Duplex Townhome with Rooftop
For Sale
$899,900
2503 Burns Street SE, Washington, DC 20020
Two separate residences combine flexible occupancy with updated finishes and private outdoor areas.
Property Size2,591 SF
Price / SF$347.32
Days on Market268
Property Features for 2503 Burns Street SE
General Information
Standard status
Active
Size
2,591 SF
Property subtype
Multi-Family
Zoning
R
Taxes and HOA fees
Annual Taxes
$6,637
Amenities
private backyard access
rooftop deck
Electric
Yes
Natural Gas
No
Assessor
1
No Pool
Public
0.03
On Street
Slab
129540.00
Building Details
Building Size
2,591 SF
Year Built
2022
Buildings
1
Listing Agency:
Echochic Estates
(610) 679-0127
Listed By:
Amanda Strain · License #1540241
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Nov 26, 2025
Changed: Aug 20
Last Checked: Aug 21 at 4:25AM
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 Echochic Estates
Investment Insights
Based on property information with market context.
Built as a two-unit townhome property, this duplex provides independent lower and upper residences without condo or HOA fees. The lower unit includes two bedrooms, two bathrooms, and access to a private backyard. The upper residence offers three bedrooms, three bathrooms, three finished levels, and a rooftop deck with views toward the DC skyline. Both units feature quartz countertops, stainless-steel appliances, engineered hardwood flooring, recessed lighting, and efficient mechanical systems. One designated area in the lower unit permits limited flooring and bathroom customization, while the remaining spaces are finished and move-in ready.
The property is located at 2503 Burns Street SE in Washington, DC, approximately 1 mile from Potomac Ave Metro. The location also provides access to Navy Yard, Capitol Hill, and major redevelopment activity, including the upcoming Commanders Stadium. The property is zoned R and is exempt from rent control.
The property is located at 2503 Burns Street SE in Washington, DC, approximately 1 mile from Potomac Ave Metro. The location also provides access to Navy Yard, Capitol Hill, and major redevelopment activity, including the upcoming Commanders Stadium. The property is zoned R and is exempt from rent control.
Key Highlights
- Two fully independent duplex units without condo or HOA fees
- Lower unit has 2 bedrooms, 2 baths, and private backyard access
- Upper unit includes 3 bedrooms, 3 baths, three finished levels, and a rooftop deck
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
$45,787
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
5.09%
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%
$915,740
$915.7K
Cap Rate 7%
$654,100
$654.1K
Cap Rate 9%
$508,744
$508.7K
Market Conditions
NOI Build-Up for 2,591 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
$70.0K $27.00/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$65.4K $25.25/SF
− OpEx
−$19.6K −$7.57/SF
NOI
$45.8K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
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%
$915,740
Cap Rate 7%
$654,100
Cap Rate 9%
$508,744
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$584.3K
$511.3K – $681.7K
NOI $40,903 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,642 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences combine flexible occupancy with updated finishes and private outdoor areas.
Where is this duplex located?
The property is located at 2503 Burns Street SE Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two fully independent duplex units without condo or HOA fees; Lower unit has 2 bedrooms, 2 baths, and private backyard access; Upper unit includes 3 bedrooms, 3 baths, three finished levels, and a rooftop deck
