Two-Unit Duplex with Separate
For Sale
$899,900
769 GRESHAM PLACE NW, Washington, DC 20001
Two vacant residences have independent utility meters and distinct living areas, including a full kitchen in the lower-level unit.
Property Size1,548 SF
Days on Market10
Property Features for 769 GRESHAM PLACE NW
General Information
Standard status
Active
Size
1,548 SF
Property subtype
Duplex
Site & Location
Neighborhood
Pleasant Plains
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$7,602
Building Details
Building Size
1,548 SF
Year Built
1910
Buildings
1
Listing Agency:
Fairfax Realty Select
Listed By:
Mahlet Amsalu · License #SP200201173
(703) 731-7169
Source:
Barnesrealestatecompany
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 28 at 5:07PM
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This 1,548-square-foot duplex contains two legally recognized residences, with six bedrooms and 3.5 bathrooms in total. The upper residence has four bedrooms and 2.5 bathrooms; a self-contained lower-level unit adds two bedrooms, a full bathroom, a kitchen, a living area, and its own entrance. Separate utility meters serve the units, and both are vacant. Interior features include refinished hardwood floors, updated bathrooms, fresh paint, and white kitchen cabinetry. The building dates to 1910.
The property is at 769 Gresham Place NW in Washington, DC. Restaurants, shopping, public transportation, and neighborhood amenities are nearby.
The property is at 769 Gresham Place NW in Washington, DC. Restaurants, shopping, public transportation, and neighborhood amenities are nearby.
Key Highlights
- Two legally recognized units with separate utility meters
- 1,548 square feet; six bedrooms and 3.5 bathrooms total
- Main residence: four bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,736
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,720
$554.7K
Cap Rate 7%
$396,229
$396.2K
Cap Rate 9%
$308,178
$308.2K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$41.8K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.6K $25.60/SF
− OpEx
−$11.9K −$7.68/SF
NOI
$27.7K $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 Rate 5%
$554,720
Cap Rate 7%
$396,229
Cap Rate 9%
$308,178
Alternative Uses
Best Use
Multifamily LT 5
$396.2K
$346.7K – $462.3K
NOI $27,736 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$367.4K
$321.5K – $428.7K
NOI $25,721 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$796.2K
$696.7K – $929.0K
NOI $55,737 @ 7.0% cap · market cap 6.19%
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
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,266
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?
Duplex - Two vacant residences have independent utility meters and distinct living areas, including a full kitchen in the lower-level unit.
Where is this duplex located?
The property is located at 769 GRESHAM PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two legally recognized units with separate utility meters; 1,548 square feet; six bedrooms and 3.5 bathrooms total; Main residence: four bedrooms and 2.5 bathrooms
