Renovated Two-Unit
New
For Sale
$925,000
1324 BUCHANAN St NW, Washington, DC 20011
A private exterior entrance gives the lower-level one-bedroom apartment independent access from the larger upper residence.
Property Size2,104 SF
Price / SF$439.64
Days on Market3
Property Features for 1324 BUCHANAN St NW
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,551
Building Details
Building Size
2,104 SF
Year Built
1923
Buildings
1
Units
2
Listed By:
Adam M Isaacson
(301) 775-0900
Source:
Elliman
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 10:30PM
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 Adam M Isaacson
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Investment Insights
Based on property information with market context.
This renovated duplex contains two separately accessed residences totaling approximately 2,104 finished square feet. The main and upper levels provide 1,560 square feet with three bedrooms and 2.5 bathrooms. A one-bedroom apartment occupies the lower level and has its own exterior entrance. Kitchens and bathrooms have been renovated, and both units are vacant.
Built in 1923, the property is at 1324 Buchanan St NW in Washington, DC. Its Walk Score is 84, Bike Score is 80, and Transit Score is 68. Tenants pay utilities other than water; there is no trash fee.
Built in 1923, the property is at 1324 Buchanan St NW in Washington, DC. Its Walk Score is 84, Bike Score is 80, and Transit Score is 68. Tenants pay utilities other than water; there is no trash fee.
Key Highlights
- Two residences with approximately 2,104 finished square feet combined
- Main unit: 1,560 sf, 3 bedrooms, and 2.5 bathrooms
- Lower‑level apartment has 1 bedroom and a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,698
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,960
$754.0K
Cap Rate 7%
$538,543
$538.5K
Cap Rate 9%
$418,867
$418.9K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$56.8K $27.00/SF
− Vacancy
−$3.0K −$1.40/SF
EGI
$53.9K $25.60/SF
− OpEx
−$16.2K −$7.68/SF
NOI
$37.7K $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%
$753,960
Cap Rate 7%
$538,543
Cap Rate 9%
$418,867
Alternative Uses
Best Use
Multifamily LT 5
$538.5K
$471.2K – $628.3K
NOI $37,698 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,507
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A private exterior entrance gives the lower-level one-bedroom apartment independent access from the larger upper residence.
Where is this duplex located?
The property is located at 1324 BUCHANAN St NW Washington, DC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two residences with approximately 2,104 finished square feet combined; Main unit: 1,560 sf, 3 bedrooms, and 2.5 bathrooms; Lower‑level apartment has 1 bedroom and a separate exterior entrance
