Brick Two-Unit
For Sale
$499,900
1946 I Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,400 SF
Lot Size0.03 Acres
Price / SF$357.07
Days on Market365
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Property Features for 1946 I Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Subdivision
TRINIDAD
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
In Foreclosure
Standard status
Active
Size
1,400 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
28843
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1942
Number of units
2
Building materials
Brick
Listing Agency:
Apex Home Realty
(703) 675-6100
Listed By:
Samer Y. Makhlouf · License #BR40000070
(703) 532-9500
Added: Oct 16, 2025
Changed: Sep 24
Last Checked: Oct 15 at 3:06PM
MLS# DCDC2224700
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex is configured within an interior townhouse and contains two residential units. The brick structure was built in 1942 and includes modern finishes, well-appointed living areas, hot water heating, and off-street parking. The property occupies a 0.0346-acre lot at 1946 I Street NE in Washington, DC.
The home is positioned in the Trinidad community, with the U.S. National Arboretum, H Street Corridor, and Union Market identified nearby. Those destinations provide access to dining, shopping, entertainment, and neighborhood amenities. The two-unit layout offers flexibility for separate residential occupancy within a single townhouse property.
The home is positioned in the Trinidad community, with the U.S. National Arboretum, H Street Corridor, and Union Market identified nearby. Those destinations provide access to dining, shopping, entertainment, and neighborhood amenities. The two-unit layout offers flexibility for separate residential occupancy within a single townhouse property.
Key Highlights
- Two‑unit interior townhouse at 1946 I Street NE
- 1,400 square feet on a 0.0346‑acre lot
- Brick construction with 1942 year built
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
Lease Details
2
Residential units
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
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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 - Interior townhouse with separate units, contemporary finishes, and off-street parking.
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: Two‑unit interior townhouse at 1946 I Street NE; 1,400 square feet on a 0.0346‑acre lot; Brick construction with 1942 year built
