Duplex with Finished Lower
3536 Minnesota Avenue Southeast, Washington, DC 20019
Income-producing duplex near RFK Stadium with potential for additional unit.
Type:Multi-Family / Fee Simple
Property size:
2,375 SFPrice / SF:
$252/SF- Added:
- Oct 6, 2024
- Days on Market:
- 603
- Last Refresh:
- Mar 13 at 2:39 pm
Property Features for 3536 Minnesota Avenue Southeast
General Information
- Standard status
- Active
- Size
- 2,375 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1949
Listing agent Gwendolyn Epps-Childs License #679766 (202) 277-6853
Listing office Samson Properties (202) 277-6853
Listing date Oct 6, 2024
Source Compass
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 Samson Properties
HighLights
- Exceptional income‑producing duplex in a rapidly improving Southeast DC corridor.
- Value‑add opportunity with potential to convert finished lower level into an additional residential unit (subject to verification).
- New roof and shed installed in 2024, along with solar panels for energy efficiency and savings.
- Off‑street parking for at least 4 vehicles.
- Close proximity to RFK Stadium Redevelopment, grocery stores, parks, recreation centers, and public transportation (Metro bus and train lines).
- New heat pump and sewer pipe replacement in 2022.
Overview
This three-story property is recorded as a two-unit residential building (duplex) with a finished lower level, currently utilized as a Sanctuary, which may be converted to an additional residential unit subject to buyer verification of zoning, use, and permitting. The property is located minutes from the RFK Stadium Redevelopment and in close proximity to grocery stores, parks, recreation centers, Metro bus, and train lines. Property highlights include a new roof and shed installed in 2024, solar panels installed in 2024 for energy efficiency and long-term savings, a new heat pump and sewer pipe replacement in 2022, secure rear entrances, and off-street parking for at least 4 vehicles. Originally a well-maintained doctor’s building, the property offers flexible living and investment options for investors, house-hackers, or buyers seeking sweat equity. The property is being sold As-Is, providing buyers the opportunity to customize, reposition, or further improve to maximize returns. Buyers are encouraged to verify unit configuration and intended use. The property is located within city limits and has a size of 2375 square feet. Transportation options include a bus stop less than 1 mile away and a Metro/Subway Station 1 to 3 miles away. The property is located in Washington, DC, and is served by the DISTRICT OF COLUMBIA PUBLIC SCHOOLS school district. Schools include KIMBALL (WASHINGTON DC) Elementary School, SOUSA (WASHINGTON DC) Middle Or Junior School, and EASTERN SENIOR (WASHINGTON DC) High School.
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 | $69.8k | $29.40 |
| − Vacancy | −$4.3k | −$1.82 |
| EGI | $65.5k | $27.58 |
| − OpEx | −$19.6k | −$8.27 |
| NOI | $45.8k | $19.30 |
2,375 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$655.0K
$573.1K – $764.1K
NOI $45,847 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$585.2K
$512.0K – $682.7K
NOI $40,962 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,340 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9553116
- Latitude
- 38.8871556
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex near RFK Stadium with potential for additional unit.
Where is this duplex located?
The property is located at 3536 Minnesota Avenue Southeast Washington, DC.
What is the asking price?
The asking price for this property is $600,400.
What are key features of this property?
This property features: Exceptional income‑producing duplex in a rapidly improving Southeast DC corridor.; Value‑add opportunity with potential to convert finished lower level into an additional residential unit (subject to verification).; New roof and shed installed in 2024, along with solar panels for energy efficiency and savings.
