Renovated Duplex with Rooftop
For Sale
$1,349,900
1308 SHEPHERD STREET NW, Washington, DC 20011
Two-level legal duplex with separate entrances, two kitchens, and updated interiors suited to flexible occupancy.
Property Size2,732 SF
Price / SF$494.11
Days on Market21
Property Features for 1308 SHEPHERD STREET NW
General Information
Standard status
Active
Size
2,732 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,707
Amenities
covered front porch
rooftop deck
fenced rear outdoor space
built-in ceiling speakers
Building Details
Building Size
2,732 SF
Year Built
1911
Year Renovated
2013
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Michael Aubrey · License #SP98363210
(301) 873-9807
Source:
Kerishull
Added: Sep 16
Changed: Oct 3
Last Checked: Oct 6 at 12:06AM
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 Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This legal two-unit duplex at 1308 Shepherd Street NW offers a renovated configuration across two levels, with separate front and rear entrances and a Certificate of Occupancy. Unit A is a three-bedroom residence with oak floors, exposed brick, a slate fireplace, crown molding, built-in ceiling speakers, a finished kitchen with Thermador and Bosch appliances, a wet bar, bedroom-level laundry, and a primary suite with an en suite bath. A private 240-square-foot rooftop deck extends the living space outdoors.
Unit B provides a one-bedroom layout with Italian porcelain tile, wainscoting, recessed lighting, a blue slate fireplace, a finished kitchen with matching Thermador and Bosch appliances, an en suite bath, powder room, and full-size laundry. The property was renovated throughout in 2013 and was built in 1911. Its two-unit legal configuration supports multigenerational living, guest accommodations, or rental use. The property is located in Washington, DC’s Columbia Heights area.
Unit B provides a one-bedroom layout with Italian porcelain tile, wainscoting, recessed lighting, a blue slate fireplace, a finished kitchen with matching Thermador and Bosch appliances, an en suite bath, powder room, and full-size laundry. The property was renovated throughout in 2013 and was built in 1911. Its two-unit legal configuration supports multigenerational living, guest accommodations, or rental use. The property is located in Washington, DC’s Columbia Heights area.
Key Highlights
- Legal two‑unit property with Certificate of Occupancy
- 2,732 square feet across two levels
- Renovated throughout in 2013; originally built in 1911
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,950
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,000
$979.0K
Cap Rate 7%
$699,286
$699.3K
Cap Rate 9%
$543,889
$543.9K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$73.8K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$69.9K $25.60/SF
− OpEx
−$21.0K −$7.68/SF
NOI
$48.9K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,000
Cap Rate 7%
$699,286
Cap Rate 9%
$543,889
Alternative Uses
Best Use
Multifamily LT 5
$699.3K
$611.9K – $815.8K
NOI $48,950 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$621.2K
$543.5K – $724.7K
NOI $43,483 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,738 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-level legal duplex with separate entrances, two kitchens, and updated interiors suited to flexible occupancy.
Where is this duplex located?
The property is located at 1308 SHEPHERD STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: Legal two‑unit property with Certificate of Occupancy; 2,732 square feet across two levels; Renovated throughout in 2013; originally built in 1911
