Two-Unit Residential Income
1242 New Jersey Avenue NW Washington, DC 20001
For Sale
$1,575,000
Built in 2015, this modern two-unit property offers two duplex residences with private outdoor space.
Property Size2,781 SF
Price / SF$566.34
Days on Market99
Property Features for 1242 New Jersey Avenue NW
General Information
Standard status
Active
Size
2,781 SF
Property subtype
Multi-family
Building Details
Year Built
2015
Listing Agency:
Compass
Listed By:
Thomas H Bauer
Source:
Deepcreeklake
Added: Apr 23
Changed: Jul 10
Last Checked: Jul 15 at 7:06PM
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
Investment Insights
Based on property information with market context.
Built in 2015, this modern two-unit residential property offers two spacious duplex residences arranged over two levels each. The homes feature high-end finishes throughout and include chef’s kitchens with quartz countertops, Euro-style cabinetry, stainless steel appliances, and a wine fridge. Each main level also includes a powder room, with bright living and dining spaces designed for everyday comfort and entertaining. Unit 1 includes an upper-level primary suite with a spa-like bath featuring designer tile, a glass-enclosed shower, and a double vanity, along with a secondary bedroom and bath. Unit 2 is also duplex-style and includes a sunlit primary suite with a custom closet system, a bathroom with double vanities and a glass shower, plus a secondary bedroom with an additional bathroom that includes a soaking tub.
The property includes a private backyard with a terraced layout and a rooftop deck on the third level with Capitol views. A custom DC mural adds character to the roof deck. The listing notes that Unit 2 is vacant and move-in ready, while Unit 1 is rented through the summer. Street parking is described as typically ample in the neighborhood.
This is a practical fit for an owner-occupant seeking one ready-to-live unit and rental income from the other, or for an investor looking to own a modern two-unit setup with two occupied or in-position rental configurations, depending on Unit 2’s occupancy plan. The dual duplex layout, outdoor spaces, and contemporary interior finishes support a range of residential income strategies.
The property includes a private backyard with a terraced layout and a rooftop deck on the third level with Capitol views. A custom DC mural adds character to the roof deck. The listing notes that Unit 2 is vacant and move-in ready, while Unit 1 is rented through the summer. Street parking is described as typically ample in the neighborhood.
This is a practical fit for an owner-occupant seeking one ready-to-live unit and rental income from the other, or for an investor looking to own a modern two-unit setup with two occupied or in-position rental configurations, depending on Unit 2’s occupancy plan. The dual duplex layout, outdoor spaces, and contemporary interior finishes support a range of residential income strategies.
Key Highlights
- Built in 2015, modern two‑unit property with two spacious duplex residences
- Unit 2 is vacant and move‑in ready; Unit 1 is rented through the summer
- Each unit features a chef’s kitchen with quartz countertops, Euro cabinetry, stainless appliances, and a wine fridge
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 | $75.1k | $27.00 |
| − Vacancy | −$3.9k | −$1.40 |
| EGI | $71.2k | $25.60 |
| − OpEx | −$21.4k | −$7.68 |
| NOI | $49.8k | $17.92 |
2,781 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$711.8K
$622.9K – $830.5K
NOI $49,828 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$660.1K
$577.6K – $770.1K
NOI $46,208 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,132 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2015, this modern two-unit property offers two duplex residences with private outdoor space.
Where is this duplex located?
The property is located at 1242 New Jersey Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Built in 2015, modern two‑unit property with two spacious duplex residences; Unit 2 is vacant and move‑in ready; Unit 1 is rented through the summer; Each unit features a chef’s kitchen with quartz countertops, Euro cabinetry, stainless appliances, and a wine fridge
