Renovated Two-Unit
For Sale
$1,399,000
17 Rhode Island Ave NE, Washington, DC 20002
Fully leased duplex with updated interiors, private laundry, and two-level residential layouts.
Property Size3,097 SF
Price / SF$451.73
Days on Market50
Property Features for 17 Rhode Island Ave NE
General Information
Standard status
Active
Size
3,097 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Ft. Washington
Public Transit
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 4BR/2BA
Multifamily Units
2
Amenities
modern stainless-steel appliances
open concept living/kitchen
in-unit laundry
Building Details
Year Built
1909
Year Renovated
2023
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Diedra V Alexander · License #SP98375682
(301) 643-5194
Source:
Hargreaveshomesales
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 9:32AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1909 duplex contains two fully renovated 2-level units totaling 3,097 square feet. Each residence offers 4 bedrooms, an open living and kitchen arrangement, stainless-steel appliances, and in-unit laundry. One unit includes 3 full bathrooms, while the other provides 2 full bathrooms. The renovation was completed in 2023.
The property is located at 17 Rhode Island Ave NE in Washington, DC, with access to Rhode Island Avenue and North Capitol Street. The Rhode Island Avenue Metro station is east of the property, and Union Market, Eckington Dog Park, and Alethia Tanner Park are nearby. Both units are currently fully leased.
The property is located at 17 Rhode Island Ave NE in Washington, DC, with access to Rhode Island Avenue and North Capitol Street. The Rhode Island Avenue Metro station is east of the property, and Union Market, Eckington Dog Park, and Alethia Tanner Park are nearby. Both units are currently fully leased.
Key Highlights
- Two 2‑level units with 4 bedrooms each
- 3,097 square feet total
- Fully renovated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,002
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,040
$1.2M
Cap Rate 7%
$842,886
$842.9K
Cap Rate 9%
$655,578
$655.6K
Market Conditions
NOI Build-Up for 3,097 SF
Gross rent
$89.2K $28.80/SF
− Vacancy
−$4.9K −$1.58/SF
EGI
$84.3K $27.22/SF
− OpEx
−$25.3K −$8.16/SF
NOI
$59.0K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,040
Cap Rate 7%
$842,886
Cap Rate 9%
$655,578
Alternative Uses
Best Use
Multifamily LT 5
$842.9K
$737.5K – $983.4K
NOI $59,002 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$753.2K
$659.1K – $878.8K
NOI $52,725 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,929 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with updated interiors, private laundry, and two-level residential layouts.
Where is this duplex located?
The property is located at 17 Rhode Island Ave NE Washington, DC.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two 2‑level units with 4 bedrooms each; 3,097 square feet total; Fully renovated in 2023
