Historic Duplex with Central
331 E Street Northeast Washington, DC 20002
For Sale
$875,000
Two 1-bed, 1-bath units feature individual gas and electric metering and central air, with basement laundry and on-street parking.
Property Size2,104 SF
Price / SF$415.87
Days on Market82
Property Features for 331 E Street Northeast
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1890
Listing Agency:
Keller Williams Capital Properties
(703) 297-2730
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Source:
Compass
Added: May 10
Changed: Jul 22
Last Checked: Jul 29 at 12:30PM
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
Investment Insights
Based on property information with market context.
Rarely available historic duplex featuring two individually metered 1-bedroom, 1-bath units. Each unit has central air, upgraded kitchens and baths, and solid hardwood flooring. There is a dedicated laundry room in the basement, and parking is available on-street with no alley access.
The property is located in Washington, DC, within city limits, near Stanton Park and within walking distance of Whole Foods, the H Street Corridor, and Union Station.
Unit 1 is currently leased, while Unit 2 is vacant and ready for an owner-occupant.
The property is located in Washington, DC, within city limits, near Stanton Park and within walking distance of Whole Foods, the H Street Corridor, and Union Station.
Unit 1 is currently leased, while Unit 2 is vacant and ready for an owner-occupant.
Key Highlights
- Duplex on Capitol Hill built in 1890 with two 1 bed / 1 bath units
- Unit 1 leased for $1,886/month; unit 2 is vacant and ready for owner‑occupancy
- Both units are individually metered for gas and electric
Financial Insights For Multifamily LT 5
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 | $60.6k | $28.80 |
| − Vacancy | −$3.3k | −$1.58 |
| EGI | $57.3k | $27.22 |
| − OpEx | −$17.2k | −$8.16 |
| NOI | $40.1k | $19.05 |
2,104 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two 1-bed, 1-bath units feature individual gas and electric metering and central air, with basement laundry and on-street parking.
Where is this duplex located?
The property is located at 331 E Street Northeast 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 two 1 bed / 1 bath units; Unit 1 leased for $1,886/month; unit 2 is vacant and ready for owner‑occupancy; Both units are individually metered for gas and electric
