Three-Unit Townhouse with Rooftop
For Sale
$1,975,000
1768 Willard Street NW, Washington, DC 20009
Three separately configured residences with two apartments and an owner's top-two-level unit featuring a rooftop deck.
Property Size3,665 SF
Price / SF$538.88
Days on Market132
Property Features for 1768 Willard Street NW
General Information
Standard status
Active
Size
3,665 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
3
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Washington Fine Properties,LLC
Listed By:
Nathan J Guggenheim · License #SP98364671
(202) 333-5905
Source:
Deepcreeklake
Added: May 5
Changed: Sep 12
Last Checked: Sep 12 at 10:22AM
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 Washington Fine Properties,LLC
Investment Insights
Based on property information with market context.
This three-unit townhouse offers three separately configured residences within approximately 3,650 square feet. Two apartments provide separate rental housing, including a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. The owner’s residence spans the top two levels and is centered around an expansive living and dining area with vaulted ceilings, creating substantial volume and natural light.
An open-concept kitchen connects to the main entertaining spaces, and a wood-burning fireplace adds warmth and character. The private primary suite opens directly to an impressive rooftop deck, designed for outdoor entertaining and dining. Private off-street parking is also included.
Located in Washington, DC, the property is described as being moments from Dupont Circle, Adams Morgan, Logan Circle, and the 14th Street corridor, with access to local restaurants, cafés, boutique shopping, parks, Metro, and cultural destinations.
An open-concept kitchen connects to the main entertaining spaces, and a wood-burning fireplace adds warmth and character. The private primary suite opens directly to an impressive rooftop deck, designed for outdoor entertaining and dining. Private off-street parking is also included.
Located in Washington, DC, the property is described as being moments from Dupont Circle, Adams Morgan, Logan Circle, and the 14th Street corridor, with access to local restaurants, cafés, boutique shopping, parks, Metro, and cultural destinations.
Key Highlights
- Three‑unit townhouse built in 1925 offering approximately 3,650 sq ft
- Two separate apartments: one 2 bed/1 bath and one 1 bed/1 bath
- Owner’s residence spans the top two levels with an expansive living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,005
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,600,100
$1.6M
Cap Rate 7%
$1,142,929
$1.1M
Cap Rate 9%
$888,944
$888.9K
Market Conditions
NOI Build-Up for 3,665 SF
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.
Gross rent
$120.9K $33.00/SF
− Vacancy
−$6.7K −$1.82/SF
EGI
$114.3K $31.19/SF
− OpEx
−$34.3K −$9.36/SF
NOI
$80.0K $21.83/SF
Area
ZIP 20009
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,600,100
Cap Rate 7%
$1,142,929
Cap Rate 9%
$888,944
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,005 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$1.02M
$891.5K – $1.19M
NOI $71,320 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $131,961 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately configured residences with two apartments and an owner's top-two-level unit featuring a rooftop deck.
Where is this triplex located?
The property is located at 1768 Willard Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Three‑unit townhouse built in 1925 offering approximately 3,650 sq ft; Two separate apartments: one 2 bed/1 bath and one 1 bed/1 bath; Owner’s residence spans the top two levels with an expansive living and dining area
