Two-Unit Duplex Near
For Sale
$289,000
4914 4914-4916 Just St NE, Washington, DC 20019
Two separately configured residences offer rental income potential or an owner-occupant setup in Washington, DC.
Property Size1,420 SF
Price / SF$203.52
Days on Market11
Property Features for 4914 4914-4916 Just St NE
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1941
Listing Agency:
Clark Premier Realty Group
(240) 257-6717
Listed By:
Brittany Clark
Source:
Hargreaveshomesales
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 25 at 7:06AM
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 Clark Premier Realty Group
Investment Insights
Based on property information with market context.
Located at 4914-4916 Just St NE in Washington, DC, this 1,420-square-foot duplex contains two individual residences, each arranged with one bedroom and one bathroom. Built in 1941, the property is offered in AS-IS condition and provides a straightforward two-unit configuration for residential income use or an owner-occupant arrangement.
The property sits less than a mile from Metro and bus lines, with access to Capitol Hill and Downtown DC. Its location and unit layout support flexible occupancy planning, including renting both residences or combining personal occupancy with rental use.
The property sits less than a mile from Metro and bus lines, with access to Capitol Hill and Downtown DC. Its location and unit layout support flexible occupancy planning, including renting both residences or combining personal occupancy with rental use.
Key Highlights
- Two‑unit duplex with 1,420 square feet
- Two 1‑bedroom, 1‑bathroom units
- Built in 1941
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
$24,491
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
8.47%
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%
$489,820
$489.8K
Cap Rate 7%
$349,871
$349.9K
Cap Rate 9%
$272,122
$272.1K
Market Conditions
NOI Build-Up for 1,420 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
$47.4K $33.36/SF
− Vacancy
−$2.8K −$2.00/SF
EGI
$44.5K $31.36/SF
− OpEx
−$20.0K −$14.11/SF
NOI
$24.5K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /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%
$489,820
Cap Rate 7%
$349,871
Cap Rate 9%
$272,122
Alternative Uses
Best Use
Multifamily LT 5
$391.6K
$342.7K – $456.9K
NOI $27,412 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$349.9K
$306.1K – $408.2K
NOI $24,491 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$763.1K
$667.7K – $890.3K
NOI $53,416 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer rental income potential or an owner-occupant setup in Washington, DC.
Where is this duplex located?
The property is located at 4914 4914-4916 Just St NE Washington, DC.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,420 square feet; Two 1‑bedroom, 1‑bathroom units; Built in 1941
