Duplex with Garage and Second
For Sale
$1,200,000
Pending
1526 POTOMAC Ave SE, Washington, DC 20003
Two separately equipped living spaces include dedicated utilities, laundry, HVAC, and water heaters.
Property Size2,120 SF
Days on Market26
Property Features for 1526 POTOMAC Ave SE
General Information
Standard status
Pending
Size
2,120 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,375
Building Details
Building Size
2,120 SF
Year Built
1922
Units
2
Listing Agency:
Redfin Corporation
Listed By:
Chelsea Lanise Traylor · License #SP98362569
(703) 989-4903
Source:
Elliman
Added: Sep 20
Changed: Oct 12
Last Checked: Oct 14 at 11:19PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
Built in 1922, this duplex pairs a three-bedroom upper residence with a separate one-bedroom, one-bath lower apartment that has a Certificate of Occupancy. The upper level includes two full bathrooms, a half bath, hardwood flooring, a fireplace, wet bar, dining room, storage, and a kitchen opening to a private deck. The lower unit has its own entrance, kitchen, and living area.
Each residence is equipped with its own washer and dryer, HVAC system, and water heaters, with separately metered electric service. A one-car garage, driveway parking for two additional vehicles, and fenced front, side, and rear yards add practical utility. The property is located at 1526 Potomac Ave SE in Capitol Hill East, two blocks from Potomac Ave Metro and near Eastern Market, Barracks Row, Navy Yard, Nationals Park, parks, restaurants, shops, and the Anacostia Riverwalk Trail.
Each residence is equipped with its own washer and dryer, HVAC system, and water heaters, with separately metered electric service. A one-car garage, driveway parking for two additional vehicles, and fenced front, side, and rear yards add practical utility. The property is located at 1526 Potomac Ave SE in Capitol Hill East, two blocks from Potomac Ave Metro and near Eastern Market, Barracks Row, Navy Yard, Nationals Park, parks, restaurants, shops, and the Anacostia Riverwalk Trail.
Key Highlights
- Three‑bedroom upper residence plus separate one‑bedroom lower apartment with Certificate of Occupancy
- One‑car garage and driveway parking for 2 additional cars
- Separate HVAC, laundry, water heaters, and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,984
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,680
$759.7K
Cap Rate 7%
$542,629
$542.6K
Cap Rate 9%
$422,044
$422.0K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$57.2K $27.00/SF
− Vacancy
−$3.0K −$1.40/SF
EGI
$54.3K $25.60/SF
− OpEx
−$16.3K −$7.68/SF
NOI
$38.0K $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%
$759,680
Cap Rate 7%
$542,629
Cap Rate 9%
$422,044
Alternative Uses
Best Use
Multifamily LT 5
$542.6K
$474.8K – $633.1K
NOI $37,984 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$503.2K
$440.3K – $587.1K
NOI $35,225 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.09M
$954.2K – $1.27M
NOI $76,332 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately equipped living spaces include dedicated utilities, laundry, HVAC, and water heaters.
Where is this duplex located?
The property is located at 1526 POTOMAC Ave SE Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑bedroom upper residence plus separate one‑bedroom lower apartment with Certificate of Occupancy; One‑car garage and driveway parking for 2 additional cars; Separate HVAC, laundry, water heaters, and electric meters for each unit
