Two-Unit Duplex
For Sale
$399,000
2200 15TH STREET NE, Washington, DC 20018
Income-producing residential property with separately metered units and flexible occupancy options.
Property Size2,052 SF
Days on Market66
Property Features for 2200 15TH STREET NE
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,146
Building Details
Building Size
2,052 SF
Year Built
1954
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Gavin Kersellius · License #SP200200564
(202) 760-1245
Source:
Kwcapitalproperties
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 5 at 9:24PM
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 Coldwell Banker Realty - Washington
Investment Insights
Based on property information with market context.
This 1954 duplex contains two separately metered residential units, each configured with 2 bedrooms and 1 bathroom. Both residences are currently leased, with the property also offering the possibility of delivery vacant. The two-unit layout supports separate occupancy and rental arrangements within one building.
The property is situated on a quiet block in Washington, DC, with ample street parking. Access is convenient to 295, Rt. 50, and 395, along with major roads, local airports, Metro stations, and bus lines. Union Market, NoMa, Eastern Market, the H Street Corridor, Capitol Hill, Downtown, and nearby shopping, sports, entertainment, and cultural destinations are also within the stated surrounding area.
The property is situated on a quiet block in Washington, DC, with ample street parking. Access is convenient to 295, Rt. 50, and 395, along with major roads, local airports, Metro stations, and bus lines. Union Market, NoMa, Eastern Market, the H Street Corridor, Capitol Hill, Downtown, and nearby shopping, sports, entertainment, and cultural destinations are also within the stated surrounding area.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- Both units currently leased, with potential delivery vacant
- Separate electric metering for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,095
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,900
$681.9K
Cap Rate 7%
$487,071
$487.1K
Cap Rate 9%
$378,833
$378.8K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$65.3K $31.80/SF
− Vacancy
−$3.3K −$1.59/SF
EGI
$62.0K $30.21/SF
− OpEx
−$27.9K −$13.59/SF
NOI
$34.1K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,900
Cap Rate 7%
$487,071
Cap Rate 9%
$378,833
Alternative Uses
Best Use
Multifamily LT 5
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$487.1K
$426.2K – $568.3K
NOI $34,095 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$1.06M
$923.6K – $1.23M
NOI $73,884 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
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 - Income-producing residential property with separately metered units and flexible occupancy options.
Where is this duplex located?
The property is located at 2200 15TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Both units currently leased, with potential delivery vacant; Separate electric metering for each unit
