New Construction Two-Unit
For Sale
$794,000
4312 HAYES STREET NE, Washington, DC 20002
Separate utility metering and private garage parking support flexible owner-occupant or rental use.
Property Size3,218 SF
Days on Market35
Property Features for 4312 HAYES STREET NE
General Information
Standard status
Active
Size
3,218 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$375
Amenities
floor-to-ceiling windows
Juliette balcony
private entrance
washer/dryer
generous storage
Building Details
Building Size
3,218 SF
Year Built
2026
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
Redfin Corp
(703) 989-4903
Listed By:
Chelsea Lanise Traylor · License #SP98362569
(703) 989-4903
Source:
Barnesrealestatecompany
Added: Jul 24
Changed: Aug 20
Last Checked: Aug 26 at 1:05PM
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 Redfin Corp
Investment Insights
Based on property information with market context.
Completed in 2026, this new-construction duplex contains two separately metered residences with distinct entrances and flexible living arrangements. The upper unit offers 3 bedrooms and 3.5 bathrooms across a multi-level layout, including a main-level bedroom with an en suite bath, two additional bedroom suites, a primary retreat with two large closets and a Juliette balcony, and an upper-level laundry closet. Floor-to-ceiling and oversized windows bring natural light into the open living areas.
The lower residence provides 1 bedroom and 1 bathroom, a private entrance, full kitchen, separate washer and dryer, and substantial storage. Both units are supported by secure two-vehicle garage parking with remote-controlled access. The property is near Deanwood Metro Station, Marvin Gaye Park, Deanwood Recreation Center, and Deanwood Community Garden, with access to shopping, dining, Downtown Washington, DC, Capitol Hill, the H Street Corridor, Maryland, Route 50, I-295, and I-495.
The lower residence provides 1 bedroom and 1 bathroom, a private entrance, full kitchen, separate washer and dryer, and substantial storage. Both units are supported by secure two-vehicle garage parking with remote-controlled access. The property is near Deanwood Metro Station, Marvin Gaye Park, Deanwood Recreation Center, and Deanwood Community Garden, with access to shopping, dining, Downtown Washington, DC, Capitol Hill, the H Street Corridor, Maryland, Route 50, I-295, and I-495.
Key Highlights
- Two‑unit duplex completed in 2026
- Upper residence includes 3 bedrooms and 3.5 bathrooms
- Lower residence features 1 bedroom, 1 bathroom, and a full kitchen
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
$61,307
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
7.72%
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%
$1,226,140
$1.2M
Cap Rate 7%
$875,814
$875.8K
Cap Rate 9%
$681,189
$681.2K
Market Conditions
NOI Build-Up for 3,218 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
$92.7K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.6K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.3K $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%
$1,226,140
Cap Rate 7%
$875,814
Cap Rate 9%
$681,189
Alternative Uses
Best Use
Multifamily LT 5
$875.8K
$766.3K – $1.02M
NOI $61,307 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$782.6K
$684.8K – $913.1K
NOI $54,785 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,302 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility metering and private garage parking support flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 4312 HAYES STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $794,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; Upper residence includes 3 bedrooms and 3.5 bathrooms; Lower residence features 1 bedroom, 1 bathroom, and a full kitchen
