171 35TH Street NE Washington, DC 20019
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Features for 171 35TH Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,230 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4124
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1941
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Federal
Listing agent RUSSELL F BROWN License #SP98377919 (202) 256-5964
Listing office Realty One Group Performance, LLC 9658 Baltimore Avenue unit: 300, Upper Marlboro, DC (240) 583-1183
Listing date Jul 9, 2026
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.
The property is located in Washington, DC at 171 35th Street NE, 20019. The seller describes the area as having substantial ongoing development and highlights access to public transportation, with the metro, grocery stores, pharmacy, and banks within walking distance.
For buyers and operators, the current vacancy level may support a phased approach to bringing the property back to full utilization. With delivery of most of the building vacant at close, the new owner can plan unit-by-unit improvements and leasing strategy based on the specific condition of the remaining occupied spaces and the vacant units being readied for future renters.
Key Highlights
- Brick building built in 1941 with Federal architectural style
- Hot water (heating) system
- Building to be delivered 75% vacant
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 | $95.0k | $29.40 |
| − Vacancy | −$5.9k | −$1.82 |
| EGI | $89.1k | $27.58 |
| − OpEx | −$26.7k | −$8.27 |
| NOI | $62.4k | $19.30 |
