404 MELLON Street SE Washington, DC 20032
MULTI_FAMILY - Other - WASHINGTON, DC
- Added:
- May 27, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 404 MELLON Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,812 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4990
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Joseph Hai Nguyen License #0225247806 (703) 543-9999
Listing office Pearson Smith Realty LLC 7051 Heathcote Village Way unit: 240, Ashburn, DC (571) 386-1075
Listing date May 27, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 404 Mellon Street SE, Washington, DC 20032, the property sits on a lot of 0.0899 acres and offers a large backyard. Ample street parking is also available. The home is described as conveniently positioned with commute access to Nationals Park and Navy Yard (about 10 minutes), The Wharf (about 15 minutes), and MGM National Harbor (about 20 minutes).
This layout supports either owner-occupancy with rental income or a straightforward two-unit investment strategy. With extensive interior updates and multiple system replacements completed in 2024, the duplex is presented as move-in ready for tenants or an owner seeking a turnkey setup.
Key Highlights
- Multifamily home built in 1943 with brick exterior, central heating, and central air
- 2 units, each with 3 bedrooms and 2 full bathrooms and over 1,400 finished SF per unit
- Extensive interior updates: new white shaker cabinets (soft‑close), quartz countertops, and stainless steel appliances in both units
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 | $75.9k | $27.00 |
| − Vacancy | −$3.9k | −$1.40 |
| EGI | $72.0k | $25.60 |
| − OpEx | −$21.6k | −$7.68 |
| NOI | $50.4k | $17.92 |
