Four-Unit Residential Income
For Sale
$780,000
1733 E Street NE, Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size3,264 SF
Lot Size0.09 Acres
Price / SF$238.97
Days on Market401
Property Features for 1733 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
3,264 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8939
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Merle S Walker · License #SP9837830
(240) 464-1786
Added: Jul 28, 2025
Changed: Jul 24
Last Checked: Sep 1 at 12:06PM
MLS# DCDC2210678
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 four-unit residential income property contains four spacious units, each configured with 2 bedrooms and 1 bathroom. The building is approximately 3,264 square feet, and HVAC systems are already installed for each unit. The property is described as ready for updates and can support a variety of reconfiguration approaches as part of a renovation or improvement plan.
Located at 1733 E Street NE in Washington, DC 20002, the property is described as being in the extended Capitol Hill corridor and within walking distance of RFK Stadium, popular eateries, local shops, and City Winery. The remarks also note “NO TOPA.”
Set on a lot of approximately 0.0947 acres, the asset provides a straightforward quadplex layout with individual unit HVAC already in place.
Located at 1733 E Street NE in Washington, DC 20002, the property is described as being in the extended Capitol Hill corridor and within walking distance of RFK Stadium, popular eateries, local shops, and City Winery. The remarks also note “NO TOPA.”
Set on a lot of approximately 0.0947 acres, the asset provides a straightforward quadplex layout with individual unit HVAC already in place.
Key Highlights
- Brick building built in 1937 with central air and hot water heating
- 4‑unit multifamily property with 2 bedrooms and 1 bathroom per unit
- 3,264 sq ft building with on‑street parking
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
$62,183
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
7.97%
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%
$1,243,660
$1.2M
Cap Rate 7%
$888,329
$888.3K
Cap Rate 9%
$690,922
$690.9K
Market Conditions
NOI Build-Up for 3,264 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
$94.0K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$88.8K $27.22/SF
− OpEx
−$26.6K −$8.16/SF
NOI
$62.2K $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%
$1,243,660
Cap Rate 7%
$888,329
Cap Rate 9%
$690,922
Alternative Uses
Best Use
Multifamily LT 5
$888.3K
$777.3K – $1.04M
NOI $62,183 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,965 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,432
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units with HVAC systems installed for each unit in a small, income-oriented building.
Where is this quadplex located?
The property is located at 1733 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Brick building built in 1937 with central air and hot water heating; 4‑unit multifamily property with 2 bedrooms and 1 bathroom per unit; 3,264 sq ft building with on‑street parking
