Vacant Two-Unit Rowhome
For Sale
$1,075,000
Pending
3639 New Hampshire Avenue NW, Washington, DC 20010
Vacant two-unit rowhome with separate metering and Certificates of Occupancy, offering a primary unit plus a fully separate lower level.
Property Size3,306 SF
Days on Market153
Property Features for 3639 New Hampshire Avenue NW
General Information
Standard status
Pending
Size
3,306 SF
Property subtype
Contingent
Zoning
RF-1
Taxes and HOA fees
Annual Taxes
$67,075
Amenities
Daylight,Full,Front Entrance,Full,Fully Finished,Heated,Improved,Outside Entrance,Rear Entrance,Walkout Level,Windows
Electric
Yes
3
Estimated
1
No
No Pool
Corner,Landscaping,Level,Rear Yard,SideYard(s)
Public
0.04
On Street,Other
Brick/Mortar
Building Details
Building Size
3,306 SF
Year Built
1911
Listing Agency:
Keller Williams Main Line
(856) 222-0077
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Apr 9
Changed: Sep 7
Last Checked: Sep 7 at 6:17AM
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 Main Line
Investment Insights
Based on property information with market context.
This vacant two-unit rowhome duplex is prominently positioned on a corner lot at 3639 New Hampshire Avenue NW in Washington, DC. Both units are separately metered and come with Certificates of Occupancy. The upper/main residence is light-filled with three exposures and features 4 bedrooms and 3.5 baths, an open kitchen and dining area connected to a private living room, solid oak floors, a fireplace, and main-level laundry. Upstairs, the layout includes two primary suites with en-suite baths, plus two additional bedrooms and a full hall bath. A spacious composite deck supports outdoor living.
The lower level offers an approximately 1,100+ square-foot fully separate 2BR/2.5BA unit with its own complete kitchen, in-unit laundry, and an open, light-filled layout.
For parking, a nearby garage option is available about a 4-minute walk away, with monthly spaces offered.
The lower level offers an approximately 1,100+ square-foot fully separate 2BR/2.5BA unit with its own complete kitchen, in-unit laundry, and an open, light-filled layout.
For parking, a nearby garage option is available about a 4-minute walk away, with monthly spaces offered.
Key Highlights
- Vacant two‑unit DC rowhome with Certificates of Occupancy and separate metering
- Main residence: 4 bedrooms, 3.5 baths, solid oak floors, fireplace, main‑level laundry, and open kitchen/dining
- Upper level includes two primary suites with en‑suite baths, plus two additional bedrooms and a full hall bath
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
$56,403
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
5.25%
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%
$1,128,060
$1.1M
Cap Rate 7%
$805,757
$805.8K
Cap Rate 9%
$626,700
$626.7K
Market Conditions
NOI Build-Up for 3,148 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
$85.0K $27.00/SF
− Vacancy
−$4.4K −$1.40/SF
EGI
$80.6K $25.60/SF
− OpEx
−$24.2K −$7.68/SF
NOI
$56.4K $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%
$1,128,060
Cap Rate 7%
$805,757
Cap Rate 9%
$626,700
Alternative Uses
Best Use
Multifamily LT 5
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$747.2K
$653.8K – $871.8K
NOI $52,306 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,346 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,917
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 - Vacant two-unit rowhome with separate metering and Certificates of Occupancy, offering a primary unit plus a fully separate lower level.
Where is this duplex located?
The property is located at 3639 New Hampshire Avenue NW Washington, DC.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Vacant two‑unit DC rowhome with Certificates of Occupancy and separate metering; Main residence: 4 bedrooms, 3.5 baths, solid oak floors, fireplace, main‑level laundry, and open kitchen/dining; Upper level includes two primary suites with en‑suite baths, plus two additional bedrooms and a full hall bath
