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Stabilized Multifamily Asset, Strong Income

1313 ADAMS Street NE Washington, DC 20018

Claim this Listing
For Sale
Under Contract
$890,000

MULTI_FAMILY - Other - WASHINGTON, DC

Property size:
3,360 SF
Lot size:
0.07 Acres
Price / SF:
$264.88/SF
Added:
May 14, 2026
Days on Market:
62
Last Refresh:
Jul 14 at 3:06 am

Property Features for 1313 ADAMS Street NE

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active Under Contract
Size
3,360 SF
Lot size
0.07 Acres

Taxes and HOA fees

Tax Annual Amount
8312

Utilities

Heating system
Baseboard, Electric (Heating)
Cooling system
Wall Unit(s), Window Unit(s)

Building Details

Year built
1942
Number of units
4
Building materials
Brick
Architectural style
Other

Listing agent Abel M Gebremichael License #SP98377913

Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

Listing date May 14, 2026

MLS# DCDC2260526 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 well-maintained four-unit building is fully occupied, with all units currently leased through the voucher program, producing a total gross rent of $9,257 per month. The unit mix includes two 3-bedroom units, one 2-bedroom unit, and one 1-bedroom unit. Operational responsibilities for the owner are limited to water, trash, and common area electric. The property provides immediate in-place cash flow and a stable income profile suitable for investors seeking to preserve and reposition capital, as well as investors prioritizing consistent rent streams. The building's existing voucher rent structure, combined with its fully occupied status, offers a reliable foundation for long-term hold strategies, future compliance modernization, or incremental operational improvements. The property is located in WASHINGTON, DC. The lot size is 0.0702 acres and the property size is 3360 square feet. All financial information is based on current leases and program participation; no future performance is represented or guaranteed.

Key Highlights

  • Fully occupied 4‑unit brick building built in 1942
  • Unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit
  • Total actual gross rent of $9,257 per month from current leased units

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 $90.7k $27.00
− Vacancy −$4.7k −$1.40
EGI $86.0k $25.60
− OpEx −$25.8k −$7.68
NOI $60.2k $17.92
3,360 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$860.0K
$752.5K – $1.00M (±1% cap)
NOI $60,202 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$797.5K
$697.9K – $930.5K (±1% cap)
NOI $55,828 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M (±1% cap)
NOI $120,979 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Fully occupied four-unit building with program-backed income.
Where is this quadplex located?
The property is located at 1313 ADAMS Street NE Washington, DC.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Fully occupied 4‑unit brick building built in 1942; Unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit; Total actual gross rent of $9,257 per month from current leased units
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