Turnkey Duplex with Separate
For Sale
$1,400,000
1109 I St NE, Washington, DC 20002
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 Market121
Property Features for 1109 I St NE
General Information
Standard status
Active
Size
2,348 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Trinidad
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1933
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Matthew Lyall Beers · License #SP200202750
(443) 466-8649
Source:
Fulcrum-residential
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 4 at 3:25PM
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 Spring Hill Real Estate, LLC.
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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
Estimated NOI and Cap Rate
NOI / Yr
$44,732
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,640
$894.6K
Cap Rate 7%
$639,029
$639.0K
Cap Rate 9%
$497,022
$497.0K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$67.6K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.9K $27.22/SF
− OpEx
−$19.2K −$8.16/SF
NOI
$44.7K $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%
$894,640
Cap Rate 7%
$639,029
Cap Rate 9%
$497,022
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 authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,588
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 St 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
