Six-Unit Brick Apartment
237 2ND Street NW, Washington, DC 20001
For Sale
New
$1,599,000
Multi-Family, WASHINGTON, DC
Property Size3,268 SF
Lot Size0.03 Acres
Price / SF$489.29
Days on Market2
Property Features for 237 2ND Street NW
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Subdivision
Elementary school district
Middle school district
High school district
Special listing conditions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
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Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Compass
(202) 386-6330
Listed By:
Jesse N Oakley · License DC SP98373339
(202) 440-3564
Added: Nov 12
Last Checked: Nov 13 at 5:06AM
MLS# DCDC2291392
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.
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Investment Insights
Based on property information with market context.
This 3,268-square-foot, six-unit apartment building dates to 1916 and has brick construction with Federal architectural styling. The unit mix includes two two-bedroom, two-bath apartments, one two-bedroom, one-bath apartment, and three one-bedroom, one-bath apartments. Interior features include high ceilings, wide-plank floors, white shaker kitchens with stainless steel appliances, and baths finished with marble-look tile, black fixtures, and mosaic floors. Central heating and central air serve the building, which has on-street parking.
The property is at 237 2nd Street NW in Washington, DC, with D-3 mixed-use zoning. The U.S. Department of Labor is nearby, and the National Mall is approximately 0.2 miles away. Judiciary Square Metro is about 0.3 miles away; Union Station is approximately 0.6 miles away.
The property is at 237 2nd Street NW in Washington, DC, with D-3 mixed-use zoning. The U.S. Department of Labor is nearby, and the National Mall is approximately 0.2 miles away. Judiciary Square Metro is about 0.3 miles away; Union Station is approximately 0.6 miles away.
Key Highlights
- Six apartments totaling 3,268 square feet
- Unit mix: two 2‑bedroom, 2‑bath units; one 2‑bedroom, 1‑bath unit; three 1‑bedroom, 1‑bath units
- D‑3 mixed‑use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,299
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,980
$1.1M
Cap Rate 7%
$775,700
$775.7K
Cap Rate 9%
$603,322
$603.3K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$103.9K $31.80/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$98.7K $30.21/SF
− OpEx
−$44.4K −$13.59/SF
NOI
$54.3K $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%
$1,085,980
Cap Rate 7%
$775,700
Cap Rate 9%
$603,322
Alternative Uses
Best Use
Apartment 5plus
$775.7K
$678.7K – $905.0K
NOI $54,299 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,667 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,344
Businesses Nearby
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Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
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Market
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A renovated six-residence property pairs varied apartment layouts with updated kitchens and baths in a brick corner building.
Where is this apartment building located?
The property is located at 237 2ND Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Six apartments totaling 3,268 square feet; Unit mix: two 2‑bedroom, 2‑bath units; one 2‑bedroom, 1‑bath unit; three 1‑bedroom, 1‑bath units; D‑3 mixed‑use zoning
