Updated Duplex with
For Sale
$770,000
1405 Howard Road Southeast, Washington, DC 20020
Two refreshed units offer in-unit laundry space and off-street garage parking.
Property Size2,203 SF
Lot Size0.05 Acres
Price / SF$349.52
Days on Market198
Property Features for 1405 Howard Road Southeast
General Information
Standard status
Active
Size
2,203 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Multi-Family / Fee Simple
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 5BR/3BA, 1 x 4BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,493
Amenities
in-unit washer and dryer
No
No Pool
Building Details
Year Built
2002
Buildings
1
Stories
4
Listing Agency:
Samson Properties
(443) 301-4972
Listed By:
Ronni D Cannady · License #670005
(443) 301-4972
Source:
Compass
Added: Feb 12
Changed: Aug 29
Last Checked: Aug 29 at 2:33PM
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 Samson Properties
Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains approximately 2,203 square feet on a 2,165 square foot lot. The upper residence spans two levels with 5 bedrooms and 3 baths, while the lower residence occupies two levels with 4 bedrooms and 2.5 baths. Both apartments have been updated and include designated space for a washer and dryer. A one-car garage adds off-street parking.
The property is in Southeast DC near I-295, Suitland Parkway, and Pennsylvania Avenue SE. Metrobus service and nearby Metro stations provide access throughout the District, Maryland, and Virginia. The surrounding area includes restaurants, retail, parks, community amenities, government offices, major employers, and entertainment destinations.
The property is in Southeast DC near I-295, Suitland Parkway, and Pennsylvania Avenue SE. Metrobus service and nearby Metro stations provide access throughout the District, Maryland, and Virginia. The surrounding area includes restaurants, retail, parks, community amenities, government offices, major employers, and entertainment destinations.
Key Highlights
- Two‑unit duplex with approximately 2,203 square feet of living space
- 5‑bedroom, 3‑bath upper unit across two levels
- 4‑bedroom, 2.5‑bath lower unit across two levels
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
$38,930
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
5.06%
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%
$778,600
$778.6K
Cap Rate 7%
$556,143
$556.1K
Cap Rate 9%
$432,556
$432.6K
Market Conditions
NOI Build-Up for 2,203 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
$59.5K $27.00/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$55.6K $25.25/SF
− OpEx
−$16.7K −$7.57/SF
NOI
$38.9K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$778,600
Cap Rate 7%
$556,143
Cap Rate 9%
$432,556
Alternative Uses
Best Use
Multifamily LT 5
$556.1K
$486.6K – $648.8K
NOI $38,930 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$496.8K
$434.7K – $579.6K
NOI $34,778 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.14M
$995.2K – $1.33M
NOI $79,619 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,076
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
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 refreshed units offer in-unit laundry space and off-street garage parking.
Where is this duplex located?
The property is located at 1405 Howard Road Southeast Washington, DC.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,203 square feet of living space; 5‑bedroom, 3‑bath upper unit across two levels; 4‑bedroom, 2.5‑bath lower unit across two levels
