Turnkey Income Property in
1305 ORREN Street NE Washington, DC 20002
1305 ORREN Street NE, Washington, DC, 20002
$1,000,000
For Sale
$1,000,000
MULTI_FAMILY - WASHINGTON, DC
Property Size3,144 SF
Lot Size0.06 Acres
Price / SF$318.07
Days on Market172
Property Features for 1305 ORREN Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 1
- Parking features
- Off Street, Assigned
- Appliances
- Stove, Refrigerator, Washer, Dryer
- Standard status
- Active
- Size
- 3,144 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8777
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1932
- Number of units
- 4
- Building materials
- Brick
Listing Agency
EXP Realty, LLC
(833) 335-7433
800 Maine Avenue unit: 200, Washington, DC
Listed by
Christopher Craddock · License #0225207192
(703) 688-2635
Added: Jan 26 Checked: Jul 17 at 5:06 pm
MLS# DCDC2241566
Listing URL
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 is a well-cared-for brick 4-unit property located in the vibrant Trinidad neighborhood. The property includes four 1-bedroom, 1-bathroom units, each offering a classic layout with hardwood floors, ample natural light, and efficient kitchens. Three units are currently tenant-occupied, providing immediate rental income, while the remaining unit is vacant and ready for lease or owner occupancy. The property is ideal for investors seeking steady cash flow or homeowners looking to live in one unit while renting out the others. The property is in pristine condition. Located minutes from Gallaudet University, Union Market, the dynamic H Street Corridor, Ivy City, and a host of restaurants, shops, and transit options including Metrobus routes and bike lanes. Local favorites like Toki Underground, Aldi, and J&J Pizza are within easy reach, offering urban convenience in a rapidly growing area. The property is a rare find in an unbeatable location. The property size is 3144 square feet and the lot size is 0.0635 acres.
Key Highlights
- Brick 4‑unit building built in 1932 with four 1‑bedroom, 1‑bath units
- 3 units currently tenant‑occupied for immediate rental income; 1 vacant unit ready for lease or owner occupancy
- Each unit includes a classic layout with hardwood floors and efficient kitchens
Local 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 | $90.5k | $28.80 |
| − Vacancy | −$5.0k | −$1.58 |
| EGI | $85.6k | $27.22 |
| − OpEx | −$25.7k | −$8.16 |
| NOI | $59.9k | $19.05 |
3,144 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,897 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$764.7K
$669.1K – $892.1K
NOI $53,526 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,628 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property in a prime D.C. location.
Where is this quadplex located?
The property is located at 1305 ORREN Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Brick 4‑unit building built in 1932 with four 1‑bedroom, 1‑bath units; 3 units currently tenant‑occupied for immediate rental income; 1 vacant unit ready for lease or owner occupancy; Each unit includes a classic layout with hardwood floors and efficient kitchens
