Victorian Two-Unit
For Sale
$1,049,000
2801 11TH STREET NW, Washington, DC 20001
Corner property with updated kitchens, in-unit laundry, hardwood floors, and shared outdoor and garage space.
Property Size2,473 SF
Days on Market13
Property Features for 2801 11TH STREET NW
General Information
Standard status
Active
Size
2,473 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,124
Amenities
hardwood floors
updated kitchens
quartz counters
newer windows
deck
in-unit washer/dryer
wet bar
garage
Building Details
Building Size
2,473 SF
Year Built
1907
Buildings
1
Construction
Victorian
Listing Agency:
TTR Sotheby's International Realty
(301) 807-8845
Listed By:
Graciela H Haim · License #SP98416
(301) 807-8845
Source:
Barnesrealestatecompany
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 26 at 1:57PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1907 Victorian duplex at 2801 11TH STREET NW is configured for two residential units under a two-unit certificate of occupancy. Unit #1 includes 4 bedrooms, 2 baths, in-unit washer and dryer, and a lower-level wet bar. Unit #2 offers 2 bedrooms, 1 bath, and its own washer and dryer. Both units feature hardwood floors, updated kitchens with quartz counters, and newer windows, while a newer deck is shared by both residences.
Gas and electricity are separately metered for each unit, with water remaining on a shared meter. The property also includes a garage suitable for shared bike storage. Nearby destinations identified for the property include Metro, Howard University, Washington Hospital Center, Children’s Hospital, restaurants, and shopping, with bus service at the property.
Gas and electricity are separately metered for each unit, with water remaining on a shared meter. The property also includes a garage suitable for shared bike storage. Nearby destinations identified for the property include Metro, Howard University, Washington Hospital Center, Children’s Hospital, restaurants, and shopping, with bus service at the property.
Key Highlights
- Two‑unit certificate of occupancy in a 1907 Victorian duplex
- Unit #1: 4 bedrooms, 2 baths, in‑unit W/D, and lower‑level wet bar
- Unit #2: 2 bedrooms, 1 bath, and in‑unit W/D
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
$44,309
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
4.22%
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%
$886,180
$886.2K
Cap Rate 7%
$632,986
$633.0K
Cap Rate 9%
$492,322
$492.3K
Market Conditions
NOI Build-Up for 2,473 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
$66.8K $27.00/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$63.3K $25.60/SF
− OpEx
−$19.0K −$7.68/SF
NOI
$44.3K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
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%
$886,180
Cap Rate 7%
$632,986
Cap Rate 9%
$492,322
Alternative Uses
Best Use
Multifamily LT 5
$633.0K
$553.9K – $738.5K
NOI $44,309 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$587.0K
$513.6K – $684.8K
NOI $41,090 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,042 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
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 - Corner property with updated kitchens, in-unit laundry, hardwood floors, and shared outdoor and garage space.
Where is this duplex located?
The property is located at 2801 11TH STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑unit certificate of occupancy in a 1907 Victorian duplex; Unit #1: 4 bedrooms, 2 baths, in‑unit W/D, and lower‑level wet bar; Unit #2: 2 bedrooms, 1 bath, and in‑unit W/D
