Triplex with Rear Yard
For Sale
$419,000
323 54TH St NE, Washington, DC 20019
Three fully vacant one-bedroom units each offer rear access to a large backyard suited for off-street parking potential.
Property Size1,637 SF
Days on Market109
Property Features for 323 54TH St NE
General Information
Standard status
Active
Size
1,637 SF
Property subtype
Investment
Site & Location
Neighborhood
Northeast Boundary
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,996
Building Details
Building Size
1,637 SF
Year Built
1951
Units
3
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate
Listed By:
Rochelle K Frazier Gray
(202) 352-7264
Source:
Elliman
Added: Jul 12
Changed: Oct 25
Last Checked: Oct 28 at 10:02AM
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 Long & Foster Real Estate
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Investment Insights
Based on property information with market context.
This triplex offers three good-sized one-bedroom units, all fully vacant and available for immediate occupancy planning. The property includes a large rear yard with potential for off-street parking and outdoor entertaining space, and each unit has rear access to the yard.
The listing also notes walk score and transit score indicators, along with a somewhat walkable and good transit rating profile.
With all units currently vacant, the property can be configured to suit an owner-occupant strategy or leased as a multi-unit rental, depending on your tenant selection preferences.
The listing also notes walk score and transit score indicators, along with a somewhat walkable and good transit rating profile.
With all units currently vacant, the property can be configured to suit an owner-occupant strategy or leased as a multi-unit rental, depending on your tenant selection preferences.
Key Highlights
- Triplex built in 1951 offering three fully vacant 1‑bedroom units
- Each unit has rear access to a large backyard
- Rear yard offers potential for off‑street parking and outdoor entertaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,601
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
$632.0K
Cap Rate 7%
$451,443
$451.4K
Cap Rate 9%
$351,122
$351.1K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$48.1K $29.40/SF
− Vacancy
−$3.0K −$1.82/SF
EGI
$45.1K $27.58/SF
− OpEx
−$13.5K −$8.27/SF
NOI
$31.6K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
Cap Rate 7%
$451,443
Cap Rate 9%
$351,122
Alternative Uses
Best Use
Multifamily LT 5
$451.4K
$395.0K – $526.7K
NOI $31,601 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$403.3K
$352.9K – $470.6K
NOI $28,234 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$879.7K
$769.7K – $1.03M
NOI $61,578 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three fully vacant one-bedroom units each offer rear access to a large backyard suited for off-street parking potential.
Where is this triplex located?
The property is located at 323 54TH St NE Washington, DC.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Triplex built in 1951 offering three fully vacant 1‑bedroom units; Each unit has rear access to a large backyard; Rear yard offers potential for off‑street parking and outdoor entertaining
