Renovated Brick
For Sale
$745,000
3511 Martin Luther King Jr Avenue SE, Washington, DC 20032
Detached two-unit property with independent living spaces, updated systems, and a fenced outdoor area on Martin Luther King Jr Avenue SE.
Property Size2,464 SF
Lot Size0.15 Acres
Price / SF$302.35
Days on Market15
Property Features for 3511 Martin Luther King Jr Avenue SE
General Information
Standard status
Active
Size
2,464 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Furnished
No
Sprinkler System
Yes
Multifamily Units
2
Amenities
front porch
large front deck
enclosed rear bonus porches
private backyard
Building Details
Year Built
1932
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Allegiance
Listed By:
Ressie Wallace Wilson · License #59787
(202) 359-9641
Source:
Suresalesgroup
Added: Sep 22
Changed: Sep 26
Last Checked: Oct 5 at 3:45PM
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 Allegiance
Investment Insights
Based on property information with market context.
This detached duplex at 3511 Martin Luther King Jr Avenue SE contains two independent units within a four-sided brick structure built in 1932. The 2,464-square-foot property has been comprehensively renovated with hardwood flooring, updated bathrooms, quartz countertops, LG appliances, new windows, roofing, plumbing, and electrical wiring. Structural work includes new floor joists, trusses, and beams, while double drywall with soundproofing separates the units. Additional improvements include fireproofing between floors, a sprinkler system, tankless water heating, and a Goodman gas furnace and condenser. A Certificate of Occupancy and permitted improvements are in place.
The nearly 6,700-square-foot level lot is fully fenced and includes front and rear porch areas, with private exterior entrances from the enclosed rear porches into each living room. The property is near Congress Heights Metro, JBAB, I-295, I-95, National Harbor, dining, shopping, entertainment, and major employment centers.
The nearly 6,700-square-foot level lot is fully fenced and includes front and rear porch areas, with private exterior entrances from the enclosed rear porches into each living room. The property is near Congress Heights Metro, JBAB, I-295, I-95, National Harbor, dining, shopping, entertainment, and major employment centers.
Key Highlights
- Two independent units in a detached four‑sided brick duplex
- 2,464‑square‑foot property on a nearly 6,700‑square‑foot level lot
- Renovated with new windows, roof, plumbing, electrical wiring, and structural components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,148
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,960
$883.0K
Cap Rate 7%
$630,686
$630.7K
Cap Rate 9%
$490,533
$490.5K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$66.5K $27.00/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$63.1K $25.60/SF
− OpEx
−$18.9K −$7.68/SF
NOI
$44.1K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,960
Cap Rate 7%
$630,686
Cap Rate 9%
$490,533
Alternative Uses
Best Use
Multifamily LT 5
$630.7K
$551.9K – $735.8K
NOI $44,148 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$584.9K
$511.8K – $682.4K
NOI $40,941 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,718 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-unit property with independent living spaces, updated systems, and a fenced outdoor area on Martin Luther King Jr Avenue SE.
Where is this duplex located?
The property is located at 3511 Martin Luther King Jr Avenue SE Washington, DC.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Two independent units in a detached four‑sided brick duplex; 2,464‑square‑foot property on a nearly 6,700‑square‑foot level lot; Renovated with new windows, roof, plumbing, electrical wiring, and structural components
