Historic Residence with Basement
318 Maryland Avenue NE Washington, DC 20002
318 Maryland Avenue NE, Washington, DC, 20002
$1,900,000
For Sale
$1,900,000
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 Market102
Property Features for 318 Maryland Avenue NE
General Information
- Standard status
- Active
- Size
- 5,240 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Congressional Commercial,LLC
(202) 215-6095
Listed by
Langdon D Hample
Source
Deepcreeklake
Added: Apr 11 Updated: Jul 21 at 7:29AM Checked: Jul 21 at 7:29AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $28.80 |
| − Vacancy | −$8.3k | −$1.58 |
| EGI | $142.6k | $27.22 |
| − OpEx | −$42.8k | −$8.16 |
| NOI | $99.8k | $19.05 |
5,240 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
