Renovated Two-Unit
For Sale
$599,995
404 MELLON Street SE, Washington, DC 20032
Multi-Family, WASHINGTON, DC
Property Size2,812 SF
Lot Size0.09 Acres
Price / SF$213.37
Days on Market142
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Property Features for 404 MELLON Street SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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 Agency:
Pearson Smith Realty LLC
(571) 386-1075
Listed By:
Joseph Hai Nguyen · License #0225247806
(703) 543-9999
Added: May 27
Changed: Oct 14
Last Checked: Oct 15 at 4:06PM
MLS# DCDC2264382
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.
This brick duplex in Washington, DC, contains two residences, each with 3 bedrooms, 2 full bathrooms, and more than 1,400 finished square feet. The interiors have updated kitchens with quartz counters, white shaker cabinetry, and stainless steel appliances, alongside luxury vinyl plank flooring in living areas and new bedroom carpeting. Bathrooms have refreshed fixtures, and each unit includes a primary bedroom with a walk-in closet. The property totals 2,812 square feet on a 0.0899-acre lot.
Building improvements include a replacement roof completed in 2024, updated electrical wiring for both units, and a new HVAC system for the lower-level residence installed in 2024. Central heating and central air conditioning serve the property. Outdoor features include a backyard, with on-street parking available. The address is 404 Mellon Street SE, Washington, DC 20032.
Building improvements include a replacement roof completed in 2024, updated electrical wiring for both units, and a new HVAC system for the lower-level residence installed in 2024. Central heating and central air conditioning serve the property. Outdoor features include a backyard, with on-street parking available. The address is 404 Mellon Street SE, Washington, DC 20032.
Key Highlights
- Two units, each with 3 bedrooms, 2 full bathrooms, and over 1,400 finished square feet
- 2,812‑square‑foot brick duplex on a 0.0899‑acre lot
- Roof replaced in 2024
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
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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
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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 - Two refreshed residences combine substantial living space with updated kitchens, bathrooms, and major building systems.
Where is this duplex located?
The property is located at 404 MELLON Street 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 brick duplex on a 0.0899‑acre lot; Roof replaced in 2024
