Multi-Unit Residential Income
For Sale
$2,500,000
1769 T Street Northwest, Washington, DC 20009
Well-situated two-unit property in Washington, DC, listed for sale with purchase requirement to acquire an adjacent unit.
Property Size3,758 SF
Price / SF$665.25
Days on Market158
Property Features for 1769 T Street Northwest
General Information
Standard status
Active
Size
3,758 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R1
Taxes and HOA fees
Annual Taxes
$16,434
Amenities
Yes
2
No Pool
Building Details
Year Built
1905
Listing Agency:
Compass
(571) 268-7977
Listed By:
Angie Lundy · License #SP98371665
(571) 268-7977
Source:
Compass
Added: Mar 18
Changed: Aug 8
Last Checked: Jul 23 at 8:10AM
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
Investment Insights
Based on property information with market context.
This for-sale multi-unit residential income property consists of two units at 1769 T Street NW, Washington, DC. The listing presents the asset as a strong rental-demand building with the option for future conversion to a luxury single-family row home, contingent on applicable feasibility and approvals. 1769 and 1771 must be purchased together.
The property is located in a highly sought-after area of Washington, DC, described as Dupont Circle, and is positioned within close proximity to shops, restaurants, and neighborhood activity.
Interested buyers should note the two-property purchase requirement and evaluate the building configuration and conversion potential as part of their acquisition due diligence.
The property is located in a highly sought-after area of Washington, DC, described as Dupont Circle, and is positioned within close proximity to shops, restaurants, and neighborhood activity.
Interested buyers should note the two-property purchase requirement and evaluate the building configuration and conversion potential as part of their acquisition due diligence.
Key Highlights
- Two‑unit property in Washington, DC at 1769 T St NW (Dupont Circle area)
- Purchase requirement: 1769 and 1771 must be purchased together
- Built in 1905
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
$82,035
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
3.28%
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%
$1,640,700
$1.6M
Cap Rate 7%
$1,171,929
$1.2M
Cap Rate 9%
$911,500
$911.5K
Market Conditions
NOI Build-Up for 3,758 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
$124.0K $33.00/SF
− Vacancy
−$6.8K −$1.82/SF
EGI
$117.2K $31.19/SF
− OpEx
−$35.2K −$9.36/SF
NOI
$82.0K $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%
$1,640,700
Cap Rate 7%
$1,171,929
Cap Rate 9%
$911,500
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,035 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$1.04M
$914.1K – $1.22M
NOI $73,130 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,310 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Well-situated two-unit property in Washington, DC, listed for sale with purchase requirement to acquire an adjacent unit.
Where is this duplex located?
The property is located at 1769 T Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑unit property in Washington, DC at 1769 T St NW (Dupont Circle area); Purchase requirement: 1769 and 1771 must be purchased together; Built in 1905
