Renovated Duplex with Separate
For Sale
$1,175,000
3151 NEWTON STREET NE, Washington, DC 20018
Renovated duplex includes a fully gated exterior and a separate apartment with its own entrance and kitchen.
Property Size3,586 SF
Days on Market38
Property Features for 3151 NEWTON STREET NE
General Information
Standard status
Active
Size
3,586 SF
Property subtype
Duplex
Building Details
Building Size
3,586 SF
Year Built
1923
Buildings
1
Listing Agency:
Keller Williams Capital Properties
(202) 210-8558
Listed By:
Yves Jean Baptiste · License #674819
(202) 210-8558
Source:
Barnesrealestatecompany
Added: Jul 7
Changed: Jul 30
Last Checked: Aug 12 at 2:24PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
Renovated duplex offering multiple living areas across several levels, including a chef-inspired kitchen with an oversized island that opens to a spacious family room and designated dining area. The main level also includes a formal living room and flows to an expansive rear porch overlooking a wraparound backyard. Upstairs, there are three bedrooms, with the primary suite featuring an ensuite bathroom with double vanity, a soaking tub inside a glass-enclosed shower, and a walk-in closet. A second bedroom has its own ensuite bathroom and walk-in closet, while the third bedroom is paired with a full hall bathroom, plus an upper-level washer and dryer.
The third level provides elevated bonus space with a full bathroom featuring a glass-enclosed shower, a walk-in closet, and direct access to a private rooftop-style balcony with backyard views. The lower level adds additional entertainment space, another full bathroom, and a second washer and dryer. Also on the lower level is a fully separate apartment with its own entrance, including a full kitchen (stove, dishwasher, and microwave), a bedroom, a full bathroom, living space, and a breakfast nook.
The fully gated exterior includes a private driveway accessed through a secure rear gate and ample parking. Built in 1923, the property is designed for flexibility, supporting extended living arrangements and household privacy.
The third level provides elevated bonus space with a full bathroom featuring a glass-enclosed shower, a walk-in closet, and direct access to a private rooftop-style balcony with backyard views. The lower level adds additional entertainment space, another full bathroom, and a second washer and dryer. Also on the lower level is a fully separate apartment with its own entrance, including a full kitchen (stove, dishwasher, and microwave), a bedroom, a full bathroom, living space, and a breakfast nook.
The fully gated exterior includes a private driveway accessed through a secure rear gate and ample parking. Built in 1923, the property is designed for flexibility, supporting extended living arrangements and household privacy.
Key Highlights
- Renovated duplex with multiple living areas across main, upper, third, and lower levels
- Separate apartment with its own entrance includes a full kitchen, bedroom, full bathroom, living space, and breakfast nook
- Primary suite includes double vanity and ensuite bath with soaking tub inside a glass‑enclosed shower
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
$64,251
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
5.47%
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%
$1,285,020
$1.3M
Cap Rate 7%
$917,871
$917.9K
Cap Rate 9%
$713,900
$713.9K
Market Conditions
NOI Build-Up for 3,586 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
$96.8K $27.00/SF
− Vacancy
−$5.0K −$1.40/SF
EGI
$91.8K $25.60/SF
− OpEx
−$27.5K −$7.68/SF
NOI
$64.3K $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%
$1,285,020
Cap Rate 7%
$917,871
Cap Rate 9%
$713,900
Alternative Uses
Best Use
Multifamily LT 5
$917.9K
$803.1K – $1.07M
NOI $64,251 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$851.2K
$744.8K – $993.1K
NOI $59,583 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,117 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
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 - Renovated duplex includes a fully gated exterior and a separate apartment with its own entrance and kitchen.
Where is this duplex located?
The property is located at 3151 NEWTON STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Renovated duplex with multiple living areas across main, upper, third, and lower levels; Separate apartment with its own entrance includes a full kitchen, bedroom, full bathroom, living space, and breakfast nook; Primary suite includes double vanity and ensuite bath with soaking tub inside a glass‑enclosed shower
