Two-Unit Brick
New
For Sale
$524,900
219 Webster St NE, Washington, DC 20011
Vacant at closing, the property combines an updated upper residence with a separate lower unit and a full basement.
Property Size1,843 SF
Price / SF$284.81
Days on Market2
Property Features for 219 Webster St NE
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
Central Air
Private Yard
Full Basement
Laundry
Storage
Building Details
Year Built
1950
Buildings
1
Stories
2
Construction
Brick Semi-Detached
Listing Agency:
Keller Williams Capital Properties
Listed By:
John Coleman
Source:
Belegacyre
Added: Sep 26
Last Checked: Sep 26 at 8:20AM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This 1950 brick semi-detached duplex contains two one-bedroom, one-bath units, each measuring 666 square feet, within 1,843 square feet of property area. Both units have central air. The upper apartment has a newer kitchen and updated bathroom; the lower unit features wood-style flooring and direct access to the backyard. The property is vacant, and the full basement includes laundry, storage, and separate front and rear entrances.
A private yard provides space to bring a vehicle in from the alley. The property is minutes from Catholic University and Brookland.
A private yard provides space to bring a vehicle in from the alley. The property is minutes from Catholic University and Brookland.
Key Highlights
- Two vacant apartments, each with 1 bedroom, 1 bathroom, and 666 square feet
- 1950 brick semi‑detached building with 1,843 square feet of property area
- Upper unit has a newer kitchen and updated bathroom
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
$33,021
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
6.29%
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%
$660,420
$660.4K
Cap Rate 7%
$471,729
$471.7K
Cap Rate 9%
$366,900
$366.9K
Market Conditions
NOI Build-Up for 1,843 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
$49.8K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.2K $25.60/SF
− OpEx
−$14.2K −$7.68/SF
NOI
$33.0K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /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%
$660,420
Cap Rate 7%
$471,729
Cap Rate 9%
$366,900
Alternative Uses
Best Use
Multifamily LT 5
$471.7K
$412.8K – $550.4K
NOI $33,021 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$951.5K
$832.6K – $1.11M
NOI $66,608 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant at closing, the property combines an updated upper residence with a separate lower unit and a full basement.
Where is this duplex located?
The property is located at 219 Webster St NE Washington, DC.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two vacant apartments, each with 1 bedroom, 1 bathroom, and 666 square feet; 1950 brick semi‑detached building with 1,843 square feet of property area; Upper unit has a newer kitchen and updated bathroom
