Turnkey Duplex with Separate
1109 I Street NE Washington, DC 20002
For Sale
$1,400,000
Fully renovated duplex with two leased units, private outdoor spaces, secure parking, and a dedicated EV charging station.
Property Size2,348 SF
Price / SF$596.25
Days on Market123
Property Features for 1109 I Street NE
General Information
- Standard status
- Active
- Size
- 2,348 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1933
Listing Agency:
Liyu Cao
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Mar 26
Changed: Jul 20
Last Checked: Jul 26 at 3:41AM
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 Liyu Cao
Investment Insights
Based on property information with market context.
1109 I Street NE presents a fully renovated, income-producing duplex with a main home plus a separate two-bedroom, one-bath unit. The main level features an open layout with exposed brick, newly refinished red oak hardwood floors, built-in speakers, and a custom kitchen with abundant storage. An upper level includes three bedrooms and two full baths finished with floor-to-ceiling Avalon Marble tile, supported by Elfa closet systems. The lower level unit has a Certificate of Occupancy and includes windows in every room.
The property is set on a quiet one-way street just steps from the H Street corridor. Each unit is leased through late 2026, providing in-place rental income, and separate utility meters are in place. Outdoor amenities include a flagstone patio in the front and a fully hardscaped rear yard with pavers. Additional features include a large storage shed, secure parking for two vehicles, and a dedicated EV charging station.
The property is set on a quiet one-way street just steps from the H Street corridor. Each unit is leased through late 2026, providing in-place rental income, and separate utility meters are in place. Outdoor amenities include a flagstone patio in the front and a fully hardscaped rear yard with pavers. Additional features include a large storage shed, secure parking for two vehicles, and a dedicated EV charging station.
Key Highlights
- Leased duplex with a separate lower‑level 2‑bedroom, 1‑bath unit and three‑bedroom upper unit; both leases in place through late 2026
- Nearly 2,400 sq ft, fully renovated with exposed brick and newly refinished red oak hardwood floors, plus a custom kitchen with abundant storage
- Skylit upper level with 3 bedrooms, Elfa closet systems, and two full baths finished in floor‑to‑ceiling Avalon Marble tile
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 | $67.6k | $28.80 |
| − Vacancy | −$3.7k | −$1.58 |
| EGI | $63.9k | $27.22 |
| − OpEx | −$19.2k | −$8.16 |
| NOI | $44.7k | $19.05 |
2,348 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$639.0K
$559.2K – $745.5K
NOI $44,732 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$571.1K
$499.7K – $666.2K
NOI $39,974 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,859 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated duplex with two leased units, private outdoor spaces, secure parking, and a dedicated EV charging station.
Where is this duplex located?
The property is located at 1109 I Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Leased duplex with a separate lower‑level 2‑bedroom, 1‑bath unit and three‑bedroom upper unit; both leases in place through late 2026; Nearly 2,400 sq ft, fully renovated with exposed brick and newly refinished red oak hardwood floors, plus a custom kitchen with abundant storage; Skylit upper level with 3 bedrooms, Elfa closet systems, and two full baths finished in floor‑to‑ceiling Avalon Marble tile
