Two-Unit
For Sale
$405,000
3837 1ST ST SE, Washington, DC 20032
Vacant duplex with side access serving the one-bedroom unit.
Property Size1,864 SF
Price / SF$217.27
Days on Market51
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Property Features for 3837 1ST ST SE
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Listing Agency:
CJ Real Estate Solutions, LLC
(301) 352-5400
Listed By:
Christine Jackson
(301) 661-3740
Source:
Imanirealtors
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 14 at 10:22PM
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 CJ Real Estate Solutions, LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units with distinct configurations: one offers 1 bedroom and 1 bath, while the other provides 3 bedrooms and 2 baths. The building encompasses 1,864 square feet and is currently vacant, allowing immediate possession for a new owner.
The one-bedroom residence is entered from the side of the building. The property is located at 3837 1ST ST SE in Washington, DC 20032. An adjoining building is also being offered for sale, with the option to consider a separate transaction.
The one-bedroom residence is entered from the side of the building. The property is located at 3837 1ST ST SE in Washington, DC 20032. An adjoining building is also being offered for sale, with the option to consider a separate transaction.
Key Highlights
- Two‑unit duplex with 1,864 square feet
- Unit mix includes 1‑bedroom, 1‑bath and 3‑bedroom, 2‑bath residences
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,398
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,960
$668.0K
Cap Rate 7%
$477,114
$477.1K
Cap Rate 9%
$371,089
$371.1K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$50.3K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.7K $25.60/SF
− OpEx
−$14.3K −$7.68/SF
NOI
$33.4K $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 Rate 5%
$667,960
Cap Rate 7%
$477,114
Cap Rate 9%
$371,089
Alternative Uses
Best Use
Multifamily LT 5
$477.1K
$417.5K – $556.6K
NOI $33,398 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,971 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$958.8K
$838.9K – $1.12M
NOI $67,115 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with side access serving the one-bedroom unit.
Where is this duplex located?
The property is located at 3837 1ST ST SE Washington, DC.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,864 square feet; Unit mix includes 1‑bedroom, 1‑bath and 3‑bedroom, 2‑bath residences; Currently vacant
