Detached Residential Income
3477 HOLMEAD PLACE NW Washington, DC 20010
For Sale
$999,000
Detached Victorian home includes five-car parking and is zoned RF-1 for two units by right.
Property Size2,826 SF
Price / SF$353.50
Days on Market10
Property Features for 3477 HOLMEAD PLACE NW
General Information
Standard status
Active
Size
2,826 SF
Property subtype
Duplex
Building Details
Year Built
1905
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 646-5816
Listed By:
John J Dahill · License #578046
(301) 646-5816
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 29 at 5:24AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
A rare detached Victorian-style home with on-site five-car parking, offering income-property flexibility for a two-unit configuration. The property is zoned RF-1, allowing two units as a matter of right.
Set on a quiet, tree-lined street, the oversized lot provides room for potential expansion planning. The property’s interior layout and site specifics are not detailed in the provided information.
This offering presents an opportunity to create or optimize a two-unit residential setup within the existing zoning framework.
Set on a quiet, tree-lined street, the oversized lot provides room for potential expansion planning. The property’s interior layout and site specifics are not detailed in the provided information.
This offering presents an opportunity to create or optimize a two-unit residential setup within the existing zoning framework.
Key Highlights
- Detached Victorian home built in 1905
- Zoned RF‑1 and allows for two units as a matter‑of‑right
- Five‑car parking included
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 | $76.3k | $27.00 |
| − Vacancy | −$4.0k | −$1.40 |
| EGI | $72.3k | $25.60 |
| − OpEx | −$21.7k | −$7.68 |
| NOI | $50.6k | $17.92 |
2,826 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$723.3K
$632.9K – $843.9K
NOI $50,634 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$670.8K
$586.9K – $782.6K
NOI $46,955 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,752 @ 7.0% cap · market cap 10.19%
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 - Detached Victorian home includes five-car parking and is zoned RF-1 for two units by right.
Where is this duplex located?
The property is located at 3477 HOLMEAD PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Detached Victorian home built in 1905; Zoned RF‑1 and allows for two units as a matter‑of‑right; Five‑car parking included
