Two-Unit Residential Income
341 54th Street Northeast Washington, DC 20019
341 54th Street Northeast, Washington, DC, 20019
$475,000
For Sale
$475,000
Duplex with one vacant one-bedroom unit and an occupied two-level unit with three bedrooms and two full baths.
Property Size1,667 SF
Price / SF$284.94
Days on Market185
Property Features for 341 54th Street Northeast
General Information
- Standard status
- Active
- Size
- 1,667 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1951
Listing agency
RE/MAX Allegiance
(202) 213-9343
Listed by
THOMAS BARTLEY · License #SP98371510
(202) 213-9343
Source
Compass
Added: Jan 18 Updated: Jul 21 at 1:17AM Checked: Jul 21 at 6:39AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This two-unit residential income building includes one vacant unit and one occupied unit. The vacant unit features one bedroom and one full bath and is the only unit available for showings. The upper unit is occupied, spans two levels, and provides three bedrooms and two full baths. Access to the occupied unit is available only after a ratified contract.
Tenants pay their own utilities. Convenient street parking is available, and additional parking is located at the rear of the property.
The property is offered for sale as a duplex/2-unit residential income asset with rental flexibility, including a clearly defined showing arrangement tied to occupancy status.
Tenants pay their own utilities. Convenient street parking is available, and additional parking is located at the rear of the property.
The property is offered for sale as a duplex/2-unit residential income asset with rental flexibility, including a clearly defined showing arrangement tied to occupancy status.
Key Highlights
- Two‑unit duplex in Northeast Washington, DC: 1 vacant 1‑bedroom, 1 occupied two‑level unit
- Vacant unit: 1 bedroom and 1 full bath, available for showings (only unit currently available to view)
- Occupied unit: two levels with 3 bedrooms and 2 full baths; rent is $2,787/month and current
Local 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 | $49.0k | $29.40 |
| − Vacancy | −$3.0k | −$1.82 |
| EGI | $46.0k | $27.58 |
| − OpEx | −$13.8k | −$8.27 |
| NOI | $32.2k | $19.30 |
1,667 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.7K
$402.3K – $536.3K
NOI $32,180 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$410.7K
$359.4K – $479.2K
NOI $28,751 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$895.8K
$783.8K – $1.05M
NOI $62,707 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with one vacant one-bedroom unit and an occupied two-level unit with three bedrooms and two full baths.
Where is this duplex located?
The property is located at 341 54th Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex in Northeast Washington, DC: 1 vacant 1‑bedroom, 1 occupied two‑level unit; Vacant unit: 1 bedroom and 1 full bath, available for showings (only unit currently available to view); Occupied unit: two levels with 3 bedrooms and 2 full baths; rent is $2,787/month and current
