Trinidad Duplex with Parking,
For Sale
$498,999
1280 16TH Street NE, Washington, DC 20002
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size1,184 SF
Lot Size0.03 Acres
Price / SF$421.45
Days on Market371
Property Features for 1280 16TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Off Street
Subdivision
TRINIDAD
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
1,184 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
4724
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1951
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(202) 608-1880
Listed By:
Peter D Grimm · License #SP98366089
(202) 270-6368
Added: Aug 8, 2025
Changed: Jul 13
Last Checked: Aug 13 at 5:06AM
MLS# DCDC2214136
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.
Located in the Trinidad neighborhood, this two-unit property offers space to grow, income to offset, and zoning that gives options. Set on a deep lot with rear access, the property supports off-street parking for 2-4 vehicles. The lot depth allows for a rear expansion while retaining two-car parking, subject to zoning and permitting. Both units are separately metered for gas and electric. The upper unit is tenant-occupied at market rent and features a renovated 1BR/1BA with an updated kitchen and bath. The lower unit is fully gutted and ready for renovation. This property can be used in multiple ways: live upstairs and renovate below, hold as a long-term income asset, rebuild and reconfigure for stronger returns, or expand thoughtfully within RF-1 guidelines. Located moments from Union Market, Ivy City, H Street, Capitol Hill, and the U.S. National Arboretum. The property is approximately 1184 square feet and sits on a 0.0335-acre lot. The property is being sold as-is.
Key Highlights
- Deep‑lot Trinidad duplex on an RF‑1 lot with rear access, offering off‑street parking for 2–4 vehicles
- Brick duplex built in 1951 with Federal architectural style
- Upper unit is renovated (1BR/1BA) with updated kitchen and bath; tenant‑occupied at market rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,557
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,140
$451.1K
Cap Rate 7%
$322,243
$322.2K
Cap Rate 9%
$250,633
$250.6K
Market Conditions
NOI Build-Up for 1,184 SF
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.
Gross rent
$34.1K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.2K $27.22/SF
− OpEx
−$9.7K −$8.16/SF
NOI
$22.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,140
Cap Rate 7%
$322,243
Cap Rate 9%
$250,633
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$282.0K – $376.0K
NOI $22,557 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$288.0K
$252.0K – $336.0K
NOI $20,157 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,452
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Classic two-unit property with space to grow and income.
Where is this duplex located?
The property is located at 1280 16TH Street NE Washington, DC.
What is the asking price?
The asking price for this property is $498,999.
What are key features of this property?
This property features: Deep‑lot Trinidad duplex on an RF‑1 lot with rear access, offering off‑street parking for 2–4 vehicles; Brick duplex built in 1951 with Federal architectural style; Upper unit is renovated (1BR/1BA) with updated kitchen and bath; tenant‑occupied at market rent
