Renovated Two-Unit
New
For Sale
$599,995
404 Mellon St SE, Washington, DC 20032
Separate residences feature three bedrooms, two bathrooms, refreshed kitchens, and primary bedrooms with walk-in closets.
Property Size2,812 SF
Price / SF$213.37
Days on Market6
Property Features for 404 Mellon St SE
General Information
Standard status
Active
Size
2,812 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1943
Buildings
1
Listing Agency:
Pearson Smith Realty LLC
Listed By:
Joseph Hai Nguyen · License #0225247806
(703) 543-9999
Source:
Viewmarylandhomesforsale
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 16 at 2:25PM
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 Pearson Smith Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,812-square-foot duplex contains two residences, each with more than 1,400 finished square feet, three bedrooms, and two full bathrooms. Both kitchens have white shaker cabinetry, quartz counters, and stainless steel appliances. Luxury vinyl plank flooring covers the living areas, with new carpeting in the bedrooms. The primary bedroom in each unit includes a walk-in closet. Bathrooms have updated vanities, toilets, and mirrors, with reglazed tubs; interiors and exteriors have been repainted.
Building improvements include a replacement roof completed in 2024, upgraded electrical wiring serving both units, and a new electrical meter box. The lower-level unit received a new HVAC system in 2024. Outdoor features include a large backyard, and street parking is available.
The property is in the DC metro area, approximately 10 minutes from Nationals Park and Navy Yard, 15 minutes from The Wharf, and 20 minutes from MGM National Harbor.
Building improvements include a replacement roof completed in 2024, upgraded electrical wiring serving both units, and a new electrical meter box. The lower-level unit received a new HVAC system in 2024. Outdoor features include a large backyard, and street parking is available.
The property is in the DC metro area, approximately 10 minutes from Nationals Park and Navy Yard, 15 minutes from The Wharf, and 20 minutes from MGM National Harbor.
Key Highlights
- Two units, each with 3 bedrooms, 2 full bathrooms, and over 1,400 finished square feet
- 2,812‑square‑foot duplex
- Both kitchens feature white shaker cabinets, quartz countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,383
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,660
$1.0M
Cap Rate 7%
$719,757
$719.8K
Cap Rate 9%
$559,811
$559.8K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$75.9K $27.00/SF
− Vacancy
−$3.9K −$1.40/SF
EGI
$72.0K $25.60/SF
− OpEx
−$21.6K −$7.68/SF
NOI
$50.4K $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%
$1,007,660
Cap Rate 7%
$719,757
Cap Rate 9%
$559,811
Alternative Uses
Best Use
Multifamily LT 5
$719.8K
$629.8K – $839.7K
NOI $50,383 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$667.5K
$584.0K – $778.7K
NOI $46,723 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,248 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
563
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences feature three bedrooms, two bathrooms, refreshed kitchens, and primary bedrooms with walk-in closets.
Where is this duplex located?
The property is located at 404 Mellon St SE Washington, DC.
What is the asking price?
The asking price for this property is $599,995.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 full bathrooms, and over 1,400 finished square feet; 2,812‑square‑foot duplex; Both kitchens feature white shaker cabinets, quartz countertops, and stainless steel appliances
