Brick Duplex with Two
For Sale
$810,000
528 528-530 Hobart Pl NW, Washington, DC 20001
Two-unit duplex with separate meters and private front and rear entrances, including a 2/2 upper and 2/1 lower.
Property Size1,400 SF
Price / SF$578.57
Days on Market114
Property Features for 528 528-530 Hobart Pl NW
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Park View
Additional Details
Multifamily Units
2
Amenities
private entrances
separately metered
washer/dryer hookup
on street parking
rear alley access
Building Details
Year Built
1916
Construction
all-brick
Tenancy
Multi
Listing Agency:
Smart Realty, LLC
Listed By:
Alexi Faraco Jr. · License #WVS230302998
(703) 777-4337
Source:
Themelaninteam
Added: Jul 8
Changed: Oct 25
Last Checked: Oct 7 at 4:05PM
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 Smart Realty, LLC
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Investment Insights
Based on property information with market context.
This all-brick duplex is configured as two distinct residential units with separate utilities. The upper unit (528) features two bedrooms and two baths, an interior stair layout, and a skylit kitchen. The lower unit (530) offers two bedrooms and one bath with its own convenient layout. Both units have private front and rear entrances to support privacy and day-to-day functionality.
The property is located at 528 Hobart Place NW in Washington, DC. It offers on-street parking and rear alley access. A washer and dryer hookup is already in place in one of the units.
Both units are separately metered, which can help streamline ownership and support flexibility for investors or owner-occupants. The listing is sold strictly as-is and there is no HOA.
The property is located at 528 Hobart Place NW in Washington, DC. It offers on-street parking and rear alley access. A washer and dryer hookup is already in place in one of the units.
Both units are separately metered, which can help streamline ownership and support flexibility for investors or owner-occupants. The listing is sold strictly as-is and there is no HOA.
Key Highlights
- Two‑unit duplex (rowhome) with separate meters for each unit
- Upper unit (528): 2 bed, 2 bath with interior stairs and a skylit kitchen
- Lower unit (530): 2 bed, 1 bath with convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,084
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,680
$501.7K
Cap Rate 7%
$358,343
$358.3K
Cap Rate 9%
$278,711
$278.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$37.8K $27.00/SF
− Vacancy
−$2.0K −$1.40/SF
EGI
$35.8K $25.60/SF
− OpEx
−$10.8K −$7.68/SF
NOI
$25.1K $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 Rate 5%
$501,680
Cap Rate 7%
$358,343
Cap Rate 9%
$278,711
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.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,241
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with separate meters and private front and rear entrances, including a 2/2 upper and 2/1 lower.
Where is this duplex located?
The property is located at 528 528-530 Hobart Pl NW 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: Two‑unit duplex (rowhome) with separate meters for each unit; Upper unit (528): 2 bed, 2 bath with interior stairs and a skylit kitchen; Lower unit (530): 2 bed, 1 bath with convenient access
