323 Maryland Avenue NE Washington, DC 20002
Nearly 4,500 sq. ft. residential building with six individually titled units in Washington, DC’s Capitol Hill Historic District.
Property Features for 323 Maryland Avenue NE
General Information
- Standard status
- Active
- Size
- 4,420 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office TTR Sotheby's International Realty
Listing date Mar 30, 2026
Source Deepcreeklake
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Investment Insights
Based on property information with market context.
The building is located in the heart of Capitol Hill, just moments from the U.S. Capitol, Supreme Court, and House and Senate Office Buildings. Access to regional and daily transportation is supported by the property’s proximity to Union Station and nearby Metro, along with shopping and dining options.
This offering is best suited for buyers seeking a small-scale, multi-unit residential asset with multiple condo titles within a landmark district. The combination of historic exterior features, a basement level, and an apartment mix that includes both studios and one-bedroom units can support a practical operating strategy for a range of household types.
Key Highlights
- Nearly 4,500 sq. ft. residential building with six separately titled condominium units
- Unit mix: four 1‑bedroom residences and two studio apartments
- Contributing structure in Washington, DC’s Capitol Hill Historic District with exterior preserved per historic guidelines
Local Financial Insights For Apartment 5plus
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 | $145.9k | $33.00 |
| − Vacancy | −$9.0k | −$2.05 |
| EGI | $136.8k | $30.95 |
| − OpEx | −$61.6k | −$13.93 |
| NOI | $75.2k | $17.02 |
