Trinidad Multifamily Value-Add
For Sale
Under Contract
$699,000
1431 HOLBROOK Street NE, Washington, DC 20002
MULTI_FAMILY - WASHINGTON, DC
Property Size3,272 SF
Lot Size0.09 Acres
Price / SF$213.63
Days on Market143
Property Features for 1431 HOLBROOK Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Off Street
Subdivision
TRINIDAD
High school
DUNBAR SENIOR
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
3,272 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6479
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Listing Agency:
RLAH @properties
(301) 652-0643
Listed By:
RAYNALE BELL · License #SP98377282
(301) 247-1539
Added: Apr 10
Changed: Jun 9
Last Checked: Aug 30 at 6:06PM
MLS# DCDC2255100
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 3,272 square feet, four-unit multifamily property is strategically positioned in the vibrant Trinidad neighborhood of Washington, DC. The property offers a compelling value-add opportunity and an immediate upside with two units currently vacant and two occupied, providing both income and flexibility. The 0.0852-acre lot asset is perfect for those looking to start or expand their real estate portfolio. Ideal for investors, developers, or owner-occupants looking to house hack—live in one unit while renting out the others. This property presents an opportunity to create long-term value and portfolio growth in a sought-after rapidly developing area. Sold strictly as is.
Key Highlights
- 4‑unit brick multifamily property built in 1941
- Two units are currently vacant and two units are occupied
- Heating: hot water (heating)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,336
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,720
$1.2M
Cap Rate 7%
$890,514
$890.5K
Cap Rate 9%
$692,622
$692.6K
Market Conditions
NOI Build-Up for 3,272 SF
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.
Gross rent
$94.2K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$89.1K $27.22/SF
− OpEx
−$26.7K −$8.16/SF
NOI
$62.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,720
Cap Rate 7%
$890,514
Cap Rate 9%
$692,622
Alternative Uses
Best Use
Multifamily LT 5
$890.5K
$779.2K – $1.04M
NOI $62,336 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$795.8K
$696.3K – $928.4K
NOI $55,705 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,254 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,604
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Trinidad neighborhood with value-add potential.
Where is this quadplex located?
The property is located at 1431 HOLBROOK Street NE Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4‑unit brick multifamily property built in 1941; Two units are currently vacant and two units are occupied; Heating: hot water (heating)
