Two-Unit Duplex with
1720 GALES STREET NE, Washington, DC 20002
For Sale
New
$470,000
Two one-bedroom residences offer in-unit laundry, central HVAC, and hardwood floors.
Property Size1,120 SF
Price / SF$419.64
Days on Market6
Property Features for 1720 GALES STREET NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Compass
(202) 545-6900
Listed By:
Avery Boyce · License #646094
(202) 422-3081
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,120-square-foot duplex, built in 1948, contains two separate apartments, each with one bedroom and one full bathroom. Both units feature central HVAC, in-unit washer and dryers, hardwood flooring, updated bathrooms, and natural light. The property is vacant, and the backyard offers space for outdoor use or potential parking.
ALDI is 1.5 blocks away, H Street is three blocks away, and the Fields at RFK and Kingman Island are five blocks away. A bus stop is around the corner, while Rosedale Recreation Center sits across the street and includes an outdoor pool, gym, library, playground, playing field, and basketball court.
ALDI is 1.5 blocks away, H Street is three blocks away, and the Fields at RFK and Kingman Island are five blocks away. A bus stop is around the corner, while Rosedale Recreation Center sits across the street and includes an outdoor pool, gym, library, playground, playing field, and basketball court.
Key Highlights
- Two apartments, each with 1 bedroom and 1 full bathroom
- 1,120 square feet; built in 1948
- Central HVAC and in‑unit washer and dryers in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,337
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,740
$426.7K
Cap Rate 7%
$304,814
$304.8K
Cap Rate 9%
$237,078
$237.1K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$32.3K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.5K $27.22/SF
− OpEx
−$9.1K −$8.16/SF
NOI
$21.3K $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%
$426,740
Cap Rate 7%
$304,814
Cap Rate 9%
$237,078
Alternative Uses
Best Use
Multifamily LT 5
$304.8K
$266.7K – $355.6K
NOI $21,337 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$272.4K
$238.4K – $317.8K
NOI $19,068 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$578.3K
$506.0K – $674.6K
NOI $40,478 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
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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
$813,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Washington, DC
Properties on Market for Duplexes in Washington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer in-unit laundry, central HVAC, and hardwood floors.
Where is this duplex located?
The property is located at 1720 GALES STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two apartments, each with 1 bedroom and 1 full bathroom; 1,120 square feet; built in 1948; Central HVAC and in‑unit washer and dryers in both units
