Two-Unit Duplex with Lower
For Sale
$1,249,000
719 QUEBEC PLACE NW, Washington, DC 20010
Duplex with a finished lower apartment, separate entrances, decks, and private rear parking.
Property Size3,104 SF
Days on Market180
Property Features for 719 QUEBEC PLACE NW
General Information
Standard status
Active
Size
3,104 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 5BR/3BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$84,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,457
Building Details
Building Size
3,104 SF
Year Built
1913
Buildings
1
Construction
stucco
Listing Agency:
BUYSELLDC
(202) 531-9555
Listed By:
Gulnaz Abdullina · License #IB98374140
(202) 531-9555
Source:
Barnesrealestatecompany
Added: Mar 2
Changed: Aug 28
Last Checked: Aug 26 at 1:34PM
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 BUYSELLDC
Investment Insights
Based on property information with market context.
This duplex combines a five-bedroom main residence with a finished lower-level apartment. The main home includes three full baths, an open living and dining arrangement, bamboo flooring, high ceilings, LED lighting, a gas fireplace, and a kitchen equipped with 42-inch cabinetry, stainless steel appliances, and a quartz island. The primary suite has a private deck, walk-in closet, and en-suite bath. Three additional bedrooms are located on the top floor, which also opens to a deck with Cathedral views.
The lower apartment provides two bedrooms, a full kitchen, a modern bathroom, and separate front and rear entrances. Additional exterior features include a rear deck and two private parking spaces accessed from the back of the property. The main residence is subject to a 1-year lease, while the lower unit is scheduled to be vacant at the end of July. Built in 1913, the property is located in Washington’s Columbia Heights and Petworth neighborhoods, one short block from the Petworth metro station and near restaurants, shops, nightlife, parks, and public transportation.
The lower apartment provides two bedrooms, a full kitchen, a modern bathroom, and separate front and rear entrances. Additional exterior features include a rear deck and two private parking spaces accessed from the back of the property. The main residence is subject to a 1-year lease, while the lower unit is scheduled to be vacant at the end of July. Built in 1913, the property is located in Washington’s Columbia Heights and Petworth neighborhoods, one short block from the Petworth metro station and near restaurants, shops, nightlife, parks, and public transportation.
Key Highlights
- Five‑bedroom main residence with three full baths
- Finished lower‑level apartment with two bedrooms, full kitchen, and modern bathroom
- Separate front and rear entrances for the lower unit
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
$55,615
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
4.45%
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%
$1,112,300
$1.1M
Cap Rate 7%
$794,500
$794.5K
Cap Rate 9%
$617,944
$617.9K
Market Conditions
NOI Build-Up for 3,104 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
$83.8K $27.00/SF
− Vacancy
−$4.4K −$1.40/SF
EGI
$79.4K $25.60/SF
− OpEx
−$23.8K −$7.68/SF
NOI
$55.6K $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%
$1,112,300
Cap Rate 7%
$794,500
Cap Rate 9%
$617,944
Alternative Uses
Best Use
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,615 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$736.8K
$644.7K – $859.6K
NOI $51,575 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,762 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a finished lower apartment, separate entrances, decks, and private rear parking.
Where is this duplex located?
The property is located at 719 QUEBEC PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Five‑bedroom main residence with three full baths; Finished lower‑level apartment with two bedrooms, full kitchen, and modern bathroom; Separate front and rear entrances for the lower unit
