Two-Unit Duplex with Basement
For Sale
Under Contract
$529,900
1547 3RD Street NW, Washington, DC 20001
MULTI_FAMILY - WASHINGTON, DC
Property Size1,790 SF
Lot Size0.03 Acres
Price / SF$296.03
Days on Market81
Property Features for 1547 3RD Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Alley, Off Street
Subdivision
DOWNTOWN
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
1,790 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5756
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1906
Number of units
2
Building materials
Brick
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
Michael A Hines · License #SP98365254
(202) 379-5868
Added: May 11
Changed: Jul 20
Last Checked: Jul 30 at 7:06PM
MLS# DCDC2259796
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a unique duplex featuring two separate two-bedroom units. Both units have access to a basement laundry setup, with two separate laundry facilities located in the basement. The duplex is currently separately metered, which can support independent use by each unit. The property is being sold as-is.
Located at 1547 3RD Street NW in Washington, DC 20001, this is a compact lot with an overall building size of 1,790 square feet. The seller has positioned it as a rare development opportunity, with an option for owner-occupancy and rental income through one unit versus the other.
For buyers seeking a manageable residential income setup, the layout supports a live-in arrangement while renting the second unit. The separate metering can also help simplify utility responsibility between occupants. As an as-is sale, it is best suited to buyers and investors comfortable reviewing the property condition and planning for any needed improvements.
Located at 1547 3RD Street NW in Washington, DC 20001, this is a compact lot with an overall building size of 1,790 square feet. The seller has positioned it as a rare development opportunity, with an option for owner-occupancy and rental income through one unit versus the other.
For buyers seeking a manageable residential income setup, the layout supports a live-in arrangement while renting the second unit. The separate metering can also help simplify utility responsibility between occupants. As an as-is sale, it is best suited to buyers and investors comfortable reviewing the property condition and planning for any needed improvements.
Key Highlights
- Brick duplex built in 1906 with two 2‑bedroom units
- Two separate laundry facilities in the basement
- Each unit is separately metered
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $27.00 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $45.8k | $25.60 |
| − OpEx | −$13.7k | −$7.68 |
| NOI | $32.1k | $17.92 |
1,790 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.2K
$400.9K – $534.5K
NOI $32,072 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$424.9K
$371.8K – $495.7K
NOI $29,742 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$920.7K
$805.6K – $1.07M
NOI $64,450 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
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 - Duplex with two two-bedroom units and separate basement laundry facilities, offered as-is for sale.
Where is this duplex located?
The property is located at 1547 3RD Street NW Washington, DC.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Brick duplex built in 1906 with two 2‑bedroom units; Two separate laundry facilities in the basement; Each unit is separately metered
