Capitol Hill Mixed-Use
329 8TH St NE Washington, DC 20002
For Sale
$3,750,000
State-of-the-art mixed-use property in a premier Capitol Hill setting.
Property Size5,000 SF
Price / SF$750
Days on Market97
Property Features for 329 8TH St NE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Compass
(202) 280-2060
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 1:08PM
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 Compass
Investment Insights
Based on property information with market context.
Located in Capitol Hill, this mixed-use property at 329 8th Street NE offers a blend of residential and commercial zoning. The semi-detached residence features approximately 5,000 square feet of living and working space with three exposures providing natural light. The property includes five bedrooms and 4.5 bathrooms, along with two-car off-street parking. Interior details include wide-plank white oak flooring, Porcelanosa tile, and bespoke finishes. The chef’s kitchen is designed for both intimate dinners and large-scale entertaining, equipped with premium appliances and a separate catering kitchen. The expansive lower level features a theater room, gym, and a private guest suite with its own entrance. The upper level includes a primary suite with a spa-inspired bath and energy-efficient systems. Additional bedroom suites and versatile living spaces offer options for personal comfort or professional use. The property is suitable for a Hill headquarters, diplomatic residence, or a modern home. The location offers a bike score of 99, a walk score of 91, and a transit score of 88.
Key Highlights
- Premier Capitol Hill location, steps from SCOTUS and the U.S. Capitol.
- Rare mixed‑use (MU‑4) zoning suitable for residential or commercial use.
- Approximately 5,000 sq ft of reimagined living and working space with bespoke finishes.
Financial Insights For Office B
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 | $280.8k | $56.16 |
| − Vacancy | −$58.4k | −$11.68 |
| EGI | $222.4k | $44.48 |
| − OpEx | −$55.6k | −$11.12 |
| NOI | $166.8k | $33.36 |
5,000 SF · lease $56.16/SF/yr · vacancy 20.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.78M
NOI $166,795 @ 7.0% cap · market cap 4.45%
Second Best
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,675 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,706 @ 7.0% cap · market cap 4.82%
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?
Mixed-use property - State-of-the-art mixed-use property in a premier Capitol Hill setting.
Where is this mixed-use property located?
The property is located at 329 8TH St NE Washington, DC.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Premier Capitol Hill location, steps from SCOTUS and the U.S. Capitol.; Rare mixed‑use (MU‑4) zoning suitable for residential or commercial use.; Approximately 5,000 sq ft of reimagined living and working space with bespoke finishes.
