Renovated Two-Unit
For Sale
$749,000
2015 4TH STREET NE, Washington, DC 20002
Two updated residences offer flexible living arrangements, private parking, and a level rear yard.
Property Size1,700 SF
Price / SF$440.59
Days on Market84
Property Features for 2015 4TH STREET NE
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
2
Property subtype
Duplex
Zoning
RF-1
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,917
Amenities
rear yard
EV charger
Building Details
Building Size
1,700 SF
Year Built
1921
Listing Agency:
Samson Properties
Listed By:
Alleyah M. Miner · License #SP200201607
(240) 416-5488
Source:
Kerishull
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 6 at 12:25AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,700 square feet and was built in 1921. Each residence includes two bedrooms and one full bathroom, with renovations completed throughout and both units ready for occupancy. The layout supports separate household use within one property, while the level rear yard adds substantial outdoor space. Two off-street parking spaces are provided, along with an electric vehicle charger.
The property is approximately a 10-minute walk from the Rhode Island Avenue-Brentwood Metro station and its Red Line service. The Metropolitan Branch Trail and the retail, dining, and entertainment offerings of Eckington, NoMa, Union Market, and the Rhode Island Avenue corridor are also nearby. RF-1 zoning applies to the property.
The property is approximately a 10-minute walk from the Rhode Island Avenue-Brentwood Metro station and its Red Line service. The Metropolitan Branch Trail and the retail, dining, and entertainment offerings of Eckington, NoMa, Union Market, and the Rhode Island Avenue corridor are also nearby. RF-1 zoning applies to the property.
Key Highlights
- Two renovated units, each with 2 bedrooms and 1 full bathroom
- 1,700 square feet on a property built in 1921
- Approximately a 10‑minute walk to Rhode Island Avenue‑Brentwood Metro station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,387
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,740
$647.7K
Cap Rate 7%
$462,671
$462.7K
Cap Rate 9%
$359,856
$359.9K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$49.0K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$46.3K $27.22/SF
− OpEx
−$13.9K −$8.16/SF
NOI
$32.4K $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%
$647,740
Cap Rate 7%
$462,671
Cap Rate 9%
$359,856
Alternative Uses
Best Use
Multifamily LT 5
$462.7K
$404.8K – $539.8K
NOI $32,387 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,942 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$877.7K
$768.0K – $1.02M
NOI $61,440 @ 7.0% cap · market cap 8.20%
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
1,922
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer flexible living arrangements, private parking, and a level rear yard.
Where is this duplex located?
The property is located at 2015 4TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two renovated units, each with 2 bedrooms and 1 full bathroom; 1,700 square feet on a property built in 1921; Approximately a 10‑minute walk to Rhode Island Avenue‑Brentwood Metro station
