Two-Unit Residential Income
43 U Street NE Washington, DC 20002
For Sale
$680,000
Two-unit building with separate utilities, featuring a 3-bedroom unit and an additional 1-bedroom corner townhome setup.
Property Size2,097 SF
Price / SF$324.27
Days on Market134
Property Features for 43 U Street NE
General Information
- Standard status
- Active
- Size
- 2,097 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1905
Listing Agency:
RE/MAX Access
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Mar 15
Changed: Jul 21
Last Checked: Jul 26 at 3:46AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This two-unit residential income building offers two distinct living spaces with separate utilities for each unit. The upstairs unit is configured as a 3-bedroom home, while the other unit is described as a 1-bedroom corner townhome setup.
Located in the Eckington area of Washington, DC, the property is described as being in proximity to Logan Circle, Downtown, Mount Vernon Triangle, and City Center. The public remarks also note convenient commuter routes and proximity to transportation, with access to nearby shopping and grocery options.
The building’s practical layout includes two separate units designed to operate with independent utilities, supporting straightforward tenant management and operational flexibility.
Located in the Eckington area of Washington, DC, the property is described as being in proximity to Logan Circle, Downtown, Mount Vernon Triangle, and City Center. The public remarks also note convenient commuter routes and proximity to transportation, with access to nearby shopping and grocery options.
The building’s practical layout includes two separate units designed to operate with independent utilities, supporting straightforward tenant management and operational flexibility.
Key Highlights
- Two‑unit building in Washington, DC’s Eckington neighborhood: 3‑bedroom unit plus an additional 1‑bedroom corner townhome setup
- Each unit has separate utilities
- Natural gas heating and natural gas hot water, with central air (heating: yes; central air: yes)
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 | $60.4k | $28.80 |
| − Vacancy | −$3.3k | −$1.58 |
| EGI | $57.1k | $27.22 |
| − OpEx | −$17.1k | −$8.16 |
| NOI | $40.0k | $19.05 |
2,097 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$570.7K
$499.4K – $665.8K
NOI $39,950 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$510.0K
$446.3K – $595.0K
NOI $35,701 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.08M
$947.4K – $1.26M
NOI $75,788 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit building with separate utilities, featuring a 3-bedroom unit and an additional 1-bedroom corner townhome setup.
Where is this duplex located?
The property is located at 43 U Street NE Washington, DC.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑unit building in Washington, DC’s Eckington neighborhood: 3‑bedroom unit plus an additional 1‑bedroom corner townhome setup; Each unit has separate utilities; Natural gas heating and natural gas hot water, with central air (heating: yes; central air: yes)
