Updated Two-Unit Residential
32 BATES Street NW Washington, DC 20001
For Sale
Under Contract
$799,997
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size2,012 SF
Lot Size0.03 Acres
Price / SF$397.61
Days on Market56
Property Features for 32 BATES Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Standard status
Active Under Contract
Size
2,012 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6883
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1924
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Capital Properties
(202) 243-7700
Listed By:
Cedric R Stewart · License #SP98363005
(301) 251-1221
Added: Jun 5
Changed: Jul 17
Last Checked: Jul 30 at 7:06AM
MLS# DCDC2266742
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
32 Bates Street NW is an updated two-unit residential income property with Unit B on the main/walkout level and Unit A on the upper level. Each residence offers 2 bedrooms and 1 full bath, along with hardwood floors, stainless steel appliances, washer/dryer, and central air for year-round comfort. The full basement is accessed from inside each unit, and each portion also includes an additional half bath, providing separation and practical storage options.
The home sits on a small lot and includes a private backyard. The rear of the property may offer potential for off-street parking, consistent with other nearby properties. From Bates Street, the Shaw-Howard University Metro stop on the Green/Yellow Line is approximately 0.4 miles away, and the NoMa-Gallaudet/U-New York Ave Metro stop on the Red Line is approximately 0.6 miles away, with Metrobus service just steps away for convenient access throughout downtown Washington, DC.
This layout supports a range of owner and tenant scenarios, including living in one unit while renting the other, or leasing both units. One unit is projected to rent for approximately $2,000 per month. With two updated residences, divided basement access, central air, and in-unit laundry, the building is designed to accommodate multiple lifestyles and operating approaches while maintaining day-to-day usability.
The home sits on a small lot and includes a private backyard. The rear of the property may offer potential for off-street parking, consistent with other nearby properties. From Bates Street, the Shaw-Howard University Metro stop on the Green/Yellow Line is approximately 0.4 miles away, and the NoMa-Gallaudet/U-New York Ave Metro stop on the Red Line is approximately 0.6 miles away, with Metrobus service just steps away for convenient access throughout downtown Washington, DC.
This layout supports a range of owner and tenant scenarios, including living in one unit while renting the other, or leasing both units. One unit is projected to rent for approximately $2,000 per month. With two updated residences, divided basement access, central air, and in-unit laundry, the building is designed to accommodate multiple lifestyles and operating approaches while maintaining day-to-day usability.
Key Highlights
- Updated 1924 brick Colonial, offering an entire building as a 2‑unit property (Unit B main/walkout, Unit A upper level).
- Each unit features 2 bedrooms and 1 full bath, plus hardwood floors, stainless steel appliances, and an in‑unit washer/dryer.
- Both units have central heating and central air conditioning, with interior stair access to their own section of the full basement.
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 | $54.3k | $27.00 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $51.5k | $25.60 |
| − OpEx | −$15.4k | −$7.68 |
| NOI | $36.0k | $17.92 |
2,012 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.0K
$450.6K – $600.8K
NOI $36,049 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$477.6K
$417.9K – $557.2K
NOI $33,430 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.03M
$905.6K – $1.21M
NOI $72,444 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit building with in-unit laundry and central air, offering flexible living or rental use.
Where is this duplex located?
The property is located at 32 BATES Street NW Washington, DC.
What is the asking price?
The asking price for this property is $799,997.
What are key features of this property?
This property features: Updated 1924 brick Colonial, offering an entire building as a 2‑unit property (Unit B main/walkout, Unit A upper level).; Each unit features 2 bedrooms and 1 full bath, plus hardwood floors, stainless steel appliances, and an in‑unit washer/dryer.; Both units have central heating and central air conditioning, with interior stair access to their own section of the full basement.
