Victorian Two-Unit
For Sale
$1,300,000
3517 10TH Street NW, Washington, DC 20010
Registered duplex with updated kitchens, flexible living arrangements, and a two-car rear parking pad.
Property Size3,304 SF
Price / SF$393.46
Days on Market22
Property Features for 3517 10TH Street NW
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1909
Listing Agency:
EXP Realty,LLC
Listed By:
LaLea D Swann
Source:
Deepcreeklake
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 26 at 9:38AM
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 EXP Realty,LLC
Investment Insights
Based on property information with market context.
Built in 1909, this registered duplex is arranged as two spacious residences across four levels. The upper unit includes an open main-level living and dining area, a modern kitchen with stainless steel appliances, granite counters, a center island, shaker cabinetry, and a half bath; the upper level adds two bedrooms with ensuite baths and laundry. The lower unit offers a comparable layout, with its kitchen, living and dining spaces above two bedrooms, two full baths, and a laundry area. A private ensuite serves the front primary bedroom.
The property also includes a two-car rear parking pad. It is positioned near shopping, restaurants, Metro, Howard University, and the Columbia Heights neighborhood. The existing two-unit configuration provides flexibility for continued separate occupancy or a return to single-family use.
The property also includes a two-car rear parking pad. It is positioned near shopping, restaurants, Metro, Howard University, and the Columbia Heights neighborhood. The existing two-unit configuration provides flexibility for continued separate occupancy or a return to single-family use.
Key Highlights
- Registered and currently configured as a 2‑unit property
- 3,304 square feet across four levels
- Built in 1909
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
$59,198
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
4.55%
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%
$1,183,960
$1.2M
Cap Rate 7%
$845,686
$845.7K
Cap Rate 9%
$657,756
$657.8K
Market Conditions
NOI Build-Up for 3,304 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
$89.2K $27.00/SF
− Vacancy
−$4.6K −$1.40/SF
EGI
$84.6K $25.60/SF
− OpEx
−$25.4K −$7.68/SF
NOI
$59.2K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,183,960
Cap Rate 7%
$845,686
Cap Rate 9%
$657,756
Alternative Uses
Best Use
Multifamily LT 5
$845.7K
$740.0K – $986.6K
NOI $59,198 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$784.3K
$686.2K – $915.0K
NOI $54,898 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,963 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
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 - Registered duplex with updated kitchens, flexible living arrangements, and a two-car rear parking pad.
Where is this duplex located?
The property is located at 3517 10TH Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Registered and currently configured as a 2‑unit property; 3,304 square feet across four levels; Built in 1909
