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    Renovated Two-Unit Brick Property

    2429 IRVING Street SE Washington, DC 20020

    Claim this Listing
    For Sale
    $440,000

    MULTI_FAMILY - Colonial - WASHINGTON, DC

    Property size:
    1,332 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $330.33/SF
    Added:
    Apr 1, 2026
    Days on Market:
    105
    Last Refresh:
    Jul 14 at 9:06 am

    Property Features for 2429 IRVING Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Dining Room
    Parking
    3
    Parking features
    On Street, Off Street
    Interior features
    Wood Floors, Ceiling Fan(s), Floor Plan - Traditional, Walk-in Closet(s), Dining Area
    Appliances
    WaterHeater, Washer, Refrigerator, Range Hood, Oven/Range - Gas, Dryer
    Standard status
    Active
    Size
    1,332 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3296

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    Listing agent William E Newsome License #SP68943

    Listing office Keller Williams Preferred Properties 1441 McCormick Drive unit: 1020, Upper Marlboro, DC

    Listing date Apr 1, 2026

    MLS# DCDC2253466 Listing URL

    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 is a renovated two-unit brick property featuring updated kitchens and baths. The property has separate entrances and parking in the rear for three or more cars. It is located close to metro and bus lines. The property is vacant, allowing the buyer to choose their own tenants. It is situated close to shopping and a block from the Suitland Parkway entrance, with convenient access to downtown and suburban Maryland. The property size is 1332 square feet and the lot size is 0.0562 acres. It is located in WASHINGTON, DC, with a postal code of 20020.

    Key Highlights

    • Totally renovated 2‑unit brick property with separate kitchens and baths
    • On‑street and off‑street parking, plus rear parking for 3+ cars
    • Colonial‑style home built in 1950

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.0k $27.00
    − Vacancy −$2.3k −$1.76
    EGI $33.6k $25.25
    − OpEx −$10.1k −$7.57
    NOI $23.5k $17.67
    1,332 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $336.3K
    $294.2K – $392.3K (±1% cap)
    NOI $23,538 @ 7.0% cap · market cap 5.35%
    Second Best
    Apartment 5plus
    $300.4K
    $262.9K – $350.5K (±1% cap)
    NOI $21,028 @ 7.0% cap · market cap 4.78%
    Theoretical Best
    Office A
    $687.7K
    $601.8K – $802.3K (±1% cap)
    NOI $48,140 @ 7.0% cap · market cap 10.94%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

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    FAQs

    What type of property is this?
    Duplex - Updated two-unit property with parking, close to metro and bus.
    Where is this duplex located?
    The property is located at 2429 IRVING Street SE Washington, DC.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Totally renovated 2‑unit brick property with separate kitchens and baths; On‑street and off‑street parking, plus rear parking for 3+ cars; Colonial‑style home built in 1950
    Contact an agent
    (202) 498-2765
    We can help!
    Contact an agent
    William E Newsome
    Real Estate License ID: SP68943
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