Renovated Duplex With In-Unit
For Sale
$800,000
1247 MOUNT OLIVET Road NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,341 SF
Lot Size0.07 Acres
Price / SF$239.45
Days on Market54
Property Features for 1247 MOUNT OLIVET Road NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Washer, Dryer, Stove, Refrigerator, Dishwasher, Disposal, Microwave
Subdivision
TRINIDAD
Elementary school
WHEATLEY EDUCATION CAMPUS
Middle school
WHEATLEY EDUCATION CAMPUS
High school
DUNBAR SENIOR
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
3,341 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7734
Utilities
Heating system
Other (Heating)
Cooling system
Central Air
Amenities
in-unit laundry
Building Details
Year built
1943
Number of units
2
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Added: Aug 14
Changed: Sep 14
Last Checked: Oct 6 at 4:06AM
MLS# DCDC2276550
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 duplex contains two 2-bedroom, 2-bath residences, each with a modern kitchen, updated bathrooms, generous living space, natural light, and in-unit laundry. Separate HVAC systems serve the residences independently, while separate gas and electric meters support straightforward utility management. The unfinished basement adds storage space, and the roof was replaced approximately seven years ago. The property was built in 1943 and includes 3,341 square feet on a 0.0655-acre lot.
Both residences are currently vacant, allowing an owner to occupy one unit or lease both. The property is located in Washington, DC, near Union Market, Ivy City, the H Street Corridor, NoMa, Gallaudet University, Capitol Hill, and downtown Washington, DC, with access to Metro, commuter routes, restaurants, shopping, and entertainment.
Both residences are currently vacant, allowing an owner to occupy one unit or lease both. The property is located in Washington, DC, near Union Market, Ivy City, the H Street Corridor, NoMa, Gallaudet University, Capitol Hill, and downtown Washington, DC, with access to Metro, commuter routes, restaurants, shopping, and entertainment.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 2‑bath residences
- 3,341 square feet on a 0.0655‑acre lot
- Both units currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,650
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,000
$1.3M
Cap Rate 7%
$909,286
$909.3K
Cap Rate 9%
$707,222
$707.2K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$96.2K $28.80/SF
− Vacancy
−$5.3K −$1.58/SF
EGI
$90.9K $27.22/SF
− OpEx
−$27.3K −$8.16/SF
NOI
$63.7K $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%
$1,273,000
Cap Rate 7%
$909,286
Cap Rate 9%
$707,222
Alternative Uses
Best Use
Multifamily LT 5
$909.3K
$795.6K – $1.06M
NOI $63,650 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$812.6K
$711.0K – $948.0K
NOI $56,880 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,747 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,385
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with separate residences, independent HVAC, in-unit laundry, and unfinished basement storage.
Where is this duplex located?
The property is located at 1247 MOUNT OLIVET Road NE Washington, DC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 2‑bath residences; 3,341 square feet on a 0.0655‑acre lot; Both units currently vacant
