Four-Unit Multifamily
For Sale
$650,000
2029 E NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,392 SF
Lot Size0.07 Acres
Price / SF$271.74
Days on Market21
Property Features for 2029 E NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street, Alley
Subdivision
STADIUM/ROSEDALE
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
2,392 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3655
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1943
Number of units
4
Building materials
Block, Brick
Architectural style
Colonial
Listing Agency:
RE/MAX Allegiance · RE/MAX International
(202) 547-5600
Listed By:
Ressie R Wallace Wilson · License #SPI01315
(202) 359-9641
Added: Sep 16
Changed: Sep 19
Last Checked: Oct 6 at 8:06AM
MLS# DCDC2279242
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 two-story quadplex contains four one-bedroom, one-bath units with approximately 2,006 square feet of above-grade living area and a 375-square-foot basement. Built in 1943, the Colonial-style property uses block and brick construction, wall-unit cooling, and other heating. On-street and alley parking are identified, and the lot measures 0.0708 acres.
The property is approximately 0.7 miles from Stadium-Armory Metro, which provides Blue, Orange, and Silver Line service. It is also near the planned 180-acre RFK Campus redevelopment. The building is currently zoned RF-1; any vertical expansion or other development concepts would remain subject to zoning, building code, structural, permitting, and government requirements.
The property is approximately 0.7 miles from Stadium-Armory Metro, which provides Blue, Orange, and Silver Line service. It is also near the planned 180-acre RFK Campus redevelopment. The building is currently zoned RF-1; any vertical expansion or other development concepts would remain subject to zoning, building code, structural, permitting, and government requirements.
Key Highlights
- Four 1‑bedroom/1‑bath units
- Approximately 2,006 sq. ft. of above‑grade living area
- 375‑sq.-ft. basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,570
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,400
$911.4K
Cap Rate 7%
$651,000
$651.0K
Cap Rate 9%
$506,333
$506.3K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$68.9K $28.80/SF
− Vacancy
−$3.8K −$1.58/SF
EGI
$65.1K $27.22/SF
− OpEx
−$19.5K −$8.16/SF
NOI
$45.6K $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 Rate 5%
$911,400
Cap Rate 7%
$651,000
Cap Rate 9%
$506,333
Alternative Uses
Best Use
Multifamily LT 5
$651.0K
$569.6K – $759.5K
NOI $45,570 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$581.8K
$509.0K – $678.7K
NOI $40,723 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,450 @ 7.0% cap · market cap 13.30%
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
Location Intelligence
Trade Area within ½ mile
1,189
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
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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 - Two-story RF-1-zoned building with four one-bedroom residences and alley access.
Where is this quadplex located?
The property is located at 2029 E NE Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bath units; Approximately 2,006 sq. ft. of above‑grade living area; 375‑sq.-ft. basement
