Historic Residence with Basement
For Sale
$1,900,000
318 Maryland Avenue NE, Washington, DC 20002
Circa 1910 property with 4 bedrooms and 2.5 baths above grade plus a self-contained English basement unit.
Property Size5,240 SF
Price / SF$362.60
Days on Market301
Property Features for 318 Maryland Avenue NE
General Information
Standard status
Active
Size
5,240 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Neighborhood
Ft. Washington
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Stories
4
Tenancy
Multi
Listing Agency:
Congressional Commercial,LLC
Listed By:
Langdon D Hample
(202) 215-6095
Source:
Deepcreeklake
Added: Jan 1
Changed: Oct 28
Last Checked: Oct 28 at 9:11AM
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 Congressional Commercial,LLC
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Investment Insights
Based on property information with market context.
Offered for sale for the first time in nearly 55 years, 318 Maryland Avenue NE is a circa 1910 residence featuring income-producing flexibility and distinctive historic character. The upper three levels provide expansive living space with four bedrooms and 2.5 bathrooms above grade.
A fully self-contained English basement apartment adds an additional two bedrooms and one full bathroom, supporting multiple living arrangements and continued rental income. Outdoor space includes a large front yard and a shared patio area.
The property is currently configured and leased to multiple tenants. Inquiries can be directed to Congressional Commercial, LLC for additional information regarding tenancy, financial details, and sale terms.
A fully self-contained English basement apartment adds an additional two bedrooms and one full bathroom, supporting multiple living arrangements and continued rental income. Outdoor space includes a large front yard and a shared patio area.
The property is currently configured and leased to multiple tenants. Inquiries can be directed to Congressional Commercial, LLC for additional information regarding tenancy, financial details, and sale terms.
Key Highlights
- Circa 1910 Capitol Hill residence with four bedrooms and 2.5 bathrooms above grade
- Upper three levels offer expansive living space with period details and soaring ceilings
- Fully self‑contained English basement apartment with 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,828
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,560
$2.0M
Cap Rate 7%
$1,426,114
$1.4M
Cap Rate 9%
$1,109,200
$1.1M
Market Conditions
NOI Build-Up for 5,240 SF
Gross rent
$150.9K $28.80/SF
− Vacancy
−$8.3K −$1.58/SF
EGI
$142.6K $27.22/SF
− OpEx
−$42.8K −$8.16/SF
NOI
$99.8K $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%
$1,996,560
Cap Rate 7%
$1,426,114
Cap Rate 9%
$1,109,200
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,828 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.27M
$1.12M – $1.49M
NOI $89,209 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,379 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,416
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Circa 1910 property with 4 bedrooms and 2.5 baths above grade plus a self-contained English basement unit.
Where is this duplex located?
The property is located at 318 Maryland Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Circa 1910 Capitol Hill residence with four bedrooms and 2.5 bathrooms above grade; Upper three levels offer expansive living space with period details and soaring ceilings; Fully self‑contained English basement apartment with 2 bedrooms and 1 full bathroom
