Two-Unit Duplex with Outdoor
For Sale
$1,299,000
Pending
502 G Street Northeast, Washington, DC 20002
Two residences offer two-bedroom, two-bath layouts plus distinct exterior living areas.
Property Size2,338 SF
Days on Market176
Property Features for 502 G Street Northeast
General Information
Standard status
Pending
Size
2,338 SF
Property subtype
Residential / Fee Simple
Zoning
SEE ZONING MAP
Site & Location
Neighborhood
Waterfront
Public Transit
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,300
Amenities
screened-in rear porch
patio
private terrace
Yes
Built-In Microwave, Disposal, Dishwasher, Dryer, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer
Main Floor, Upper Floor
2
Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Table Space, Primary Bath(s), Upgraded Countertops, Walk-in Closet(s), Wood Floors
No Pool
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Compass
Listed By:
Alix Iadonisi · License #SP98370252
(202) 374-4410
Source:
Compass
Added: May 7
Changed: Oct 27
Last Checked: Oct 28 at 11:40AM
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 Compass
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Investment Insights
Based on property information with market context.
This converted duplex contains 2,338 square feet and two separate residences, each arranged with two bedrooms and two full baths. The main-level home features refinished hardwood flooring, large south-facing windows, a finished kitchen with designer details and exposed-brick accents, plus a screened rear porch and patio. The upper apartment includes its own private terrace and a matching two-bedroom, two-bath configuration.
Built in 1910, the property is located at 502 G Street NE in Washington, DC 20002. Union Station and Union Market are within blocks, while H Street is also nearby, placing the building close to established dining, retail, and transportation destinations.
Built in 1910, the property is located at 502 G Street NE in Washington, DC 20002. Union Station and Union Market are within blocks, while H Street is also nearby, placing the building close to established dining, retail, and transportation destinations.
Key Highlights
- Two‑unit duplex with 2,338 square feet of total property size
- Two bedrooms and two full baths in each residence
- Main‑level unit includes refinished hardwood floors and south‑facing windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,542
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,840
$890.8K
Cap Rate 7%
$636,314
$636.3K
Cap Rate 9%
$494,911
$494.9K
Market Conditions
NOI Build-Up for 2,338 SF
Gross rent
$67.3K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.6K $27.22/SF
− OpEx
−$19.1K −$8.16/SF
NOI
$44.5K $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 Rate 5%
$890,840
Cap Rate 7%
$636,314
Cap Rate 9%
$494,911
Alternative Uses
Best Use
Multifamily LT 5
$636.3K
$556.8K – $742.4K
NOI $44,542 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$568.6K
$497.6K – $663.4K
NOI $39,804 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,498 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,158
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer two-bedroom, two-bath layouts plus distinct exterior living areas.
Where is this duplex located?
The property is located at 502 G Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,338 square feet of total property size; Two bedrooms and two full baths in each residence; Main‑level unit includes refinished hardwood floors and south‑facing windows
