Brick Quadplex with Private
New
For Sale
$875,000
1724 CAPITOL NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,216 SF
Lot Size0.07 Acres
Price / SF$272.08
Days on Market5
Property Features for 1724 CAPITOL NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
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
Size
3,216 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7242
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
rear storage building
private decks
classic front porch
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Listing Agency:
Compass
(202) 386-6330
Listed By:
Luis A Vivas · License #SP98361541
(240) 479-9124
Added: Sep 9
Last Checked: Sep 13 at 11:06AM
MLS# DCDC2282412
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 3,216-square-foot brick quadplex at 1724 CAPITOL NE contains four one-bedroom units in a building constructed in 1937. Each apartment has separate electric metering and its own heat pump. The property also includes private decks, a front porch, a basement, and a rear storage building with a roll-up door. Central air and on-street parking are provided, and a valid Certificate of Occupancy is on file.
Located in Washington, DC 20002, the property is in the Brentwood corridor and near Gallaudet University and Union Market. Three of the four tenancies are supported by DC housing vouchers. The asset is fully occupied, with a reported 5.7% cap rate, and the flat roof was resurfaced in 2024.
Located in Washington, DC 20002, the property is in the Brentwood corridor and near Gallaudet University and Union Market. Three of the four tenancies are supported by DC housing vouchers. The asset is fully occupied, with a reported 5.7% cap rate, and the flat roof was resurfaced in 2024.
Key Highlights
- Four one‑bedroom units in a 3,216‑square‑foot brick quadplex
- Built in 1937 with a 2024 flat‑roof resurfacing
- Three of four tenancies are DC housing voucher‑backed
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
$61,269
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
7.00%
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%
$1,225,380
$1.2M
Cap Rate 7%
$875,271
$875.3K
Cap Rate 9%
$680,767
$680.8K
Market Conditions
NOI Build-Up for 3,216 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
$92.6K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.5K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.3K $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%
$1,225,380
Cap Rate 7%
$875,271
Cap Rate 9%
$680,767
Alternative Uses
Best Use
Multifamily LT 5
$875.3K
$765.9K – $1.02M
NOI $61,269 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$782.2K
$684.4K – $912.5K
NOI $54,751 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,230 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,499
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with one-bedroom layouts, individual electric meters, heat pumps, and a 2024 resurfaced roof.
Where is this quadplex located?
The property is located at 1724 CAPITOL NE Washington, DC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four one‑bedroom units in a 3,216‑square‑foot brick quadplex; Built in 1937 with a 2024 flat‑roof resurfacing; Three of four tenancies are DC housing voucher‑backed
