Victorian Multi-Family
1332 N CAPITOL Street NW Washington, DC 20002
For Sale
$999,900
MULTI_FAMILY - Victorian - WASHINGTON, DC
Property Size3,306 SF
Lot Size0.04 Acres
Price / SF$302.45
Days on Market146
Property Features for 1332 N CAPITOL Street NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Off Street
Standard status
Active
Size
3,306 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8103
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Number of units
2
Building materials
Brick
Architectural style
Victorian
Listing Agency:
RE/MAX Realty Services
(240) 403-0400
Listed By:
Ellerson Spurlock IV · License #SP98363031
(240) 286-1678
Added: Mar 4
Changed: Jun 22
Last Checked: Jul 28 at 3:06AM
MLS# DCDC2248734
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 Victorian-style multi-family property offers a flexible live-and-rent layout, with two residential units configured for income and owner-occupant use. The building totals approximately 3,306 square feet and sits on a lot of about 0.04 acres. The MU-4 zoning supports multiple types of use, including residential and office or retail-style applications, depending on approvals.
Located at 1332 N CAPITOL Street NW in Washington, DC 20002, the property is positioned in a dense urban setting. The offering is presented as a major development opportunity, with a motivated seller and creative deal structures being considered.
For tenants, buyers, and investors, the practical appeal here is the combination of an income-producing residential setup and MU-4 zoning flexibility that may accommodate a range of future operating concepts. Whether you prefer occupying part of the building while generating rent from the remainder, or underwriting a conversion strategy within the MU-4 framework, this property is best evaluated by those seeking a mixed-use capable site with development upside rather than a turnkey passive holding.
Located at 1332 N CAPITOL Street NW in Washington, DC 20002, the property is positioned in a dense urban setting. The offering is presented as a major development opportunity, with a motivated seller and creative deal structures being considered.
For tenants, buyers, and investors, the practical appeal here is the combination of an income-producing residential setup and MU-4 zoning flexibility that may accommodate a range of future operating concepts. Whether you prefer occupying part of the building while generating rent from the remainder, or underwriting a conversion strategy within the MU-4 framework, this property is best evaluated by those seeking a mixed-use capable site with development upside rather than a turnkey passive holding.
Key Highlights
- MU‑4 zoning with flexibility for office/retail, single‑family housing, or multi‑family use
- Projected rent roll of $4,500 per unit (3 bedrooms) is referenced in the listing remarks
- Victorian architectural style with brick construction
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 | $95.2k | $28.80 |
| − Vacancy | −$5.2k | −$1.58 |
| EGI | $90.0k | $27.22 |
| − OpEx | −$27.0k | −$8.16 |
| NOI | $63.0k | $19.05 |
3,306 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$899.8K
$787.3K – $1.05M
NOI $62,983 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$804.1K
$703.6K – $938.1K
NOI $56,284 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,483 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - MU-4 zoned Victorian-style income property offering flexible owner-occupant and rental configurations.
Where is this duplex located?
The property is located at 1332 N CAPITOL Street NW Washington, DC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: MU‑4 zoning with flexibility for office/retail, single‑family housing, or multi‑family use; Projected rent roll of $4,500 per unit (3 bedrooms) is referenced in the listing remarks; Victorian architectural style with brick construction
