Renovated Two-Unit Residential
1334 28th Street Southeast Washington, DC 20020
For Sale
$600,000
Meticulously maintained two-unit building with renovated interiors, in-unit laundry, central air, and fenced rear yard.
Property Size1,760 SF
Price / SF$340.91
Days on Market55
Property Features for 1334 28th Street Southeast
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1939
Listing Agency:
Keller Williams Preferred Properties
(240) 342-6435
Listed By:
Angel S. Saules · License #600657
(240) 342-6435
Source:
Compass
Added: Jun 6
Changed: Jul 21
Last Checked: Jul 29 at 12:54PM
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 Keller Williams Preferred Properties
Investment Insights
Based on property information with market context.
This renovated two-unit residential income property offers move-in readiness with updated bathroom finishes and restored original hardwood flooring, along with recently serviced major systems including HVAC, hot water tanks, and roof work. Both units include full kitchens with stainless steel appliances and gas stove, washer/dryer, ceiling fans, central air, and radiator heat. Additional practical access includes rear entry, and the property also features a rear walk-up stairway to the basement.
The layout supports flexible living and rental options, with Unit 1 configured as a 2-bedroom with a living room plus dining/table space off the kitchen. Unit 2 offers a 3-bedroom arrangement at the front of the unit that can be used as a living room area. A fenced rear yard is included.
Additional exterior and maintenance items cited include brick and mortar work, retention wall, and fencing. Convenient transit and access are noted, including a bus stop within 1 mile and metro/subway station within 1 mile, along with airport access under 10 miles.
The layout supports flexible living and rental options, with Unit 1 configured as a 2-bedroom with a living room plus dining/table space off the kitchen. Unit 2 offers a 3-bedroom arrangement at the front of the unit that can be used as a living room area. A fenced rear yard is included.
Additional exterior and maintenance items cited include brick and mortar work, retention wall, and fencing. Convenient transit and access are noted, including a bus stop within 1 mile and metro/subway station within 1 mile, along with airport access under 10 miles.
Key Highlights
- 1939 two‑unit building with renovated, move‑in‑ready interiors
- Each unit features a full kitchen with stainless steel appliances and a gas stove, plus washer/dryer
- Central air and efficient radiator heat; ceiling fans and vinyl‑clad windows throughout
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 | $47.5k | $27.00 |
| − Vacancy | −$3.1k | −$1.76 |
| EGI | $44.4k | $25.25 |
| − OpEx | −$13.3k | −$7.57 |
| NOI | $31.1k | $17.67 |
1,760 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.3K
$388.8K – $518.4K
NOI $31,102 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$396.9K
$347.3K – $463.1K
NOI $27,784 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$908.7K
$795.1K – $1.06M
NOI $63,608 @ 7.0% cap · market cap 10.60%
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?
Duplex - Meticulously maintained two-unit building with renovated interiors, in-unit laundry, central air, and fenced rear yard.
Where is this duplex located?
The property is located at 1334 28th Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1939 two‑unit building with renovated, move‑in‑ready interiors; Each unit features a full kitchen with stainless steel appliances and a gas stove, plus washer/dryer; Central air and efficient radiator heat; ceiling fans and vinyl‑clad windows throughout
