Mixed-Use Duplex with Rear Alley
For Sale
$985,000
2913 Georgia Ave NW, Washington, DC 20001
Vacant duplex with two separate units, rear-alley entrance, and two kitchens for flexible owner-occupy or rental use.
Property Size1,848 SF
Price / SF$533.01
Days on Market149
Property Features for 2913 Georgia Ave NW
General Information
Standard status
Active
Size
1,848 SF
Zoning
MU-4
Site & Location
Neighborhood
Pleasant Plains
Building Details
Year Built
1907
Listing Agency:
Thompson Premier Homes Group.
Listed By:
Eboneese M. Thompson
(240) 480-1616
Source:
Kandorre
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 7 at 12:57PM
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 Thompson Premier Homes Group.
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Investment Insights
Based on property information with market context.
This vacant mixed-use duplex is currently configured as two separate living units. The upper-level unit offers four bedrooms and two full bathrooms, while the lower-level unit provides a private one-bedroom, one-bath layout with its own entrance from the rear alley. The property includes two full kitchens, supporting flexibility for owner-occupancy, rental arrangements, or redevelopment planning.
The building is located along the Georgia Avenue NW corridor in Washington, DC, near Howard University and Howard University Hospital. The area is described as a vibrant mixed-use community with nearby restaurants, cafés, retail shops, neighborhood services, entertainment venues, and educational institutions, along with access to public transportation and parks.
From a tenant and user perspective, the two-kitchen, two-unit setup can accommodate multiple occupancy strategies, including workforce housing or a live-in arrangement with an additional unit. For buyers and developers, the property’s MU-4 zoning designation introduces options for residential, mixed-use, or commercial redevelopment, subject to applicable zoning requirements and approvals. Rear alley access and the potential for off-street parking are practical considerations for future planning. The property is offered for sale strictly as-is and is currently vacant.
The building is located along the Georgia Avenue NW corridor in Washington, DC, near Howard University and Howard University Hospital. The area is described as a vibrant mixed-use community with nearby restaurants, cafés, retail shops, neighborhood services, entertainment venues, and educational institutions, along with access to public transportation and parks.
From a tenant and user perspective, the two-kitchen, two-unit setup can accommodate multiple occupancy strategies, including workforce housing or a live-in arrangement with an additional unit. For buyers and developers, the property’s MU-4 zoning designation introduces options for residential, mixed-use, or commercial redevelopment, subject to applicable zoning requirements and approvals. Rear alley access and the potential for off-street parking are practical considerations for future planning. The property is offered for sale strictly as-is and is currently vacant.
Key Highlights
- Vacant mixed‑use property at 2913 Georgia Avenue NW, configured as two separate units with rear alley access
- Approximately 2,200 SF with two full kitchens, offering flexibility for rental income, owner‑occupancy, or redevelopment
- Upper‑level duplex: 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,111
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,220
$662.2K
Cap Rate 7%
$473,014
$473.0K
Cap Rate 9%
$367,900
$367.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$49.9K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.3K $25.60/SF
− OpEx
−$14.2K −$7.68/SF
NOI
$33.1K $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 Rate 5%
$662,220
Cap Rate 7%
$473,014
Cap Rate 9%
$367,900
Alternative Uses
Best Use
Multifamily LT 5
$473.0K
$413.9K – $551.9K
NOI $33,111 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.8K
NOI $30,705 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$950.6K
$831.7K – $1.11M
NOI $66,539 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,241
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with two separate units, rear-alley entrance, and two kitchens for flexible owner-occupy or rental use.
Where is this duplex located?
The property is located at 2913 Georgia Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Vacant mixed‑use property at 2913 Georgia Avenue NW, configured as two separate units with rear alley access; Approximately 2,200 SF with two full kitchens, offering flexibility for rental income, owner‑occupancy, or redevelopment; Upper‑level duplex: 4 bedrooms and 2 full bathrooms
