Mixed-Use Residential Income
For Sale
$999,900
1332 NORTH CAPITOL ST NW, Washington, DC 20002
MU-4 zoned residential income property for sale in Washington, DC, offering flexible live-or-lease possibilities.
Property Size3,306 SF
Price / SF$302.45
Days on Market75
Property Features for 1332 NORTH CAPITOL ST NW
General Information
Standard status
Active
Size
3,306 SF
Property subtype
Multi-family
Listing Agency:
RE/MAX Realty Services
(240) 403-0400
Listed By:
Ellerson Spurlock IV
(240) 286-1678
Source:
Careyrealtygroup
Added: Jul 1
Changed: Sep 10
Last Checked: Sep 13 at 12:18PM
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 RE/MAX Realty Services
Investment Insights
Based on property information with market context.
This for-sale residential income property is presented as a major development opportunity and is MU-4 zoned, supporting flexible use potential. The public remarks also market the option to occupy the building as a single-family-style residence or to live in one unit while renting additional space.
The property is located at 1332 North Capitol Street NW in Washington, DC (20002). The seller is described as motivated, and creative offers are noted as being strongly considered.
Seller financing is also mentioned in the remarks. Additional details such as the number of units, current layout, and building condition are not provided in the information available, so interested parties should confirm specifics during due diligence.
The property is located at 1332 North Capitol Street NW in Washington, DC (20002). The seller is described as motivated, and creative offers are noted as being strongly considered.
Seller financing is also mentioned in the remarks. Additional details such as the number of units, current layout, and building condition are not provided in the information available, so interested parties should confirm specifics during due diligence.
Key Highlights
- MU‑4 zoned income property in Washington, DC with flexible live‑or‑lease potential (office/retail, SFH, or multi).
- Two units with 3 bedrooms each, offering washer and dryer in unit and natural gas tankless hot water.
- Central air and natural gas heating; each unit includes in‑unit laundry (washer in unit, dryer in unit).
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
$56,284
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
5.63%
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%
$1,125,680
$1.1M
Cap Rate 7%
$804,057
$804.1K
Cap Rate 9%
$625,378
$625.4K
Market Conditions
NOI Build-Up for 3,306 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
$109.1K $33.00/SF
− Vacancy
−$6.8K −$2.05/SF
EGI
$102.3K $30.95/SF
− OpEx
−$46.1K −$13.93/SF
NOI
$56.3K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,125,680
Cap Rate 7%
$804,057
Cap Rate 9%
$625,378
Alternative Uses
Best Use
Apartment 5plus
$804.1K
$703.6K – $938.1K
NOI $56,284 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,455
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
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Frequently Asked Questions
What type of property is this?
Residential income property - MU-4 zoned residential income property for sale in Washington, DC, offering flexible live-or-lease possibilities.
Where is this residential income property located?
The property is located at 1332 NORTH CAPITOL ST 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 zoned income property in Washington, DC with flexible live‑or‑lease potential (office/retail, SFH, or multi).; Two units with 3 bedrooms each, offering washer and dryer in unit and natural gas tankless hot water.; Central air and natural gas heating; each unit includes in‑unit laundry (washer in unit, dryer in unit).
