Updated Two-Unit
For Sale
$1,050,000
1827 EAST CAPITOL STREET SE, Washington, DC 20003
Two residences have separate utilities, private parking, and individual laundry equipment for practical property management.
Property Size2,700 SF
Days on Market13
Property Features for 1827 EAST CAPITOL STREET SE
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,261
Building Details
Building Size
2,700 SF
Year Built
1977
Listing Agency:
Compass
(202) 630-6112
Listed By:
Kimberly Diggs · License #BR98373434
(202) 630-6112
Source:
Kwcapitalproperties
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 23 at 9:10AM
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 two-unit duplex provides approximately 2,700 square feet of living space with separately metered utilities, central heating and air conditioning, and a washer and dryer in each residence. The upper home occupies two levels with four bedrooms and two and a half baths, along with hardwood floors, an updated kitchen, three working fireplaces, rear-yard access, and private parking. The lower residence is tenant occupied and includes one bedroom and one bathroom.
The property is located at 1827 East Capitol Street SE in Washington, DC, near Stadium-Armory Metro, which serves the Silver, Blue, and Orange lines. The setting is in Capitol Hill East and is also convenient to the future Commanders Stadium development. Built in 1977, the property combines a larger upper residence with a separate lower unit and dedicated utility metering.
The property is located at 1827 East Capitol Street SE in Washington, DC, near Stadium-Armory Metro, which serves the Silver, Blue, and Orange lines. The setting is in Capitol Hill East and is also convenient to the future Commanders Stadium development. Built in 1977, the property combines a larger upper residence with a separate lower unit and dedicated utility metering.
Key Highlights
- Approximately 2,700 square feet across two residential units
- Upper residence spans two levels with 4 bedrooms and 2.5 baths
- Lower unit is tenant occupied with 1 bedroom and 1 bathroom
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
$48,376
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
4.61%
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%
$967,520
$967.5K
Cap Rate 7%
$691,086
$691.1K
Cap Rate 9%
$537,511
$537.5K
Market Conditions
NOI Build-Up for 2,700 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
$72.9K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$69.1K $25.60/SF
− OpEx
−$20.7K −$7.68/SF
NOI
$48.4K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /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%
$967,520
Cap Rate 7%
$691,086
Cap Rate 9%
$537,511
Alternative Uses
Best Use
Multifamily LT 5
$691.1K
$604.7K – $806.3K
NOI $48,376 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$640.9K
$560.8K – $747.7K
NOI $44,862 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,216 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
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 - Two residences have separate utilities, private parking, and individual laundry equipment for practical property management.
Where is this duplex located?
The property is located at 1827 EAST CAPITOL STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 2,700 square feet across two residential units; Upper residence spans two levels with 4 bedrooms and 2.5 baths; Lower unit is tenant occupied with 1 bedroom and 1 bathroom
