Brick Multifamily
For Sale
$375,000
1359 MORRIS Rd SE, Washington, DC 20020
Federal-style brick townhouse with on-street parking.
Property Size1,782 SF
Lot Size0.05 Acres
Price / SF$210.44
Days on Market28
Property Features for 1359 MORRIS Rd SE
General Information
Standard status
Active
Size
1,782 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$25,692
Building Details
Building Size
1,782 SF
Year Built
1953
Units
3
Construction
Federal-style brick
Listed By:
Christine Chatmon
(301) 651-3942
Source:
Elliman
Added: Sep 18
Changed: Oct 2
Last Checked: Oct 15 at 12:57AM
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 Christine Chatmon
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Investment Insights
Based on property information with market context.
This Federal-style brick townhouse contains 1,782 finished square feet on a 0.05-acre lot. Built in 1953, the property offers a compact multifamily configuration with an interior layout that can be adapted for residential use. On-street parking is available.
The property is located at 1359 Morris Rd SE in Washington, DC. Transportation scores include a walk score of 39, a bike score of 32, and a transit score of 68. The address is classified as Car-Dependent for walking, Somewhat Bikeable for cycling, and Good Transit for public transportation access.
The property is located at 1359 Morris Rd SE in Washington, DC. Transportation scores include a walk score of 39, a bike score of 32, and a transit score of 68. The address is classified as Car-Dependent for walking, Somewhat Bikeable for cycling, and Good Transit for public transportation access.
Key Highlights
- 1,782 finished square feet
- 0.05‑acre lot
- Federal‑style brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,132
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,640
$562.6K
Cap Rate 7%
$401,886
$401.9K
Cap Rate 9%
$312,578
$312.6K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$54.5K $30.60/SF
− Vacancy
−$3.4K −$1.90/SF
EGI
$51.1K $28.70/SF
− OpEx
−$23.0K −$12.92/SF
NOI
$28.1K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,640
Cap Rate 7%
$401,886
Cap Rate 9%
$312,578
Alternative Uses
Best Use
Apartment 5plus
$401.9K
$351.7K – $468.9K
NOI $28,132 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,403 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Federal-style brick townhouse with on-street parking.
Where is this multifamily property located?
The property is located at 1359 MORRIS Rd SE Washington, DC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,782 finished square feet; 0.05‑acre lot; Federal‑style brick construction
