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Four-Unit Residential Income Property

1633 W VIRGINIA Avenue NE Washington, DC 20002

For Sale

$749,950

MULTI_FAMILY - Other - WASHINGTON, DC

Property size:

2,782 SF

Lot size:

0.12 Acres

Price / SF:

$269/SF

For Sale

$749,950

MULTI_FAMILY - Other - WASHINGTON, DC

Property size:

2,782 SF

Lot size:

0.12 Acres

Price / SF:

$269/SF

Added:: Sep 17, 2024
Days on Market:: 664
Last Refresh:: Jul 12 at 9:06 am

Property Features for 1633 W VIRGINIA Avenue NE

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street, Alley
Standard status: Active
Size: 2,782 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Annual Amount: 7213

Utilities

Heating system: Other (Heating)
Cooling system: Window Unit(s)

Building Details

Year built: 1931
Floors in Building: 2
Number of units: 4
Building materials: Brick
Architectural style: Other

Listing agent Noble Davis License #BR200201693

Listing office Samson Properties 1140 3rd Street unit: 405, Chantilly, DC

Listing date Sep 17, 2024

MLS# DCDC2159650 Listing URL

Investment Insights

Based on property information with market context.

This four-unit residential income property features two two-bedroom, one-bath units and two one-bedroom, one-bath units. Two units are currently vacant and available for immediate occupancy, while the remaining two are tenant-occupied on a month-to-month basis with recently increased rents. The roof has been replaced and numerous improvements have been completed, supporting confidence for either an owner-occupant or an investor looking to lease the available units.

The property is located at 1633 W Virginia Avenue NE in Washington, DC 20002, with convenient access to shopping, restaurants, public transportation, and other neighborhood amenities. The property is available for showings immediately, and the sellers are prepared to work with qualified purchasers and consider all reasonable offers.

Key Highlights

Brick four‑unit building built in 1931
Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
Two units currently vacant and available for immediate occupancy

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$80.1k	$28.80
− Vacancy	−$4.4k	−$1.58
EGI	$75.7k	$27.22
− OpEx	−$22.7k	−$8.16
NOI	$53.0k	$19.05

2,782 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$757.1K

$662.5K – $883.3K (±1% cap)

NOI $53,000 @ 7.0% cap · market cap 7.07%

Second Best

Apartment 5plus

$676.6K

$592.0K – $789.4K (±1% cap)

NOI $47,363 @ 7.0% cap · market cap 6.32%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,545 @ 7.0% cap · market cap 13.41%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Quadplexes
DC
Washington
20002
1633 W VIRGINIA Avenue NE

What type of property is this?

Quadplex - Four-unit building with two vacant units ready for occupancy and two one-bedroom, one-bath and two two-bedroom, one-bath residences.

Where is this quadplex located?

The property is located at 1633 W VIRGINIA Avenue NE Washington, DC.

What is the asking price?

The asking price for this property is $749,950.

What are key features of this property?

This property features: Brick four‑unit building built in 1931; Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Two units currently vacant and available for immediate occupancy

1633 W VIRGINIA Avenue NE Washington, DC 20002

MULTI_FAMILY - Other - WASHINGTON, DC

Property Features for 1633 W VIRGINIA Avenue NE

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Similar For Sale Nearby

Columbia Heights Mixed-Use Investment

Turnkey Mixed-Use Redevelopment Opportunity

Turnkey Restaurant/Bar Opportunity on Georgia Avenue

Prime Retail Opportunity in Washington

Three-Unit Townhouse with Rooftop Deck

Fully Occupied Quadplex Investment

Renovated Quadplex with Separate Utilities

Six-Unit Multifamily Building with RA-1

Office Condominium with Parking

Four-Unit Multifamily Building

Multifamily Property with Independent Entrances

Fully Renovated 4-Unit Multifamily

FAQs