Historic Triplex with Separate
1317 Corcoran Street Northwest Washington, DC 20009
For Sale
$2,200,000
Pending
Built in 1890 and converted to three separately metered units, including a two-level primary unit with fireplace and bay windows.
Property Size2,956 SF
Days on Market140
Property Features for 1317 Corcoran Street Northwest
General Information
Standard status
Pending
Size
2,956 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1890
Listing Agency:
Compass
(202) 718-6381
Listed By:
Sean McDonald · License #SP200200719
(202) 718-6381
Source:
Compass
Added: Mar 13
Changed: Jul 23
Last Checked: Jul 29 at 12:00PM
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 1890 and converted in 1978, this three-unit triplex includes a two-level primary unit with two bedrooms and two bathrooms, high ceilings, a wood-burning fireplace, and floor-to-ceiling bay windows. The property also features two additional one-bedroom units, each separately metered. Recent exterior updates include repointing of the original brick exterior in 2009 and mahogany thermo-pane front windows installed in 2010.
Located at 1317 Corcoran St NW, the home sits on a tree-lined one-way street with brick sidewalks. The area offers close proximity to Le Diplomate and Call Your Mother Deli, with easy access to Whole Foods and Amazon Fresh, as well as nearby retail and dining options. Transit connections include U Street/Colorado (yellow/green) and Dupont Circle, McPherson Square Metro stations, along with numerous bus stops.
The property provides over 3,000 square feet of living space and includes a large rear yard. It is being offered for sale with participation in a 1031 tax exchange.
Located at 1317 Corcoran St NW, the home sits on a tree-lined one-way street with brick sidewalks. The area offers close proximity to Le Diplomate and Call Your Mother Deli, with easy access to Whole Foods and Amazon Fresh, as well as nearby retail and dining options. Transit connections include U Street/Colorado (yellow/green) and Dupont Circle, McPherson Square Metro stations, along with numerous bus stops.
The property provides over 3,000 square feet of living space and includes a large rear yard. It is being offered for sale with participation in a 1031 tax exchange.
Key Highlights
- Circa 1890 Victorian row home converted in 1978 to 3 separately metered units
- Primary unit spans 2 levels with 2BR/2BA, high ceilings, wood‑burning fireplace, and floor‑to‑ceiling bay windows
- Two additional 1BR units are separately metered
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 | $97.5k | $33.00 |
| − Vacancy | −$5.4k | −$1.82 |
| EGI | $92.2k | $31.19 |
| − OpEx | −$27.7k | −$9.36 |
| NOI | $64.5k | $21.83 |
2,956 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$921.8K
$806.6K – $1.08M
NOI $64,528 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$821.8K
$719.0K – $958.7K
NOI $57,523 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,433 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1890 and converted to three separately metered units, including a two-level primary unit with fireplace and bay windows.
Where is this triplex located?
The property is located at 1317 Corcoran Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Circa 1890 Victorian row home converted in 1978 to 3 separately metered units; Primary unit spans 2 levels with 2BR/2BA, high ceilings, wood‑burning fireplace, and floor‑to‑ceiling bay windows; Two additional 1BR units are separately metered
