2272168
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 two-unit residential income building offers two move-in ready 1-bedroom, 1-bath apartments. The interior updates include wood floors and fresh paint inside and out. A new exterior fence has also been added, improving the property’s overall condition and privacy.
Parking is available in the rear for three cars. The property is located in Washington, DC, and is described as within walking distance to cafes, restaurants, and shops along the H Street corridor.
Each unit is configured as a 1-bedroom, 1-bath home, giving the building a straightforward duplex layout for residential rental use.
Parking is available in the rear for three cars. The property is located in Washington, DC, and is described as within walking distance to cafes, restaurants, and shops along the H Street corridor.
Each unit is configured as a 1-bedroom, 1-bath home, giving the building a straightforward duplex layout for residential rental use.
Key Highlights
- Two‑unit building with two 1‑bedroom, 1‑bath units
- Brick construction with Federal architectural style
- Central heating with wall A/C 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
$23,890
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
5.03%
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%
$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
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
$36.1K $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 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%
$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 5.03%
Second Best
Apartment 5plus
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$647.4K
$566.5K – $755.4K
NOI $45,321 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,604
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two move-in ready 1-bedroom, 1-bath units with updated interiors, plus rear parking for three cars.
Where is this duplex located?
The property is located at 1105 16TH Street NE Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit building with two 1‑bedroom, 1‑bath units; Brick construction with Federal architectural style; Central heating with wall A/C units
