Two-Unit Brick
For Sale
$639,000
81 Q St SW, Washington, DC 20024
Separately metered property with CG-4 zoning and mixed-use potential.
Property Size1,120 SF
Price / SF$570.54
Days on Market50
Property Features for 81 Q St SW
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Zoning
CG-4
Site & Location
Neighborhood
Southwest
Building Details
Year Built
1941
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Capital Area Realtors of DC
Listed By:
Kathy Mason · License #BR98369898
(571) 282-8742
Source:
Gklegacygroup
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 2:17PM
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 Capital Area Realtors of DC
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Investment Insights
Based on property information with market context.
This 1,120-square-foot brick duplex, constructed in 1941, contains two units and separate metering. The property is positioned for continued commercial use or a live-work arrangement, with the source information also identifying potential for multifamily, ground-floor retail, office, and service uses. Building systems are described as being in good condition.
Located at 81 Q St SW in Washington, DC, the property is near Nationals Park, Audi Field, Cambria Hotel, and The Wharf. Both Navy Yard and Waterfront Metro stations are within walking distance. CG-4 zoning is identified, with potential building heights of approximately 65 feet.
Located at 81 Q St SW in Washington, DC, the property is near Nationals Park, Audi Field, Cambria Hotel, and The Wharf. Both Navy Yard and Waterfront Metro stations are within walking distance. CG-4 zoning is identified, with potential building heights of approximately 65 feet.
Key Highlights
- Two‑unit, 1,120‑square‑foot brick building
- Separately metered units
- CG‑4 (Capitol Gateway) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,067
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,340
$401.3K
Cap Rate 7%
$286,671
$286.7K
Cap Rate 9%
$222,967
$223.0K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$30.2K $27.00/SF
− Vacancy
−$1.6K −$1.40/SF
EGI
$28.7K $25.60/SF
− OpEx
−$8.6K −$7.68/SF
NOI
$20.1K $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%
$401,340
Cap Rate 7%
$286,671
Cap Rate 9%
$222,967
Alternative Uses
Best Use
Multifamily LT 5
$286.7K
$250.8K – $334.5K
NOI $20,067 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.2K
NOI $18,609 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
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 - Separately metered property with CG-4 zoning and mixed-use potential.
Where is this duplex located?
The property is located at 81 Q St SW Washington, DC.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑unit, 1,120‑square‑foot brick building; Separately metered units; CG‑4 (Capitol Gateway) zoning
