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Two-Unit Residential Property
For Sale
$1,849,000

915 3RD Street NE, Washington, DC 20002

Multi-Family, WASHINGTON, DC

Property Size2,774 SF
Lot Size0.03 Acres
Price / SF$666.55
Days on Market36

Property Features for 915 3RD Street NE

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Dining Room, Basement
Parking 3
Parking features Assigned, Parking Lot, Driveway
Interior features Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Upgraded Countertops, Wood Floors
Appliances Dishwasher, Disposal, Dryer - Front Loading, Microwave, Refrigerator, Stove, Washer - Front Loading
Subdivision NOMA
Elementary school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status Active
Size 2,774 SF
Lot size 0.03 Acres

Taxes and HOA fees

Tax Annual Amount 12736

Utilities

Heating system Central, Forced Air
Cooling system Central Air

Amenities

balcony
rooftop terrace
wet bar

Building Details

Year built 2014
Number of units 2
Building materials Brick
Architectural style Contemporary
Listing Agency: Northgate Realty, LLC
Listed By: Angela M Goldstein · License #SP98373183
Added: Sep 1 Changed: Sep 17 Last Checked: Oct 6 at 1:06AM
MLS# DCDC2281124

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 contemporary duplex, completed in 2014, combines two residences totaling 2,774 square feet. The upper home spans three levels with 3 bedrooms, 3.5 baths, open living and dining areas, wood flooring, granite countertops, Viking appliances, a primary suite, family room, wet bar, powder room, balcony, and two private rooftop decks. The second residence contains 2 bedrooms and 3 full baths across two levels, with its own exterior entrance and two en-suite bedrooms on the lower level.

The property conveys with two separately deeded parking spaces. Located near Washington’s H Street Corridor, NoMa, Union Market, and Union Station, it also offers access to restaurants, cafes, shopping, nightlife, and transit options including NoMa-Gallaudet U Metro. The four associated tax IDs represent the two residential units and the parking spaces.

Key Highlights

  • Two residences totaling 2,774 square feet
  • Penthouse residence with 3 bedrooms and 3.5 baths
  • Second unit includes 2 bedrooms and 3 full baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$52,848
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,960 $1.1M
Cap Rate 7%
$754,971 $755.0K
Cap Rate 9%
$587,200 $587.2K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$79.9K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$75.5K $27.22/SF
− OpEx
−$22.6K −$8.16/SF
NOI
$52.8K $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 Rate 5%
$1,056,960
Cap Rate 7%
$754,971
Cap Rate 9%
$587,200

Alternative Uses

Best Use
Multifamily LT 5
$755.0K
$660.6K – $880.8K (±1% cap)
NOI $52,848 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$674.7K
$590.3K – $787.1K (±1% cap)
NOI $47,227 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M (±1% cap)
NOI $100,255 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Home Appliance Store Nursing Home Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

5,792
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Contemporary duplex with a penthouse, second residence, private rooftop decks, and two deeded parking spaces.
Where is this duplex located?
The property is located at 915 3RD Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Two residences totaling 2,774 square feet; Penthouse residence with 3 bedrooms and 3.5 baths; Second unit includes 2 bedrooms and 3 full baths
More about this property
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