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    330 20Th St Washington, DC 20002

    Sponsored
    For Sale
    $735,000

    Charming Capitol Hill duplex, strong cash flow.

    Property size:
    1,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This well-maintained, two-unit apartment building in Washington, DC's Capitol Hill neighborhood presents a compelling investment opportunity. Built in 1941 and extensively renovated in 2018, the property boasts 1,300 square feet of net rentable space across two units, currently enjoying 100% occupancy since October 1, 2023. Each unit features in-unit laundry, updated kitchens (one classic, one upgraded), and refinished hardwood floors. The building benefits from efficient radiator heating and newer double-pane windows. Situated on a 1,910 square foot lot, the property offers private outdoor space and potential for parking. The asking price is $735,000, representing a price per square foot of $565.38 and a price per unit of $367,500. The current NOI is $35,982, yielding a 4.90% cap rate, with a pro-forma NOI of $38,400 and a pro-forma cap rate of 5.22%. The property is zoned RF-1 and is conveniently located within the Maury Elementary School boundary, offering easy access to public transportation, including the Metro and trolley. Nearby amenities include Langston Golf Course, Lincoln Park, the Fields at RFK Stadium, and numerous bike trails. This fee-simple ownership opportunity provides a lucrative long-term investment with excellent cash flow and asset diversification potential. A Certificate of Occupancy is available, and utilities are separately metered.

    Property Features for 330 20Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,300 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1941/2018
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Recently renovated.
    • Excellent mechanical systems.
    • Stable and predictable income stream.
    • Convenient public transportation access.
    • Metro accessible.
    • Maury Elementary School district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.976223686289
    Latitude
    38.894280724369

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    FAQs

    What type of property is this?
    Multifamily property - Charming Capitol Hill duplex, strong cash flow.
    Where is this multifamily property located?
    The property is located at 330 20Th St Washington, DC.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: Recently renovated.; Excellent mechanical systems.; Stable and predictable income stream.
    Request Owner's contact information
    330 20Th St Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    330 20Th St Washington, DC 20002
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