3-Unit Multifamily
For Sale
Under Contract
$499,900
531 HARVARD Street NW, Washington, DC 20001
Multi-Family, WASHINGTON, DC
Property Size1,408 SF
Lot Size0.02 Acres
Price / SF$355.04
Days on Market39
Property Features for 531 HARVARD Street NW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
Short Sale
Standard status
Active Under Contract
Size
1,408 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5671
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1905
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Mehiret L Duki · License #SP200203188
(703) 870-0896
Added: Sep 22
Changed: Oct 21
Last Checked: Oct 30 at 4:06AM
MLS# DCDC2284530
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,408-square-foot multifamily property is configured as three units and was built in 1905. Brick construction, Colonial architectural styling, and hot-water heating define the building's physical character.
The property is offered in its current condition. Inspections may be conducted for informational purposes, and lender approval is required. Buyers are responsible for confirming zoning, permitting, and certificate of occupancy status.
The property is offered in its current condition. Inspections may be conducted for informational purposes, and lender approval is required. Buyers are responsible for confirming zoning, permitting, and certificate of occupancy status.
Key Highlights
- Three‑unit configuration
- 1,408 square feet of building area
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,395
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,900
$467.9K
Cap Rate 7%
$334,214
$334.2K
Cap Rate 9%
$259,944
$259.9K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$44.8K $31.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$42.5K $30.21/SF
− OpEx
−$19.1K −$13.59/SF
NOI
$23.4K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,900
Cap Rate 7%
$334,214
Cap Rate 9%
$259,944
Alternative Uses
Best Use
Apartment 5plus
$334.2K
$292.4K – $389.9K
NOI $23,395 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.2K
$633.7K – $844.9K
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Brick construction and hot-water heating serve the property's three-unit configuration.
Where is this multifamily property 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: Three‑unit configuration; 1,408 square feet of building area; Built in 1905
