Renovated Duplex with Separate
For Sale
$1,099,000
615 MORTON Place NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,672 SF
Lot Size0.03 Acres
Price / SF$657.30
Days on Market100
Property Features for 615 MORTON Place NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement
Parking
1
Parking features
On Street, Driveway, Fenced, Off Street
Interior features
2nd Kitchen, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Open, Kitchen - Island, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Wood Floors
Appliances
Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Range Hood, Washer, WaterHeater
Subdivision
CAPITOL HILL
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
1,672 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6023
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1924
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Joel S Nelson · License #SP98357766
(202) 243-7707
Added: Jul 21
Changed: Oct 27
Last Checked: Oct 28 at 11:06PM
MLS# DCDC2274646
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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Investment Insights
Based on property information with market context.
This renovated, brick duplex provides 1,672 square feet across two separate residences. The main home has an open living and dining area, a kitchen with an island, hardwood floors, a powder room, and two upstairs bedrooms, including a primary suite with a soaking tub. A distinct lower-level apartment completes the two-unit layout. The property was built in 1924 and occupies a 0.0254-acre lot.
Union Market and Whole Foods are described as being steps away. The property has a stated 5.5% cap rate.
Union Market and Whole Foods are described as being steps away. The property has a stated 5.5% cap rate.
Key Highlights
- Two separate residential units, including a lower‑level apartment
- 1,672 square feet of building area
- Stated 5.5% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,854
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,080
$637.1K
Cap Rate 7%
$455,057
$455.1K
Cap Rate 9%
$353,933
$353.9K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$48.2K $28.80/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$45.5K $27.22/SF
− OpEx
−$13.7K −$8.16/SF
NOI
$31.9K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,080
Cap Rate 7%
$455,057
Cap Rate 9%
$353,933
Alternative Uses
Best Use
Multifamily LT 5
$455.1K
$398.2K – $530.9K
NOI $31,854 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$406.6K
$355.8K – $474.4K
NOI $28,465 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,428 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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?
Duplex - A two-unit residence combines an updated main home with an independent lower-level apartment.
Where is this duplex located?
The property is located at 615 MORTON Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two separate residential units, including a lower‑level apartment; 1,672 square feet of building area; Stated 5.5% cap rate
