Two-Unit Historic
For Sale
$850,000
331 E St NE, Washington, DC 20002
Two individually metered residences feature updated interiors, central air, and basement laundry facilities.
Property Size2,104 SF
Price / SF$403.99
Days on Market53
Property Features for 331 E St NE
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Trinidad
Building Details
Year Built
1890
Listing Agency:
Keller Williams Capital Properties
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Source:
Gklegacygroup
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 11 at 1:12PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
Built in 1890, this 2,104-square-foot duplex contains two 1-bedroom, 1-bath residences. Each unit has its own central air system, upgraded kitchen and bathroom finishes, and hardwood floors. Gas and electric service are individually metered, while a shared laundry room is located in the basement. One unit is leased, and the second is vacant for an owner-occupant.
The property is located at 331 E St NE in Washington, DC, with on-street parking and no alley access. Walk Score, Transit Score, and Bike Score are 96, 89, and 96, respectively. Whole Foods and the H Street Corridor are 0.4mi away, Union Station is 0.4mi away, and Stanton Park is 0.2mi away.
The property is located at 331 E St NE in Washington, DC, with on-street parking and no alley access. Walk Score, Transit Score, and Bike Score are 96, 89, and 96, respectively. Whole Foods and the H Street Corridor are 0.4mi away, Union Station is 0.4mi away, and Stanton Park is 0.2mi away.
Key Highlights
- 2,104‑square‑foot duplex built in 1890
- Two 1‑bedroom, 1‑bath units
- Individual gas and electric metering for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,084
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,680
$801.7K
Cap Rate 7%
$572,629
$572.6K
Cap Rate 9%
$445,378
$445.4K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$60.6K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$57.3K $27.22/SF
− OpEx
−$17.2K −$8.16/SF
NOI
$40.1K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,680
Cap Rate 7%
$572,629
Cap Rate 9%
$445,378
Alternative Uses
Best Use
Multifamily LT 5
$572.6K
$501.1K – $668.1K
NOI $40,084 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$511.7K
$447.8K – $597.0K
NOI $35,820 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two individually metered residences feature updated interiors, central air, and basement laundry facilities.
Where is this duplex located?
The property is located at 331 E St NE Washington, DC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,104‑square‑foot duplex built in 1890; Two 1‑bedroom, 1‑bath units; Individual gas and electric metering for each unit
