Bloomingdale Two-Unit
For Sale
$997,500
51 Q Street NW, Washington, DC 20001
Multi-Family, WASHINGTON, DC
Property Size2,733 SF
Lot Size0.02 Acres
Price / SF$364.98
Days on Market53
Property Features for 51 Q Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Dining Area, Formal/Separate Dining Room, Kitchen - Galley, Kitchen - Island, Pantry, Primary Bath(s), Recessed Lighting, Skylight(s), Sprinkler System, Walk-in Closet(s), Wood Floors, 2nd Kitchen
Appliances
Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Dryer - Front Loading, Dual Flush Toilets, Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Oven/Range - Electric, Range Hood, Stainless Steel Appliances, Washer - Front Loading
Subdivision
BLOOMINGDALE
High school
BANNEKER
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,733 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
6503
Utilities
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2024
Number of units
2
Building materials
Brick, Concrete, CPVC/PVC
Architectural style
Federal
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Donovan Green · License #SP98372583
(202) 368-8167
Added: Jul 23
Changed: Sep 13
Last Checked: Sep 13 at 2:06PM
MLS# DCDC2275032
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 51 Q Street NW in Washington, DC, this 2024-built duplex contains 2,733 square feet across two separately accessed residences. The upper home offers 3 bedrooms and 2.5 bathrooms, an open main level, wood flooring, LED lighting, a quartz-finished kitchen, island, pantry, and walk-in closet. The lower residence includes 2 bedrooms, 2 bathrooms, a second kitchen, quartz counters, natural light, and dedicated stacked laundry equipment. Both units have independent private entrances and dual means of egress.
The 0.0241-acre property includes a gated front green space and enclosed rear yard with alley access. Central heating and cooling, brick construction, stainless steel appliances, recessed lighting, skylights, and an electric vehicle-ready style of modern appliance package are among the documented improvements. The property is positioned one block from the 1st Street dining corridor, with Trader Joe’s and Whole Foods a few blocks away. Shaw-Howard U and NoMa-Gallaudet U stations are each approximately 0.5 mile away, while nearby bus service connects to central Washington destinations.
The 0.0241-acre property includes a gated front green space and enclosed rear yard with alley access. Central heating and cooling, brick construction, stainless steel appliances, recessed lighting, skylights, and an electric vehicle-ready style of modern appliance package are among the documented improvements. The property is positioned one block from the 1st Street dining corridor, with Trader Joe’s and Whole Foods a few blocks away. Shaw-Howard U and NoMa-Gallaudet U stations are each approximately 0.5 mile away, while nearby bus service connects to central Washington destinations.
Key Highlights
- 2024‑built duplex with 2,733 square feet and two distinct residences
- Upper unit includes 3 bedrooms and 2.5 bathrooms; lower unit includes 2 bedrooms and 2 bathrooms
- Independent entrances and dual means of egress serve both living spaces
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
$48,968
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
4.91%
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%
$979,360
$979.4K
Cap Rate 7%
$699,543
$699.5K
Cap Rate 9%
$544,089
$544.1K
Market Conditions
NOI Build-Up for 2,733 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
$73.8K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$70.0K $25.60/SF
− OpEx
−$21.0K −$7.68/SF
NOI
$49.0K $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%
$979,360
Cap Rate 7%
$699,543
Cap Rate 9%
$544,089
Alternative Uses
Best Use
Multifamily LT 5
$699.5K
$612.1K – $816.1K
NOI $48,968 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$648.7K
$567.6K – $756.8K
NOI $45,410 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,404 @ 7.0% cap · market cap 9.87%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,451
Businesses Nearby
Explore this area
Business Placement
Demographics for 20001, DC
49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value
Check the figures for this property
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 - Separate entrances, modern finishes, private outdoor areas, and two complete living spaces support flexible residential income use.
Where is this duplex located?
The property is located at 51 Q Street NW Washington, DC.
What is the asking price?
The asking price for this property is $997,500.
What are key features of this property?
This property features: 2024‑built duplex with 2,733 square feet and two distinct residences; Upper unit includes 3 bedrooms and 2.5 bathrooms; lower unit includes 2 bedrooms and 2 bathrooms; Independent entrances and dual means of egress serve both living spaces
