Federal-Style Duplex with
For Sale
$1,579,000
1434 CORCORAN STREET NW, Washington, DC 20009
Two-unit rowhome combines a larger upper residence with a separately accessed apartment and outdoor areas.
Property Size2,520 SF
Price / SF$626.59
Days on Market16
Property Features for 1434 CORCORAN STREET NW
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$13,093
Building Details
Building Size
2,520 SF
Year Built
1800
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Justin Kitsch · License #SP98372061
(202) 486-9611
Source:
Kerishull
Added: Aug 29
Changed: Sep 9
Last Checked: Sep 13 at 11:39AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This Federal-style rowhome is arranged as a two-unit residence totaling 2,520 square feet, with 4 bedrooms and 3.5 bathrooms. The principal residence includes 3 bedrooms, 2.5 bathrooms, generously proportioned rooms, large windows, two fireplaces, a dining room, and a south-facing rear deck. A separate 1-bedroom, 1-bathroom apartment occupies the ground floor and includes in-unit laundry, an updated interior, and a private rear patio. The property also provides two off-street parking spaces.
Located at 1434 Corcoran Street NW in Washington, DC, the home sits just off the 14th Street corridor and near Logan Circle and Dupont Circle. Whole Foods and Trader Joe’s are identified among the nearby amenities, with dining, shopping, entertainment, and transportation access in the surrounding area. Built in 1800, the property combines a multi-unit layout with established residential character and outdoor space.
Located at 1434 Corcoran Street NW in Washington, DC, the home sits just off the 14th Street corridor and near Logan Circle and Dupont Circle. Whole Foods and Trader Joe’s are identified among the nearby amenities, with dining, shopping, entertainment, and transportation access in the surrounding area. Built in 1800, the property combines a multi-unit layout with established residential character and outdoor space.
Key Highlights
- Two‑unit configuration with 4BR and 3.5BA across 2,520 square feet
- Two off‑street parking spaces
- Main residence offers 3BR, 2.5BA, two fireplaces, large windows, and a rear deck
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
$55,010
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
3.48%
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%
$1,100,200
$1.1M
Cap Rate 7%
$785,857
$785.9K
Cap Rate 9%
$611,222
$611.2K
Market Conditions
NOI Build-Up for 2,520 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
$83.2K $33.00/SF
− Vacancy
−$4.6K −$1.82/SF
EGI
$78.6K $31.19/SF
− OpEx
−$23.6K −$9.36/SF
NOI
$55.0K $21.83/SF
Area
ZIP 20009
Vacancy
5.50%
Lease Rate
$33.00 /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%
$1,100,200
Cap Rate 7%
$785,857
Cap Rate 9%
$611,222
Alternative Uses
Best Use
Multifamily LT 5
$785.9K
$687.6K – $916.8K
NOI $55,010 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$700.6K
$613.0K – $817.3K
NOI $49,039 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,735 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
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 - Two-unit rowhome combines a larger upper residence with a separately accessed apartment and outdoor areas.
Where is this duplex located?
The property is located at 1434 CORCORAN STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,579,000.
What are key features of this property?
This property features: Two‑unit configuration with 4BR and 3.5BA across 2,520 square feet; Two off‑street parking spaces; Main residence offers 3BR, 2.5BA, two fireplaces, large windows, and a rear deck
