Three-Level Duplex with Two-Bedroom
For Sale
$1,295,000
1510 Columbia Rd NW, Washington, DC 20009
Built in 1910, the property offers a multi-level configuration near public transportation and neighborhood retail.
Property Size3,324 SF
Price / SF$389.59
Days on Market13
Property Features for 1510 Columbia Rd NW
General Information
Standard status
Active
Size
3,324 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Stories
3
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Henry S Purcell
Source:
Themelaninteam
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 13 at 12:33PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex at 1510 Columbia Road NW includes a three-level main residence along with a two-bedroom unit. The property contains 3,324 square feet and was built in 1910, providing a substantial existing structure for an owner or investor seeking a residential income asset.
The property is positioned in Columbia Heights with bus and metro stations described as being within a short walk. Local shops, dining, parks, and essential services are also nearby, placing everyday amenities and public transportation within the surrounding community.
The property is positioned in Columbia Heights with bus and metro stations described as being within a short walk. Local shops, dining, parks, and essential services are also nearby, placing everyday amenities and public transportation within the surrounding community.
Key Highlights
- 3,324‑square‑foot duplex at 1510 COLUMBIA ROAD NW
- Three‑level main residence with a two‑bedroom unit
- Built in 1910
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
$72,561
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
5.60%
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%
$1,451,220
$1.5M
Cap Rate 7%
$1,036,586
$1.0M
Cap Rate 9%
$806,233
$806.2K
Market Conditions
NOI Build-Up for 3,324 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
$109.7K $33.00/SF
− Vacancy
−$6.0K −$1.82/SF
EGI
$103.7K $31.19/SF
− OpEx
−$31.1K −$9.36/SF
NOI
$72.6K $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%
$1,451,220
Cap Rate 7%
$1,036,586
Cap Rate 9%
$806,233
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.0K – $1.21M
NOI $72,561 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$924.1K
$808.6K – $1.08M
NOI $64,684 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,683 @ 7.0% cap · market cap 9.24%
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
3,959
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Built in 1910, the property offers a multi-level configuration near public transportation and neighborhood retail.
Where is this duplex located?
The property is located at 1510 Columbia Rd NW Washington, DC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,324‑square‑foot duplex at 1510 COLUMBIA ROAD NW; Three‑level main residence with a two‑bedroom unit; Built in 1910
