Two-Unit Residential Income
For Sale
$680,000
43 U Street NE, Washington, DC 20002
Two-unit building with separate utilities, featuring a 3-bedroom unit and an additional 1-bedroom corner townhome setup.
Property Size2,293 SF
Price / SF$324.27
Days on Market184
Property Features for 43 U Street NE
General Information
Standard status
Active
Size
2,293 SF
Property subtype
Multi-Family
Zoning
5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,968
Amenities
Natural Gas
Yes
No
3
Assessor
No Pool
Public
0.02
Driveway
Slab
405300.00
Estimated
Building Details
Building Size
2,293 SF
Year Built
1905
Listing Agency:
Keller Williams Flagship
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Mar 15
Changed: Sep 13
Last Checked: Sep 13 at 5:14AM
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 Keller Williams Flagship
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,950
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$799,000
$799.0K
Cap Rate 7%
$570,714
$570.7K
Cap Rate 9%
$443,889
$443.9K
Market Conditions
NOI Build-Up for 2,097 SF
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.
Gross rent
$60.4K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$57.1K $27.22/SF
− OpEx
−$17.1K −$8.16/SF
NOI
$40.0K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$799,000
Cap Rate 7%
$570,714
Cap Rate 9%
$443,889
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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
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Frequently Asked Questions
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)
