Two-Unit Rowhome Income
For Sale
$810,000
528-530 Hobart Place Northwest, Washington, DC 20001
All-brick two-unit rowhome offered as-is, with two separate residences and on-street plus rear alley vehicle access.
Property Size1,400 SF
Price / SF$578.57
Days on Market136
Property Features for 528-530 Hobart Place Northwest
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
2
Building Details
Year Built
1916
Tenancy
Multi
Listing Agency:
Smart Realty, LLC
(703) 777-4337
Listed By:
Alexi Faraco Jr. · License #WVS230302998
(703) 777-4337
Source:
Compass
Added: Mar 17
Changed: Jul 22
Last Checked: Jul 29 at 2:38PM
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 Smart Realty, LLC
Investment Insights
Based on property information with market context.
528–530 Hobart Place NW is an all-brick, classic rowhome configured as a two-unit multifamily property. The building includes a 2-bedroom, 1-bath unit and a 2-bedroom, 2-bath unit, providing two separate living spaces within the same structure. The property is offered as-is and has no HOA.
The property is located in Washington, DC and is described as within walking distance of multiple nearby medical centers, including Children’s National Medical Center, Washington Hospital Center, VA Hospital, and Howard University Hospital. It is also positioned near the U Street corridor and shopping conveniences including Target and Giant in Columbia Heights. Public transportation is noted as less than half a block away.
Parking is available via on-street spaces and a rear alley that provides additional vehicle access.
The property is located in Washington, DC and is described as within walking distance of multiple nearby medical centers, including Children’s National Medical Center, Washington Hospital Center, VA Hospital, and Howard University Hospital. It is also positioned near the U Street corridor and shopping conveniences including Target and Giant in Columbia Heights. Public transportation is noted as less than half a block away.
Parking is available via on-street spaces and a rear alley that provides additional vehicle access.
Key Highlights
- All‑brick 2‑unit rowhome built in 1916 with two separate residences
- Unit mix: 2 bed/1 bath and 2 bed/2 bath
- No HOA, with no HOA fees or restrictions reported
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $27.00 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $35.8k | $25.60 |
| − OpEx | −$10.8k | −$7.68 |
| NOI | $25.1k | $17.92 |
1,400 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$332.3K
$290.8K – $387.7K
NOI $23,262 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,408 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,584
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
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 - All-brick two-unit rowhome offered as-is, with two separate residences and on-street plus rear alley vehicle access.
Where is this duplex located?
The property is located at 528-530 Hobart Place Northwest Washington, DC.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: All‑brick 2‑unit rowhome built in 1916 with two separate residences; Unit mix: 2 bed/1 bath and 2 bed/2 bath; No HOA, with no HOA fees or restrictions reported
