Renovated Duplex With Private
For Sale
$774,900
2015 4TH Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,700 SF
Lot Size0.06 Acres
Price / SF$455.82
Days on Market47
Property Features for 2015 4TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Fenced, Off Street
Appliances
Stainless Steel Appliances
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
1,700 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5917
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Amenities
backyard
electric vehicle charger
Building Details
Year built
1921
Number of units
2
Building materials
Brick
Listing Agency:
Samson Properties
(240) 724-6550
Listed By:
Alleyah M. Miner · License #SP200201607
(240) 416-5488
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 30 at 6:06AM
MLS# DCDC2273314
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 renovated duplex contains two separate residences within 1,700 square feet. Each unit offers two bedrooms, one full bathroom, modern finishes, stainless steel appliances, electric baseboard heat, and window-unit cooling. The brick property was built in 1921 and includes a fenced backyard, private off-street parking for two vehicles, and an electric vehicle charger.
Set on 0.06 acres at 2015 4th Street NE in Washington, DC, the property is approximately a 10-minute walk from the Rhode Island Avenue-Brentwood Metro station on the Red Line. The Metropolitan Branch Trail and the restaurants, shops, nightlife, and daily services of Eckington, NoMa, Union Market, and the Rhode Island Avenue corridor are also nearby. RF-1 zoning may support future expansion, reconfiguration, or development subject to applicable regulations and independent verification.
The two-unit layout accommodates an owner-occupant arrangement, leasing both residences, or separate household use, as supported by the property configuration.
Set on 0.06 acres at 2015 4th Street NE in Washington, DC, the property is approximately a 10-minute walk from the Rhode Island Avenue-Brentwood Metro station on the Red Line. The Metropolitan Branch Trail and the restaurants, shops, nightlife, and daily services of Eckington, NoMa, Union Market, and the Rhode Island Avenue corridor are also nearby. RF-1 zoning may support future expansion, reconfiguration, or development subject to applicable regulations and independent verification.
The two-unit layout accommodates an owner-occupant arrangement, leasing both residences, or separate household use, as supported by the property configuration.
Key Highlights
- Two renovated residences, each with 2 bedrooms and 1 full bathroom
- 1,700 square feet on a 0.06‑acre lot
- Private off‑street parking for 2 vehicles with an electric vehicle charger
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
$32,387
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
4.18%
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%
$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
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
$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 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%
$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 4.18%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,942 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$877.7K
$768.0K – $1.02M
NOI $61,440 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Two updated residences support flexible owner-occupant or rental use with off-street parking and an EV charger.
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 $774,900.
What are key features of this property?
This property features: Two renovated residences, each with 2 bedrooms and 1 full bathroom; 1,700 square feet on a 0.06‑acre lot; Private off‑street parking for 2 vehicles with an electric vehicle charger
