Fully Renovated Duplex with Two
For Sale
$675,000
834 19TH ST NE, Washington, DC 20002
Renovated in 2024 duplex with two 1BR/1BA units, one occupied and one vacant.
Property Size1,152 SF
Price / SF$585.94
Days on Market50
Property Features for 834 19TH ST NE
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Renovated
2024
Listing Agency:
Allfirst Realty, Inc.
(443) 320-1344
Listed By:
Shawn Keith Slade II · License #SP40000536
(202) 818-0543
Source:
Keygroupmd
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 12 at 6:41AM
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 Allfirst Realty, Inc.
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two updated 1BR/1BA units. Top-to-bottom renovations were completed in 2024, including new energy-efficient windows, recessed lighting, fresh paint, and new flooring. Both units feature updated plumbing and electrical systems, new HVAC systems and water heaters, and stainless steel appliances. Finishes include granite countertops and renovated bathrooms with new ceramic tile, sinks, and toilets. One unit is currently occupied and the other is vacant.
The property is located in Washington, DC, within walking distance of the RFK Stadium redevelopment.
The duplex also provides an expansion head start, with the required underpinning already completed on one side of the building. The seller has an assumable loan at 4.5% interest for qualified buyers.
The property is located in Washington, DC, within walking distance of the RFK Stadium redevelopment.
The duplex also provides an expansion head start, with the required underpinning already completed on one side of the building. The seller has an assumable loan at 4.5% interest for qualified buyers.
Key Highlights
- Fully renovated duplex (built 1941) with two updated 1BR/1BA units—one occupied and one vacant
- Top‑to‑bottom renovations completed in 2024, including new energy‑efficient windows, recessed lighting, fresh paint, new flooring, and plush carpeting
- Updates include new plumbing and electrical systems, plus new HVAC systems and water heaters
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
$21,947
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
3.25%
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%
$438,940
$438.9K
Cap Rate 7%
$313,529
$313.5K
Cap Rate 9%
$243,856
$243.9K
Market Conditions
NOI Build-Up for 1,152 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
$33.2K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.4K $27.22/SF
− OpEx
−$9.4K −$8.16/SF
NOI
$21.9K $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 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%
$438,940
Cap Rate 7%
$313,529
Cap Rate 9%
$243,856
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.8K
NOI $21,947 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,612 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$594.8K
$520.4K – $693.9K
NOI $41,635 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,174
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 - Renovated in 2024 duplex with two 1BR/1BA units, one occupied and one vacant.
Where is this duplex located?
The property is located at 834 19TH ST NE Washington, DC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully renovated duplex (built 1941) with two updated 1BR/1BA units—one occupied and one vacant; Top‑to‑bottom renovations completed in 2024, including new energy‑efficient windows, recessed lighting, fresh paint, new flooring, and plush carpeting; Updates include new plumbing and electrical systems, plus new HVAC systems and water heaters
