Historic Two-Residence
For Sale
$1,999,000
251 8TH St NE, Washington, DC 20002
Separate entrances and finished lower-level studio spaces distinguish the layout of each residence.
Property Size3,226 SF
Days on Market11
Property Features for 251 8TH St NE
General Information
Standard status
Active
Size
3,226 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$14,999
Building Details
Building Size
3,226 SF
Year Built
1880
Units
2
Listing Agency:
eXp Realty
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Elliman
Added: Sep 30
Last Checked: Oct 9 at 10:38PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This circa-1880 brick duplex comprises two residences, each with a private entrance, open living and dining areas, and two bedrooms and two bathrooms on the upper level. Each also has a finished studio-style lower level with its own entrance. Restoration work complements the building’s historic character, with high ceilings, hardwood floors, and natural light throughout. MU-4 zoning allows exploration of certain non-residential and lodging uses, including short-term lodging, subject to applicable licensing, permitting, and regulatory requirements.
The property occupies a corner at 8th and C Streets NE in Capitol Hill. Eastern Market, Barracks Row, Lincoln Park, Metro, restaurants, and shops are among the nearby destinations. A private gated terrace with heated flagstone provides outdoor space, and secure heated off-street parking accommodates multiple vehicles.
The property occupies a corner at 8th and C Streets NE in Capitol Hill. Eastern Market, Barracks Row, Lincoln Park, Metro, restaurants, and shops are among the nearby destinations. A private gated terrace with heated flagstone provides outdoor space, and secure heated off-street parking accommodates multiple vehicles.
Key Highlights
- Two residences, each with separate entrances
- Each residence has two bedrooms and two bathrooms upstairs, plus a finished lower‑level studio with its own entrance
- MU‑4 zoning; non‑residential and lodging uses, including short‑term lodging, are subject to licensing, permitting, and regulatory requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,459
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,180
$1.2M
Cap Rate 7%
$877,986
$878.0K
Cap Rate 9%
$682,878
$682.9K
Market Conditions
NOI Build-Up for 3,226 SF
Gross rent
$92.9K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.8K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.5K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,180
Cap Rate 7%
$877,986
Cap Rate 9%
$682,878
Alternative Uses
Best Use
Multifamily LT 5
$878.0K
$768.2K – $1.02M
NOI $61,459 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$784.6K
$686.5K – $915.4K
NOI $54,922 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,591 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,826
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate entrances and finished lower-level studio spaces distinguish the layout of each residence.
Where is this duplex located?
The property is located at 251 8TH St NE Washington, DC.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Two residences, each with separate entrances; Each residence has two bedrooms and two bathrooms upstairs, plus a finished lower‑level studio with its own entrance; MU‑4 zoning; non‑residential and lodging uses, including short‑term lodging, are subject to licensing, permitting, and regulatory requirements
