Traditional Duplex
For Sale
$810,000
528 Hobart Pl NW, Washington, DC 20001
Two-unit residential property with natural-gas hot water and on-street parking in Washington, DC.
Property Size1,400 SF
Price / SF$578.57
Days on Market213
Property Features for 528 Hobart Pl NW
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Residential Income
Zoning
RF-1 (RESIDENTIAL FLAT)
Taxes and HOA fees
Annual Taxes
$32,986
Amenities
Hot Water, Natural Gas
On Street
Traditional
Building Details
Building Size
1,400 SF
Year Built
1916
Listing Agency:
Smart Realty, LLC
Listed By:
Alexi Faraco Jr. · License #WVS230302998
(703) 777-4337
Source:
Evrealestate
Added: Mar 18
Changed: Oct 4
Last Checked: Oct 14 at 10:43PM
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 traditional duplex property at 528-530 Hobart Pl NW provides 1,400 square feet of residential space across a two-unit configuration. Built in 1916, the property includes natural-gas hot water and an exterior setting with on-street parking.
The property is located in Washington, DC 20001, with driving directions identified from downtown Washington, Maryland via I-495 and I-270, Northern Virginia via I-66, and the Pentagon area via I-395. Georgia Avenue NW, Florida Avenue NW, and Hobart Place NW form the described local approach.
The property is located in Washington, DC 20001, with driving directions identified from downtown Washington, Maryland via I-495 and I-270, Northern Virginia via I-66, and the Pentagon area via I-395. Georgia Avenue NW, Florida Avenue NW, and Hobart Place NW form the described local approach.
Key Highlights
- 1,400 SF duplex property
- Two‑unit residential configuration
- Built in 1916
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,241
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with natural-gas hot water and on-street parking in Washington, DC.
Where is this duplex located?
The property is located at 528 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: 1,400 SF duplex property; Two‑unit residential configuration; Built in 1916
