Move-Ready Two-Unit
964 MOUNT OLIVET Road NE Washington, DC 20002
For Sale
$575,000
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size1,680 SF
Lot Size0.03 Acres
Price / SF$342.26
Days on Market56
Property Features for 964 MOUNT OLIVET Road NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Assigned, Off Street
Standard status
Active
Size
1,680 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2944
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1951
Number of units
2
Building materials
Brick
Architectural style
Federal
Listing Agency:
Compass
(202) 386-6330
Listed By:
Roger Taylor · License #SP98375653
(202) 679-1750
Added: Jun 5
Changed: Jul 9
Last Checked: Jul 30 at 5:06AM
MLS# DCDC2266852
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 two-unit duplex offers a practical, move-ready setup with two separate residences under a single tax ID. Unit 1 is approximately 500 square feet with 1 bedroom and 1 bath, featuring central air and heat, in-unit stackable laundry, and private front and rear entries, along with its own parking space. Unit 2 spans two levels and is approximately 1,006 square feet per the owner, offering 3 bedrooms and 2 full baths, central air and heat, and private front and rear entries. Unit 2 also includes full-size front-loading washer and dryer purchased in 2023, plus one parking space.
The property includes side-by-side parking off the alley, providing direct, convenient use of the parking area for each unit. The roof was replaced in December 2023, and the upstairs system was replaced in 2023, supporting a more streamlined ownership experience.
For owner-occupants or investors, the duplex configuration provides two independently accessed homes with dedicated parking and recent system updates. With both units equipped with central air and heat and private entry setups, it can support straightforward day-to-day management and tenant privacy. An open house is scheduled for Saturday, June 6, 2026, from 12pm to 2pm.
The property includes side-by-side parking off the alley, providing direct, convenient use of the parking area for each unit. The roof was replaced in December 2023, and the upstairs system was replaced in 2023, supporting a more streamlined ownership experience.
For owner-occupants or investors, the duplex configuration provides two independently accessed homes with dedicated parking and recent system updates. With both units equipped with central air and heat and private entry setups, it can support straightforward day-to-day management and tenant privacy. An open house is scheduled for Saturday, June 6, 2026, from 12pm to 2pm.
Key Highlights
- Two‑unit property (single tax ID) with side‑by‑side parking off the alley
- Unit 1: approx. 500 SF, 1 bed/1 bath, in‑unit stackable laundry, private front and rear entries, assigned parking space
- Unit 2: approx. 1,006 SF across two levels, 3 bed/2 full baths, private front and rear entries, one parking space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $28.80 |
| − Vacancy | −$2.7k | −$1.58 |
| EGI | $45.7k | $27.22 |
| − OpEx | −$13.7k | −$8.16 |
| NOI | $32.0k | $19.05 |
1,680 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit duplex with private entries, central HVAC, and side-by-side parking off the alley.
Where is this duplex located?
The property is located at 964 MOUNT OLIVET Road 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‑unit property (single tax ID) with side‑by‑side parking off the alley; Unit 1: approx. 500 SF, 1 bed/1 bath, in‑unit stackable laundry, private front and rear entries, assigned parking space; Unit 2: approx. 1,006 SF across two levels, 3 bed/2 full baths, private front and rear entries, one parking space
