Detached Brick
For Sale
$999,900
1902 LINCOLN ROAD NE, Washington, DC 20002
Two separately entered residences provide flexible living arrangements with dedicated laundry for each unit.
Property Size2,129 SF
Days on Market26
Property Features for 1902 LINCOLN ROAD NE
General Information
Standard status
Active
Size
2,129 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,277
Amenities
hardwood floors
exposed brick
updated kitchen
sunroom
front porch
private rear deck
brick patio
washer/dryer
Building Details
Building Size
2,129 SF
Year Built
1917
Buildings
1
Construction
brick
Listing Agency:
Corcoran McEnearney
Listed By:
Eric Fafoglia · License #SP200203054
(202) 568-3545
Source:
Kwcapitalproperties
Added: Sep 11
Changed: Oct 3
Last Checked: Oct 5 at 10:27PM
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 Corcoran McEnearney
Investment Insights
Based on property information with market context.
This detached brick duplex, built in 1917, combines a three-bedroom, one-and-a-half-bath upper residence with a separate two-bedroom, one-bath lower unit. The main home includes hardwood flooring, exposed brick, period trim, an eat-in kitchen with stainless steel appliances and granite countertops, plus a sunroom. The lower residence has its own kitchen, living area, and entrance. Each unit is equipped with a separate washer and dryer setup.
Outdoor features include a front porch, rear deck, brick patio, and driveway parking for up to 3 cars. The property is in Eckington near the Metropolitan Branch Trail, Crispus Attucks Park, Alethia Tanner Dog Park, The Red Hen, Lost Generation Brewing, and Yang's Market. Union Market, NoMa, and Shaw are also within easy reach.
Outdoor features include a front porch, rear deck, brick patio, and driveway parking for up to 3 cars. The property is in Eckington near the Metropolitan Branch Trail, Crispus Attucks Park, Alethia Tanner Dog Park, The Red Hen, Lost Generation Brewing, and Yang's Market. Union Market, NoMa, and Shaw are also within easy reach.
Key Highlights
- Detached brick duplex with two separate residences
- Upper unit offers 3 bedrooms and 1.5 baths
- Lower residence includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,560
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,200
$811.2K
Cap Rate 7%
$579,429
$579.4K
Cap Rate 9%
$450,667
$450.7K
Market Conditions
NOI Build-Up for 2,129 SF
Gross rent
$61.3K $28.80/SF
− Vacancy
−$3.4K −$1.58/SF
EGI
$57.9K $27.22/SF
− OpEx
−$17.4K −$8.16/SF
NOI
$40.6K $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%
$811,200
Cap Rate 7%
$579,429
Cap Rate 9%
$450,667
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,560 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$517.8K
$453.1K – $604.1K
NOI $36,246 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.10M
$961.8K – $1.28M
NOI $76,944 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two separately entered residences provide flexible living arrangements with dedicated laundry for each unit.
Where is this duplex located?
The property is located at 1902 LINCOLN ROAD NE Washington, DC.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Detached brick duplex with two separate residences; Upper unit offers 3 bedrooms and 1.5 baths; Lower residence includes 2 bedrooms and 1 full bath
