Brick Duplex with Two
For Sale
$810,000
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 Market65
Property Features for 530 Hobart Pl NW
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
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.
Source:
Fulcrum-residential
Added: Jul 8
Changed: Sep 8
Last Checked: Sep 9 at 8:47PM
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.
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 = 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
$25,084
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
3.10%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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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 - 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 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
