Contemporary Duplex Townhome with Rooftop
For Sale
$899,900
2503 BURNS Street SE, Washington, DC 20020
MULTI_FAMILY - Contemporary - WASHINGTON, DC
Property Size2,591 SF
Lot Size0.03 Acres
Price / SF$347.32
Days on Market159
Property Features for 2503 BURNS Street SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Parking features
On Street
Subdivision
HILLCREST
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,591 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6637
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2022
Number of units
2
Building materials
Combination, Composition, Frame, Mixed
Architectural style
Contemporary
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Lee Gochman
(631) 356-4276
Added: Mar 19
Changed: Jul 31
Last Checked: Aug 24 at 5:06AM
MLS# DCDC2232818
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 modern duplex townhome offers two fully independent units with no condo or HOA fees. The lower unit includes two bedrooms and two baths, with private backyard access. The upper unit features three bedrooms and three baths across three finished levels, highlighted by a rooftop deck with sweeping DC skyline views. The home is described as move-in ready aside from a noted under-construction status, with central heating and central air.
Built on a 0.0346-acre lot, the property totals 2,591 square feet. Interior finishes include quartz countertops, stainless-steel appliances, engineered hardwood floors, and recessed lighting, supported by efficient mechanical systems. Parking is available via on-street spaces.
The duplex is located about 1 mile from Potomac Ave Metro, with quick access to Navy Yard and Capitol Hill. The remarks also note proximity to major redevelopment, including the upcoming Commanders Stadium, and describe the setting within Southeast DC.
Built on a 0.0346-acre lot, the property totals 2,591 square feet. Interior finishes include quartz countertops, stainless-steel appliances, engineered hardwood floors, and recessed lighting, supported by efficient mechanical systems. Parking is available via on-street spaces.
The duplex is located about 1 mile from Potomac Ave Metro, with quick access to Navy Yard and Capitol Hill. The remarks also note proximity to major redevelopment, including the upcoming Commanders Stadium, and describe the setting within Southeast DC.
Key Highlights
- Rooftop deck with sweeping DC skyline views on the upper three‑bedroom unit
- Two fully independent units with no condo or HOA fees
- Lower unit: 2 beds and 2 baths plus private backyard access
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
669
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex townhome with two independent units, central HVAC, and a rooftop deck, plus private backyard access for the lower unit.
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: Rooftop deck with sweeping DC skyline views on the upper three‑bedroom unit; Two fully independent units with no condo or HOA fees; Lower unit: 2 beds and 2 baths plus private backyard access
