Updated Two-Unit
For Sale
$575,000
964 Mount Olivet Rd NE, Washington, DC 20002
Two residences offer private entries, central air and heat, laundry, and dedicated alley-accessed parking.
Property Size1,680 SF
Price / SF$342.26
Days on Market80
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Property Features for 964 Mount Olivet Rd NE
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
in-unit laundry
private front and rear entries
central air and heat
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Compass
Listed By:
Roger Taylor · License #SP98375653
(202) 679-1750
Source:
Belegacyre
Added: Jul 28
Changed: Oct 2
Last Checked: Oct 7 at 2:16PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex contains two separate residences under one tax identification number. The first apartment measures approximately 500 square feet with one bedroom, one bathroom, stackable laundry, private front and rear entrances, and a dedicated parking space. The second residence occupies two levels and is approximately 1,006 square feet, with three bedrooms, two full bathrooms, full-size front-loading laundry equipment, private entries, and its own parking space. Both units have central air conditioning and heat.
Building improvements include a roof replacement completed in December 2023 and replacement of the upper-level HVAC system in 2023. The property was constructed in 1951 and is located at 964 Mount Olivet Rd NE in Washington, DC, near Union Market, Ivy City, and Trinidad.
Building improvements include a roof replacement completed in December 2023 and replacement of the upper-level HVAC system in 2023. The property was constructed in 1951 and is located at 964 Mount Olivet Rd NE in Washington, DC, near Union Market, Ivy City, and Trinidad.
Key Highlights
- Two residences under a single tax ID
- Unit 1: approximately 500 square feet, 1 bedroom, 1 bath, and stackable laundry
- Unit 2: approximately 1,006 square feet across two levels with 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$48.4K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$45.7K $27.22/SF
− OpEx
−$13.7K −$8.16/SF
NOI
$32.0K $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%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$867.4K
$759.0K – $1.01M
NOI $60,717 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,654
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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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 residences offer private entries, central air and heat, laundry, and dedicated alley-accessed parking.
Where is this duplex located?
The property is located at 964 Mount Olivet Rd NE Washington, DC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two residences under a single tax ID; Unit 1: approximately 500 square feet, 1 bedroom, 1 bath, and stackable laundry; Unit 2: approximately 1,006 square feet across two levels with 3 bedrooms and 2 full baths
