Fully Renovated Duplex
17 Rhode Island Avenue Northeast Washington, DC 20002
For Sale
$1,399,000
Renovated duplex with two 2-level units, each offering four bedrooms and in-unit laundry, fully leased.
Property Size3,097 SF
Price / SF$451.73
Days on Market117
Property Features for 17 Rhode Island Avenue Northeast
General Information
Standard status
Active
Size
3,097 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1909
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 643-5194
Listed By:
Diedra V Alexander · License #SP98375682
(301) 643-5194
Source:
Compass
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 26 at 11:42AM
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 fully renovated duplex features two spacious 2-level units. Each unit includes four bedrooms, an open concept living and kitchen area, and in-unit laundry facilities. The unit mix includes one unit with three full bathrooms and the other with two full bathrooms. Modern stainless-steel appliances are included in both units.
The property is located at 17 Rhode Island Avenue NE in Washington, DC, with access to downtown via Rhode Island Avenue and North Capitol Street. A Metro station on Rhode Island Avenue is located just east of the property.
The building is currently fully leased. Showings are available by appointment only with 24-hour notice, Monday through Friday between 10am and 3pm.
The property is located at 17 Rhode Island Avenue NE in Washington, DC, with access to downtown via Rhode Island Avenue and North Capitol Street. A Metro station on Rhode Island Avenue is located just east of the property.
The building is currently fully leased. Showings are available by appointment only with 24-hour notice, Monday through Friday between 10am and 3pm.
Key Highlights
- Fully renovated 1909 brownstone duplex with two 2‑level units
- Each unit features 4 bedrooms and in‑unit laundry
- Unit mix: one unit has 3 full bathrooms; the other has 2 full bathrooms
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 | $89.2k | $28.80 |
| − Vacancy | −$4.9k | −$1.58 |
| EGI | $84.3k | $27.22 |
| − OpEx | −$25.3k | −$8.16 |
| NOI | $59.0k | $19.05 |
3,097 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with two 2-level units, each offering four bedrooms and in-unit laundry, fully leased.
Where is this duplex located?
The property is located at 17 Rhode Island Avenue Northeast 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: Fully renovated 1909 brownstone duplex with two 2‑level units; Each unit features 4 bedrooms and in‑unit laundry; Unit mix: one unit has 3 full bathrooms; the other has 2 full bathrooms
