412 20th Street Northeast Washington, DC 20002
Exceptional, separately metered two-unit property, ideal for investors.
Property Features for 412 20th Street Northeast
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1941
Listing office Long & Foster Real Estate, Inc. (202) 256-7039
Listing date Mar 13, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Separately metered 2‑unit property, ideal for investors.
- Two 5‑bedroom, 2‑bath units, fully self‑contained with individual HVAC and hot water heaters.
- Currently 100% leased to Section 8 tenants, providing immediate rental income.
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 | $103.7k | $28.80 |
| − Vacancy | −$5.7k | −$1.58 |
| EGI | $98.0k | $27.22 |
| − OpEx | −$29.4k | −$8.16 |
| NOI | $68.6k | $19.05 |