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Building Details

Year Built 1905

Listing Agency: Keller Williams Capital Properties Show Phone

Listed By: Mehiret L Duki · License #0225247095 Show Phone

Source: Cummingsrealtors

Added: Sep 22 Changed: Oct 15 Last Checked: Oct 15 at 1:12AM

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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 Keller Williams Capital Properties

Investment Insights

Based on property information with market context.

Configured as three residential units, this 1,408-square-foot property was built in 1905 and is offered strictly in its present condition. Inspections are permitted for informational purposes only; the seller will not provide credits or closing-cost assistance, and the sale requires lender approval.

The property is at 531 Harvard Street NW in Washington, DC. Buyers are responsible for verifying zoning, permitting, and certificate of occupancy status. The seller and listing broker make no representations or warranties.

Key Highlights

• Currently configured as 3 units
• 1,408 square feet; built in 1905
• Sale is strictly as‑is; inspections are for informational purposes only

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,227

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,540 $504.5K

Cap Rate 7%

$360,386 $360.4K

Cap Rate 9%

$280,300 $280.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,408 SF

Gross rent

$38.0K $27.00/SF

− Vacancy

−$2.0K −$1.40/SF

EGI

$36.0K $25.60/SF

− OpEx

−$10.8K −$7.68/SF

NOI

$25.2K $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%

$504,540

Cap Rate 7%

$360,386

Cap Rate 9%

$280,300

Alternative Uses

Best Use

Multifamily LT 5

$360.4K

$315.3K – $420.5K (±1% cap)

NOI $25,227 @ 7.0% cap · market cap 5.05%

Second Best

Apartment 5plus

$334.2K

$292.4K – $389.9K (±1% cap)

NOI $23,395 @ 7.0% cap · market cap 4.68%

Theoretical Best

Office A

$724.2K

$633.7K – $844.9K (±1% cap)

NOI $50,696 @ 7.0% cap · market cap 10.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - The property is being sold as-is, with inspections permitted for informational purposes only.

Where is this triplex located?

The property is located at 531 HARVARD STREET NW Washington, DC.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Currently configured as 3 units; 1,408 square feet; built in 1905; Sale is strictly as‑is; inspections are for informational purposes only