Victorian Brick
For Sale
$1,999,000
251 8TH Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,226 SF
Lot Size0.01 Acres
Price / SF$619.65
Days on Market8
Property Features for 251 8TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking features
Driveway, Off Street
Interior features
2nd Kitchen, Combination Kitchen/Dining, Dining Area, Double/Dual Staircase, Kitchen - Eat-In, Kitchenette, Primary Bedroom - Bay Front, Recessed Lighting, Walk-in Closet(s), Window Treatments
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Washer
Subdivision
CAPITOL HILL
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
3,226 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
14999
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
private gated terrace
Building Details
Year built
1880
Number of units
2
Building materials
Brick
Architectural style
Victorian
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Added: Sep 29
Changed: Oct 5
Last Checked: Oct 6 at 1:06AM
MLS# DCDC2285592
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 3,226-square-foot Victorian brick duplex dates to 1880 and contains two residences, each with its own entrance. Both have open living and dining areas, two bedrooms and two bathrooms on the upper level, plus finished studio-style space on the lower level with a separate entrance. Interior details include high ceilings, hardwood floors and natural light, alongside updated finishes. A gated terrace and secure, heated off-street parking for multiple vehicles add outdoor and parking amenities.
The property occupies a corner at 8th and C Streets NE in Washington, DC. Eastern Market, Barracks Row, Lincoln Park, Metro, restaurants and shops are identified as nearby destinations. MU-4 zoning allows consideration of 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 Washington, DC. Eastern Market, Barracks Row, Lincoln Park, Metro, restaurants and shops are identified as nearby destinations. MU-4 zoning allows consideration of non-residential and lodging uses, including short-term lodging, subject to applicable licensing, permitting and regulatory requirements.
Key Highlights
- Two residences in a 3,226‑square‑foot building
- Each residence has two bedrooms, two bathrooms, and finished lower‑level studio space
- MU‑4 zoning; non‑residential and lodging uses are subject to 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
Lease Details
2
Residential units
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 - MU-4 zoning accompanies two separately entered residences with finished lower-level studio space.
Where is this duplex located?
The property is located at 251 8TH Street 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 in a 3,226‑square‑foot building; Each residence has two bedrooms, two bathrooms, and finished lower‑level studio space; MU‑4 zoning; non‑residential and lodging uses are subject to regulatory requirements
