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Two-Unit Renovated Duplex

737 MORTON Street NW Washington, DC 20010

737 MORTON Street NW, Washington, DC, 20010
$879,000
For Sale
Claim this Listing
$879,000

MULTI_FAMILY - Other - WASHINGTON, DC

Property Size1,882 SF
Lot Size0.05 Acres
Price / SF$467.06
AddedMar 13
Days on Market126
Last RefreshJul 16 at 3:06 am

Property Features for 737 MORTON Street NW

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Fenced, Driveway
Standard status
Active
Size
1,882 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
7011

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
1906
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other

Listing agent Meaghan Parker License #SP40004319

Listing office RLAH @properties 4600 N Park Avenue unit: 100, Chevy Chase, DC

Listing date Mar 13, 2026

MLS# DCDC2243518 Listing URL

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.


Investment Insights

Based on property information with market context.

This two-unit duplex at 737 Morton Street NW offers two separately usable residences, with both units described as freshly renovated and move-in ready. The top-floor unit spans the full level and features an open-concept layout with bamboo and hardwood floors, granite countertops, stainless steel appliances, a large kitchen island, two bedrooms, two full baths, and in-unit laundry. The lower-level unit includes two bedrooms and one-and-a-half baths. The listing also notes two gated off-street parking spaces serving the property.

The property is positioned in the heart of one of Washington, DC’s most walkable neighborhoods, with access to Georgia Avenue dining and nightlife and proximity to Metro referenced in the remarks. Both units are currently vacant, which gives an owner the ability to select tenants and set rents. The seller indicates a plan to lease in approximately one week.

From an ownership standpoint, the layout supports multiple strategies, including investor use, house hacking, or condo-style occupancy. The listing states total rental income of $70,800 per year and owner expenses of about $11,000 per year, with an indicated nearly 6.9% cap rate. The remarks also describe potential under DC housing code for the top-floor unit to expand vertically with a second-story addition. Financing program fit is noted with references to NACA and DC Open Doors.

Key Highlights

  • Two‑unit DC property with $70,800/year rental income and about $11K/year in owner expenses (seller‑stated nearly 6.9% cap rate).
  • Year built 1906 with vinyl siding; central heating and central air.
  • Top‑floor unit: open‑concept full level with bamboo/hardwood floors, granite counters, stainless appliances, large kitchen island, 2BR/2BA and in‑unit laundry.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $50.8k $27.00
− Vacancy −$2.6k −$1.40
EGI $48.2k $25.60
− OpEx −$14.5k −$7.68
NOI $33.7k $17.92
1,882 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$481.7K
$421.5K – $562.0K (±1% cap)
NOI $33,720 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$446.7K
$390.9K – $521.2K (±1% cap)
NOI $31,270 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$968.0K
$847.0K – $1.13M (±1% cap)
NOI $67,763 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Vacant two-unit duplex with renovated interiors, in-unit laundry, and gated off-street parking for flexible owner or investor use.
Where is this duplex located?
The property is located at 737 MORTON Street NW Washington, DC.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two‑unit DC property with $70,800/year rental income and about $11K/year in owner expenses (seller‑stated nearly 6.9% cap rate).; Year built 1906 with vinyl siding; central heating and central air.; Top‑floor unit: open‑concept full level with bamboo/hardwood floors, granite counters, stainless appliances, large kitchen island, 2BR/2BA and in‑unit laundry.
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