Victorian Duplex with Central
For Sale
$875,000
331 E Street NE, Washington, DC 20002
MULTI_FAMILY - Victorian - WASHINGTON, DC
Property Size2,104 SF
Lot Size0.02 Acres
Price / SF$415.87
Days on Market56
Property Features for 331 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,104 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7932
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1890
Number of units
2
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: Jun 15
Last Checked: Aug 9 at 4:06AM
MLS# DCDC2268188
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.
An infrequently available Victorian-era duplex at 331 E Street NE in Washington, DC. The property contains two separate 1-bedroom, 1-bath units, each individually metered for gas and electric. Both units have central air, upgraded kitchens and baths, and solid hardwood flooring that reflects the building’s early 20th-century character. A basement laundry room supports everyday convenience, and the configuration is straightforward for residents who want their own separate living space under one roof.
The duplex is positioned for walkable city living, with a 96 walk score, 89 transit score, and 96 bike score reported for the area. It is described as approximately 0.4 miles from Whole Foods and the H Street Corridor, about 0.4 miles from Union Station, and roughly 0.2 miles from Stanton Park. Parking is on-street, and there is no alley access.
From an occupancy standpoint, Unit 2 is vacant and ready for an owner-occupant, while Unit 1 is currently leased. The separately metered utilities and independent unit layout make the property practical for an owner-operator or a buyer looking for a small, manageable income setup with clear separation between units.
The duplex is positioned for walkable city living, with a 96 walk score, 89 transit score, and 96 bike score reported for the area. It is described as approximately 0.4 miles from Whole Foods and the H Street Corridor, about 0.4 miles from Union Station, and roughly 0.2 miles from Stanton Park. Parking is on-street, and there is no alley access.
From an occupancy standpoint, Unit 2 is vacant and ready for an owner-occupant, while Unit 1 is currently leased. The separately metered utilities and independent unit layout make the property practical for an owner-operator or a buyer looking for a small, manageable income setup with clear separation between units.
Key Highlights
- Duplex on Capitol Hill built in 1890 with Victorian architecture and brick construction
- Both units are 1 bed / 1 bath with individual gas and electric meters
- Unit 1 leased for $1,886/month; unit 2 is vacant and ready for an owner‑occupant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,084
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.58%
Second Best
Apartment 5plus
$511.7K
$447.8K – $597.0K
NOI $35,820 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,052
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered 1-bedroom units, one vacant for owner-occupancy, with central air and basement laundry.
Where is this duplex located?
The property is located at 331 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Duplex on Capitol Hill built in 1890 with Victorian architecture and brick construction; Both units are 1 bed / 1 bath with individual gas and electric meters; Unit 1 leased for $1,886/month; unit 2 is vacant and ready for an owner‑occupant
