Turnkey Duplex with Off-Street
For Sale
$799,900
2015 4TH Street NE, Washington, DC 20002
MULTI_FAMILY - WASHINGTON, DC
Property Size1,700 SF
Lot Size0.06 Acres
Price / SF$470.53
Days on Market30
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
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
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: Jul 25
Last Checked: Aug 13 at 4:06AM
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 turnkey duplex at 2015 4TH Street NE, Washington, DC 20002 offers two fully renovated residences, each with two bedrooms and one full bathroom. The property is move-in ready and designed for straightforward separate occupancy, with updated interior finishes in both units.
An expansive, level rear yard provides outdoor space for recreation and future enhancements. The duplex also includes private off-street parking for two vehicles and an electric vehicle charger.
Convenient access is a major feature, with the Rhode Island Avenue–Brentwood Metro station approximately a 10-minute walk away, providing Red Line service. The home is also described as being near the Metropolitan Branch Trail and shopping and dining in the Eckington, NoMa, Union Market, and Rhode Island Avenue corridor. The property is identified as RF-1 zoned, offering potential flexibility for future expansion, reconfiguration, or development, subject to applicable regulations and buyer verification.
An expansive, level rear yard provides outdoor space for recreation and future enhancements. The duplex also includes private off-street parking for two vehicles and an electric vehicle charger.
Convenient access is a major feature, with the Rhode Island Avenue–Brentwood Metro station approximately a 10-minute walk away, providing Red Line service. The home is also described as being near the Metropolitan Branch Trail and shopping and dining in the Eckington, NoMa, Union Market, and Rhode Island Avenue corridor. The property is identified as RF-1 zoned, offering potential flexibility for future expansion, reconfiguration, or development, subject to applicable regulations and buyer verification.
Key Highlights
- Turn‑of‑the‑century 1921 Eckington duplex with two fully renovated units
- Two bedrooms and one full bathroom in each residence
- Stainless steel appliances included; electric baseboard heat and window unit cooling
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
4.05%
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 4.05%
Second Best
Apartment 5plus
$413.5K
$361.8K – $482.4K
NOI $28,942 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$877.7K
$768.0K – $1.02M
NOI $61,440 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-unit duplex with two bedrooms and one full bath per residence, plus level rear yard and 2-car parking.
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 $799,900.
What are key features of this property?
This property features: Turn‑of‑the‑century 1921 Eckington duplex with two fully renovated units; Two bedrooms and one full bathroom in each residence; Stainless steel appliances included; electric baseboard heat and window unit cooling
