Two-Unit Duplex with Basement
For Sale
$799,000
331 E Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,104 SF
Lot Size0.02 Acres
Price / SF$379.75
Days on Market123
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Property Features for 331 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Amenities
central air
upgraded kitchens and baths
hardwood flooring
laundry room
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
Changed: Oct 12
Last Checked: Oct 15 at 4:06PM
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.
This brick Victorian duplex contains two 1-bedroom, 1-bath residences, each with central air and separate gas and electric meters. Interior features include hardwood floors and updated kitchens and bathrooms. A laundry room is located in the basement. The building dates to 1890 and contains 2,104 square feet on a 0.016-acre lot.
The property is at 331 E Street NE in Washington, DC. Whole Foods and the H Street Corridor are 0.4 miles away, as is Union Station; Stanton Park is 0.2 miles away. On-street parking is available, and the property has no alley access. One residence is leased, while the other is vacant.
The property is at 331 E Street NE in Washington, DC. Whole Foods and the H Street Corridor are 0.4 miles away, as is Union Station; Stanton Park is 0.2 miles away. On-street parking is available, and the property has no alley access. One residence is leased, while the other is vacant.
Key Highlights
- Two 1‑bedroom, 1‑bath residences
- 2,104 square feet on a 0.016‑acre lot
- 1890 brick Victorian building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,084
Cap Rate
5.02%
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 5.02%
Second Best
Apartment 5plus
$511.7K
$447.8K – $597.0K
NOI $35,820 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has central air and separate gas and electric metering.
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 $799,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath residences; 2,104 square feet on a 0.016‑acre lot; 1890 brick Victorian building
