Remodeled Two-Unit
For Sale
$699,900
620 20TH STREET NE, Washington, DC 20002
Remodeled two-unit duplex with separately metered lower level and in-unit washer/dryer for both units.
Property Size1,684 SF
Price / SF$415.62
Days on Market71
Property Features for 620 20TH STREET NE
General Information
Standard status
Active
Size
1,684 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,813
Building Details
Building Size
1,684 SF
Year Built
1929
Buildings
1
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Samuel R Davis · License #ab95309
(202) 256-7039
Source:
Kerishull
Added: Jul 28
Changed: Oct 3
Last Checked: Oct 5 at 10:47PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
Remodeled two-unit duplex configured for separate living and rental use, with a separately metered lower level and internal access. The property totals four bedrooms and three and a half bathrooms, with three bedrooms and two and a half bathrooms on the top two floors plus a one-bedroom, one-bath lower level with a separate internal entry. Both units include in-unit washer/dryer, and the home is described as fully remodeled with modern finishes throughout, including a kitchen with white shaker cabinetry, stone countertops, and updated bathrooms.
Built in 1929 and sized at 1,684 square feet, this duplex is positioned as an income-producing property in an active developing neighborhood near the new RFK Development. The setup allows for owner-occupancy in one unit while collecting rent from the other.
The property is presented as turn-key for immediate occupancy and rental operations, supported by the separate metering and unit-level laundry amenities.
Built in 1929 and sized at 1,684 square feet, this duplex is positioned as an income-producing property in an active developing neighborhood near the new RFK Development. The setup allows for owner-occupancy in one unit while collecting rent from the other.
The property is presented as turn-key for immediate occupancy and rental operations, supported by the separate metering and unit-level laundry amenities.
Key Highlights
- Two‑unit duplex with separately metered lower level
- Four bedrooms and three and a half bathrooms total
- 1,684 square feet and built in 1929
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,082
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
$641.6K
Cap Rate 7%
$458,314
$458.3K
Cap Rate 9%
$356,467
$356.5K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$48.5K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$45.8K $27.22/SF
− OpEx
−$13.7K −$8.16/SF
NOI
$32.1K $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%
$641,640
Cap Rate 7%
$458,314
Cap Rate 9%
$356,467
Alternative Uses
Best Use
Multifamily LT 5
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$869.5K
$760.8K – $1.01M
NOI $60,862 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,202
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled two-unit duplex with separately metered lower level and in-unit washer/dryer for both units.
Where is this duplex located?
The property is located at 620 20TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑unit duplex with separately metered lower level; Four bedrooms and three and a half bathrooms total; 1,684 square feet and built in 1929
