Renovated
For Sale
$985,000
1911 8TH STREET NW, Washington, DC 20001
Fully renovated duplex with two two-bedroom, two-bath residences.
Property Size1,942 SF
Price / SF$507.21
Days on Market14
Property Features for 1911 8TH STREET NW
General Information
Standard status
Active
Size
1,942 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Cap Rate
7%
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,236
Building Details
Building Size
1,942 SF
Year Built
1920
Buildings
1
Listing Agency:
Marcus & Millichap Real Estate
(202) 536-3742
Listed By:
Lorenzo M Wooten Jr. · License #(S):MD:629911,DC:SP98367898
(202) 536-3742
Source:
Kerishull
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 12 at 3:00PM
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 Marcus & Millichap Real Estate
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.
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 = 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
$34,795
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
3.53%
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%
$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
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
$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 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%
$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
NOI $34,795 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$461.0K
$403.3K – $537.8K
NOI $32,267 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$998.9K
$874.0K – $1.17M
NOI $69,923 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
