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10th Street Duplex 1324 10th St NW 2 Unit Apartment Building $1,595,000 ($797,500/Unit) 4% Cap Rate Washington, DC 20001



INVESTMENT HIGHLIGHTS
- 2 Units self contained separately metered - beautifully maintained
- 20 min walk to the White House. (located in the Shaw neighborhood on a one way street)
- Opportunity to expand the building
- Secure On-Site parking
- 15 min Uber to Washington National Airport
EXECUTIVE SUMMARY
Owner/Occupant or Investor -- Contact Edward Poutier
This elegant three-level townhome, constructed in 1987, offers secure private parking and beautifully landscaped front and rear gardens. The owner's unit occupies the top two levels plus a spacious one bedroom separately meted ground level apt. The primary unit featuring a spacious main level with a dining room adorned with a bay window and elegant hardwood floors throughout. A double-wide coat and storage closet, along with a half bath, add convenience. The open kitchen boasts ample storage cabinets and drawers, complemented by a large granite countertop area. Natural light floods the open space from East to West, enhancing the large living room with recessed lighting, which opens to an exterior deck made of Brazilian hardwood. This deck overlooks the landscaped garden and includes a grill and a 42-inch round table for alfresco dining. The third level hosts two carpeted bedrooms, each with an ensuite bathroom and abundant closet space. The primary suite features a marble shower with a glass surround, Grohe bathroom fixtures, a custom-built hanging double vanity with under-cabinet lighting, and a heated towel rack. The second ensuite offers a built-in office closet, a spacious second closet, a Kohler deep soaking tub/shower combo, and a custom vanity cabinet. This floor also houses the HVAC system and laundry facilities and offers a lounge/office area, complete with a skylight that opens for roof access. The ground level is a separately metered one-bedroom apartment, approximately 800 square feet. It includes an open living and dining area with a bay window, an updated galley kitchen with granite countertops, a microwave, dishwasher, electric range, and refrigerator. Additional features include a coat closet, utility closet, abundant closet space and a built-in bookshelf. The hallway leads to an updated bathroom with a full-size shower, custom vanity with ample storage, and a large mirror. A hall closet provides space for towels and linens. The generously sized bedroom includes an in-unit full-size stackable front-load washer/dryer. The rear door offers access to the landscaped garden. The parking area features paver stones to accommodate two cars and a roll-up garage door for privacy. A cedar storage shed is available for garden tools. The dry stone wall steps lead up to the bluestone garden and patio area. Both the rear and front gardens have GFCI outlets for power, with the option to install lighting in the future. Conveniently located just a short 3 to 4 block walk from the Yellow and Green line metro station at Mt Vernon/Convention Center, and a 10-minute walk to Metro Center (Red, Orange, and Blue lines) or Gallery Place Metro (Red, Yellow, Green lines) stations. It's within easy walking distance to downtown, Chinatown, the White House, Dupont Circle, and the 14th Street and U Street corridors. Situated in the Logan Circle section of Shaw near Blagden Alley and Naylor Court, this row home is close to some of the city's best bars and restaurants, many with outdoor dining options, including Columbia Room, Tiger Fork, Calico, Nina May, Tortino, All Purpose, and El Sol. With DC's flagship Giant Supermarket just a two-block stroll away, it's no wonder this location boasts a 96 out of 100 Walk Score, earning the title of a "Walker's Paradise." Call for private shows, the owner is a licensed realtor in DC & MD. ** PARTICIPATING IN A 1031 TAX EXCHANGE **
This elegant three-level townhome, constructed in 1987, offers secure private parking and beautifully landscaped front and rear gardens. The owner's unit occupies the top two levels plus a spacious one bedroom separately meted ground level apt. The primary unit featuring a spacious main level with a dining room adorned with a bay window and elegant hardwood floors throughout. A double-wide coat and storage closet, along with a half bath, add convenience. The open kitchen boasts ample storage cabinets and drawers, complemented by a large granite countertop area. Natural light floods the open space from East to West, enhancing the large living room with recessed lighting, which opens to an exterior deck made of Brazilian hardwood. This deck overlooks the landscaped garden and includes a grill and a 42-inch round table for alfresco dining. The third level hosts two carpeted bedrooms, each with an ensuite bathroom and abundant closet space. The primary suite features a marble shower with a glass surround, Grohe bathroom fixtures, a custom-built hanging double vanity with under-cabinet lighting, and a heated towel rack. The second ensuite offers a built-in office closet, a spacious second closet, a Kohler deep soaking tub/shower combo, and a custom vanity cabinet. This floor also houses the HVAC system and laundry facilities and offers a lounge/office area, complete with a skylight that opens for roof access. The ground level is a separately metered one-bedroom apartment, approximately 800 square feet. It includes an open living and dining area with a bay window, an updated galley kitchen with granite countertops, a microwave, dishwasher, electric range, and refrigerator. Additional features include a coat closet, utility closet, abundant closet space and a built-in bookshelf. The hallway leads to an updated bathroom with a full-size shower, custom vanity with ample storage, and a large mirror. A hall closet provides space for towels and linens. The generously sized bedroom includes an in-unit full-size stackable front-load washer/dryer. The rear door offers access to the landscaped garden. The parking area features paver stones to accommodate two cars and a roll-up garage door for privacy. A cedar storage shed is available for garden tools. The dry stone wall steps lead up to the bluestone garden and patio area. Both the rear and front gardens have GFCI outlets for power, with the option to install lighting in the future. Conveniently located just a short 3 to 4 block walk from the Yellow and Green line metro station at Mt Vernon/Convention Center, and a 10-minute walk to Metro Center (Red, Orange, and Blue lines) or Gallery Place Metro (Red, Yellow, Green lines) stations. It's within easy walking distance to downtown, Chinatown, the White House, Dupont Circle, and the 14th Street and U Street corridors. Situated in the Logan Circle section of Shaw near Blagden Alley and Naylor Court, this row home is close to some of the city's best bars and restaurants, many with outdoor dining options, including Columbia Room, Tiger Fork, Calico, Nina May, Tortino, All Purpose, and El Sol. With DC's flagship Giant Supermarket just a two-block stroll away, it's no wonder this location boasts a 96 out of 100 Walk Score, earning the title of a "Walker's Paradise." Call for private shows, the owner is a licensed realtor in DC & MD. ** PARTICIPATING IN A 1031 TAX EXCHANGE **
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,595,000 | Apartment Style | Townhome |
| Price Per Unit | $797,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4% | Building Size | 2,545 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1987/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Zoning | R4 - restricted Density Multiple Dwelling | ||
| Price | $1,595,000 |
| Price Per Unit | $797,500 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.04 AC |
| Building Size | 2,545 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2024 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R4 - restricted Density Multiple Dwelling |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Double Vanities
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Range
- Tub/Shower
- Surround Sound
- Wi-Fi
- Yard
- Deck
- Dining Room
- Double Pane Windows
- Garden
- Handrails
- Linen Closet
- Patio
- Skylights
- Large Bedrooms
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $5,300 | - |
| 1+1 | 1 | $2,800 | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 0339-0026 | Improvements Assessment | $768,790 (2025) |
| Land Assessment | $704,460 (2025) | Total Assessment | $1,473,250 (2025) |
PROPERTY TAXES
Parcel Number
0339-0026
Land Assessment
$704,460 (2025)
Improvements Assessment
$768,790 (2025)
Total Assessment
$1,473,250 (2025)
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10th Street Duplex | 1324 10th St NW
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