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    Luxury NoMa Multifamily Investment Title is generated by Realmo AI

    1168 ABBEY Place NE, Washington, DC 20002

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    For Sale
    $1,299,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    2,039 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $637/SF
    Added:
    May 22, 2026
    Days on Market:
    8
    Last Refresh:
    May 29 at 10:06 pm

    Property Features for 1168 ABBEY Place NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Family Room, Basement, Dining Room
    Parking
    1
    Parking features
    Garage - Attached, Driveway, Off Street
    Interior features
    2nd Kitchen, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Combination Dining/Living, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Skylight(s), Window Treatments, Wine Storage, Wood Floors
    Appliances
    Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Energy Efficient Appliances, Exhaust Fan, Icemaker, Instant Hot Water, Microwave, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater - Tankless
    Standard status
    Active
    Size
    2,039 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10413

    Utilities

    Heating system
    Forced Air, Central, Zoned
    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick Front, Brick, Stucco
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jordan D Stuart

    Listing agent Jordan D Stuart License #SP600402

    Listing office Keller Williams Capital Properties 25 Clement Drive unit: 102, WASHINGTON, DC

    Listing date May 22, 2026

    MLS# DCDC2263348 Listing URL

    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.

    HighLights

    • Boutique 2‑unit building in the heart of NoMa, offering flexibility for owner‑occupancy or maximizing returns.
    • Fully reconstructed in 2019 with all new systems and modern luxury finishes.
    • Includes a separately deeded, secure parking space with electric Level 1 charger.
    • Unit 2 features a private roof deck with panoramic 360‑degree city views.
    • Both units feature open‑concept layouts, engineered oak hardwood flooring, quartz countertops, and spa‑inspired marble bathrooms.
    • Located just two blocks from the NoMa Metro and moments from the Union Market District.

    Overview

    This is a rare opportunity to own a fully reconstructed, boutique 2-unit building in one of DC's most dynamic neighborhoods. The 4-level duplex residence, complete with a private roof deck, includes three tax IDs. Rebuilt in 2019 with all new systems including HVAC, electrical, and plumbing, this turnkey property offers both immediate flexibility and long-term value. Both units are delivered fully vacant, presenting the ideal scenario for an investor or owner-occupant seeking to live in one residence while generating income from the other, or to maximize returns with two premium rental units. Each unit showcases modern luxury finishes and thoughtful design, featuring open-concept layouts, engineered oak hardwood flooring, quartz countertops with expansive Kitchen islands, stainless steel appliances with gas cooking and luxury touches like pot fillers & wine storage. The spa-inspired marble bathrooms with custom tile and matte black hardware continue the upscale theme. In-unit full-sized washer and dryers, tankless water heaters, fresh paint \/ designer wallpaper, and an installed reverse osmosis water filtration system complete each residence. Unit 2 (995 sf) spans the upper two levels and is flooded with natural light, offering 2 bedrooms and 2.5 bathrooms. A private balcony extends from the second bedroom, while a stunning rooftop deck crowns the home with panoramic 360-degree city views. Unit 1 (1,044 sf) occupies the main and lower levels, also featuring 2 bedrooms and 2.5 bathrooms. Each bedroom provides direct access to outdoor space, with private patios and seamless connectivity to the secure parking area via a spiral staircase with rear egress. The separately deeded parking space includes a roll-down garage door and electric car charging capability. Positioned just two blocks from the NoMa Metro and moments from the vibrant Union Market District, enjoy immediate access to some of DC's most sought-after dining destinations. The property size is 2,039 square feet and the lot size is 0.0238 acres.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.00151
    Latitude
    38.90543

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    FAQs

    What type of property is this?
    Duplex - Boutique 2-unit building in dynamic NoMa neighborhood.
    Where is this duplex located?
    The property is located at 1168 ABBEY Place NE Washington, DC.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Boutique 2‑unit building in the heart of NoMa, offering flexibility for owner‑occupancy or maximizing returns.; Fully reconstructed in 2019 with all new systems and modern luxury finishes.; Includes a separately deeded, secure parking space with electric Level 1 charger.
    (202) 316-5575
    We can help!
    Listing Contact
    Jordan D Stuart
    Real Estate License ID: SP600402
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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