Traditional
For Sale
$435,000
508 BRANDYWINE STREET SE, Washington, DC 20032
R2 zoning with gas forced-air heating and a gas water heater supports residential functionality.
Property Size1,995 SF
Price / SF$218.05
Days on Market150
Property Features for 508 BRANDYWINE STREET SE
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$1,777
Amenities
Window Unit(s)
Natural Gas, Forced Air
Gas Water Heater
On Street
Traditional
Building Details
Building Size
1,995 SF
Year Built
1951
Stories
3
Listing Agency:
BML Properties Realty, LLC.
(202) 991-7260
Listed By:
Tonnetta Elisma
(202) 991-7260
Source:
Evrealestate
Added: Mar 28
Changed: Aug 22
Last Checked: Aug 24 at 3:24AM
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 BML Properties Realty, LLC.
Investment Insights
Based on property information with market context.
This traditional duplex, built in 1951, has a listed property size of 1,995 and is located at 508 Brandywine Street SE in Washington, DC 20032. Interior systems include window unit(s), gas forced-air heat, and a gas water heater. On-street parking and a traditional exterior complete the property profile. The property is zoned R2 and situated in Washington, DC’s Washington County or Parish designation.
Key Highlights
- Duplex built in 1951
- Listed property size of 1,995
- R2 zoning
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
$35,745
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
8.22%
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%
$714,900
$714.9K
Cap Rate 7%
$510,643
$510.6K
Cap Rate 9%
$397,167
$397.2K
Market Conditions
NOI Build-Up for 1,995 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
$53.9K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$51.1K $25.60/SF
− OpEx
−$15.3K −$7.68/SF
NOI
$35.7K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /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%
$714,900
Cap Rate 7%
$510,643
Cap Rate 9%
$397,167
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.8K
NOI $35,745 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.03M
$897.9K – $1.20M
NOI $71,831 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R2 zoning with gas forced-air heating and a gas water heater supports residential functionality.
Where is this duplex located?
The property is located at 508 BRANDYWINE STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Duplex built in 1951; Listed property size of 1,995; R2 zoning
