404 Mellon Street Southeast, Washington, DC 20032
Remodeled two-unit multifamily with modern finishes, updated systems, and a large backyard in Washington, DC.
- 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
Listing agent Joseph Hai Nguyen License #0225247806 (703) 543-9999
Listing office Pearson Smith Realty LLC (703) 543-9999
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
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 |
Alternative Uses
Current Use by Public Records
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.0016653
- Latitude
- 38.8485717