Cash-Flowing Multifamily Asset Near
220 21ST Street NE Washington, DC 20002
For Sale
$1,100,000
MULTI_FAMILY - WASHINGTON, DC
Property Size2,720 SF
Lot Size0.07 Acres
Price / SF$404.41
Days on Market126
Property Features for 220 21ST Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
2,720 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7941
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1938
Number of units
4
Building materials
Brick
Listing Agency:
Samson Properties
(301) 760-2136
Listed By:
Christopher M Chambers · License #SP98373958
(301) 775-4710
Added: Mar 27
Changed: Jun 9
Last Checked: Jul 30 at 7:06AM
MLS# DCDC2252348
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 multifamily property offers a strong rental history and long-term upside, positioned to capitalize on the future growth of the proposed Commanders "Plaza District". The property is currently generating $3,124/month in rental income from three occupied units, providing immediate cash flow with additional upside through leasing the vacant unit. It is ideally positioned near dining, retail, and nightlife, and benefits from continued neighborhood growth and strong investor interest. Located directly across from the future redevelopment of the RFK Stadium site, projected for completion around 2030, this area is poised for significant revitalization, enhancing both demand and long-term appreciation potential. Tenants enjoy convenient access to shopping, parks, and public transportation, all while being part of a well-established residential community. The property presents a compelling opportunity for both investors and owner-occupants seeking stable cash flow and future value growth. Opportunities to further increase value include potential vertical expansion or extending the existing footprint to create additional bedrooms or living space. The property size is 2,720 square feet and the lot size is 0.0742 acres.
Key Highlights
- Immediate cash flow of $3,124/month from three occupied units, with potential to increase.
- Located across from the future Commanders "Plaza District" and RFK Stadium redevelopment site, promising significant long‑term appreciation.
- Seller welcomes VA, FHA, and Fannie Mae multifamily owner‑occupant buyers, live in one unit and generate income from others.
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 | $78.3k | $28.80 |
| − Vacancy | −$4.3k | −$1.58 |
| EGI | $74.0k | $27.22 |
| − OpEx | −$22.2k | −$8.16 |
| NOI | $51.8k | $19.05 |
2,720 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$661.5K
$578.8K – $771.8K
NOI $46,307 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with rental income and future growth potential.
Where is this quadplex located?
The property is located at 220 21ST Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Immediate cash flow of $3,124/month from three occupied units, with potential to increase.; Located across from the future Commanders "Plaza District" and RFK Stadium redevelopment site, promising significant long‑term appreciation.; Seller welcomes VA, FHA, and Fannie Mae multifamily owner‑occupant buyers, live in one unit and generate income from others.
