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    404 Mellon Street Southeast, Washington, DC 20032

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    For Sale
    $649,995

    Remodeled two-unit multifamily with modern finishes, updated systems, and a large backyard in Washington, DC.

    Type:Multi-Family / Fee Simple
    Property size:
    2,812 SF
    Price / SF:
    $231/SF
    Added:
    May 24, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 6 at 5:55 am

    Property Features for 404 Mellon Street Southeast

    General Information

    Standard status
    Active
    Size
    2,812 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1943

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    Listing Contact
    Joseph Hai Nguyen

    Listing agent Joseph Hai Nguyen License #0225247806

    Listing office Pearson Smith Realty LLC

    Listing date May 24, 2026

    Source Compass

    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

    HighLights

    • Remodeled two‑unit multifamily home (1943) in Washington, DC, in city limits
    • Each unit has 3 bedrooms and 2 full bathrooms with over 1,400 finished SF per unit
    • Both units feature brand‑new white shaker cabinets (soft‑close), quartz countertops, and stainless steel appliances
    • Major system updates include a brand‑new electrical meter box and upgraded wiring to both units
    • Freshly updated interiors with new lighting, outlets, switches, and luxury vinyl plank flooring in all living areas
    • Large backyard with ample street parking available

    Overview

    This remodeled two-unit multifamily property offers two spacious, separately appointed residences. Each unit includes 3 bedrooms and 2 full bathrooms, with finished living areas featuring brand-new white shaker cabinets with soft-close features, quartz countertops, and stainless steel appliances. Luxury vinyl plank flooring runs through the living areas, while bedrooms have new plush carpeting. Updates also include refreshed light fixtures, outlets, and switches, along with fully updated bathrooms featuring new vanities, toilets, mirrors, and professionally reglazed bathtubs. The layout provides a spacious primary bedroom with a walk-in closet in each unit. Major system improvements include a brand-new electrical meter box and upgraded wiring to both units, along with fresh interior and exterior paint throughout.

    The property is located in Washington, DC, within city limits, in the District of Columbia Public Schools system. Outside, there is a large backyard that can support outdoor use and entertaining, and ample street parking is available.

    With both units fully updated and designed for comfortable everyday living, the property suits buyers seeking an owner-occupied setup or investors looking for a manageable, move-in-ready income asset. The combination of modern interior finishes, refreshed bathrooms, and updated electrical infrastructure helps reduce near-term capital concerns while supporting long-term usability.

    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
    2,812 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $719.8K
    $629.8K – $839.7K (±1% cap)
    NOI $50,383 @ 7.0% cap · market cap 7.75%
    Second Best
    Apartment 5plus
    $667.5K
    $584.0K – $778.7K (±1% cap)
    NOI $46,723 @ 7.0% cap · market cap 7.19%
    Theoretical Best
    Office A
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,248 @ 7.0% cap · market cap 15.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0016653
    Latitude
    38.8485717

    FAQs

    What type of property is this?
    Duplex - Remodeled two-unit multifamily with modern finishes, updated systems, and a large backyard in Washington, DC.
    Where is this duplex located?
    The property is located at 404 Mellon Street Southeast Washington, DC.
    What is the asking price?
    The asking price for this property is $649,995.
    What are key features of this property?
    This property features: Remodeled two‑unit multifamily home (1943) in Washington, DC, in city limits; Each unit has 3 bedrooms and 2 full bathrooms with over 1,400 finished SF per unit; Both units feature brand‑new white shaker cabinets (soft‑close), quartz countertops, and stainless steel appliances
    More about this property
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