Updated Duplex in
For Sale
$499,900
1946 I Street NE, Washington, DC 20002
Updated 2-unit townhouse in vibrant Trinidad community, Washington, D.C.
Property Size1,400 SF
Price / SF$357.07
Days on Market365
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Property Features for 1946 I Street NE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$28,843
Amenities
Yes
No
Assessor
No Pool
Public
0.03
Off Street
Other
333910.00
Building Details
Building Size
1,400 SF
Year Built
1942
Listing Agency:
Coldwell Banker Commercial
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Oct 16, 2025
Changed: Oct 10
Last Checked: Oct 14 at 8:19PM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
Located in Washington, D.C.'s Trinidad community, this updated 2-unit interior townhouse presents an investment opportunity. Each unit features modern finishes and living spaces. The property is located in close proximity to the U.S. National Arboretum, H Street Corridor, and Union Market, providing access to dining, shopping, and entertainment. This multi-unit property is located in Northeast D.C.
Key Highlights
- Prime location in the desirable Trinidad neighborhood of Washington, D.C.
- Turnkey, meticulously maintained 2‑unit interior townhouse.
- Excellent investment opportunity with income‑producing potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,672
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,440
$533.4K
Cap Rate 7%
$381,029
$381.0K
Cap Rate 9%
$296,356
$296.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$40.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$38.1K $27.22/SF
− OpEx
−$11.4K −$8.16/SF
NOI
$26.7K $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%
$533,440
Cap Rate 7%
$381,029
Cap Rate 9%
$296,356
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$340.5K
$297.9K – $397.3K
NOI $23,835 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$722.8K
$632.5K – $843.3K
NOI $50,598 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated 2-unit townhouse in vibrant Trinidad community, Washington, D.C.
Where is this duplex located?
The property is located at 1946 I Street NE Washington, DC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime location in the desirable Trinidad neighborhood of Washington, D.C.; Turnkey, meticulously maintained 2‑unit interior townhouse.; Excellent investment opportunity with income‑producing potential.
