Building Details

Building Size 1,942 SF

Year Built 1920

Buildings 1

Listing Agency: Marcus & Millichap Real Estate

Listed By: Lorenzo M Wooten Jr. · License #(S):MD:629911,DC:SP98367898 Show Phone

Source: Kerishull

Added: Jul 31 Changed: Oct 3 Last Checked: Oct 6 at 12:37AM

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Investment Insights

Based on property information with market context.

This 1,942-square-foot duplex contains two renovated residences, each configured with two bedrooms and two bathrooms. The property was built in 1920 and has received substantial interior and building-system improvements, supporting immediate residential use with reduced near-term capital expenditure needs.

The building is located in Washington, DC’s Shaw submarket near Howard University, with transit access and neighborhood amenities identified as supporting demand from students and early-career renters. The property is also presented as a potential owner-occupant purchase, allowing the buyer to live in one residence while leasing the other. A 7.00% cap rate is reported for the asset.

Key Highlights

• Two‑unit duplex with 2BR/2BA layouts in each residence
• 1,942 square feet
• Substantially renovated interiors and upgraded building systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,795

Cap Rate

3.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,900 $695.9K

Cap Rate 7%

$497,071 $497.1K

Cap Rate 9%

$386,611 $386.6K

Market Conditions

NOI Build-Up for 1,942 SF

Gross rent

$52.4K $27.00/SF

− Vacancy

−$2.7K −$1.40/SF

EGI

$49.7K $25.60/SF

− OpEx

−$14.9K −$7.68/SF

NOI

$34.8K $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 Rate 5%

$695,900

Cap Rate 7%

$497,071

Cap Rate 9%

$386,611

Alternative Uses

Best Use

Multifamily LT 5

$497.1K

$434.9K – $579.9K (±1% cap)

NOI $34,795 @ 7.0% cap · market cap 3.53%

Second Best

Apartment 5plus

$461.0K

$403.3K – $537.8K (±1% cap)

NOI $32,267 @ 7.0% cap · market cap 3.28%

Theoretical Best

Office A

$998.9K

$874.0K – $1.17M (±1% cap)

NOI $69,923 @ 7.0% cap · market cap 7.10%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Florist Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

4,618

Businesses Nearby

Explore this area Business Placement

Demographics for 20001, DC

49,040

Population

26,728

Households

1.8

Avg Household Size

32

Median Age

78%

College-Educated

95%

High-School Grad

2.0 sq mi

ZIP Area

24,520

Density / Sq Mi

$138,730

Median Household Income

$94,675

Median Earnings

$2,464

Median Rent

$844,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Fully renovated duplex with two two-bedroom, two-bath residences.

Where is this duplex located?

The property is located at 1911 8TH STREET NW Washington, DC.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: Two‑unit duplex with 2BR/2BA layouts in each residence; 1,942 square feet; Substantially renovated interiors and upgraded building systems