Anacostia Multifamily Investment
For Sale
$899,000
2335 GREEN Street SE, Washington, DC 20020
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,964 SF
Lot Size0.14 Acres
Price / SF$303.31
Days on Market148
Property Features for 2335 GREEN Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Disposal, Dryer, Exhaust Fan, Refrigerator, Stove, Washer, Washer/Dryer Stacked
Subdivision
ANACOSTIA
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
2,964 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5278
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1942
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Compass
(301) 298-1001
Listed By:
Nikki A Cooper
(240) 793-5563
Added: Mar 30
Changed: Jun 9
Last Checked: Aug 24 at 6:06AM
MLS# DCDC2252846
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 multifamily property is located in Anacostia, Washington, DC. The property contains four units, each featuring three bedrooms and one bathroom. The property offers income potential and long-term equity. One unit is currently occupied and generates $2,057 per month. The remaining vacant units are projected to achieve similar market rents. Each unit includes its own in-unit washer and dryer. The units feature open layouts. Ample street parking is available. The property is suitable for both seasoned investors and owner-occupants. The location is within walking distance of public transportation, restaurants, parks, and trails. The lot size is 0.1447 acres, and the property size is 2964 square feet.
Key Highlights
- Four spacious 3‑bedroom, 1‑bath units offer strong income potential.
- In‑unit washer and dryer in each unit.
- Excellent location within walking distance to public transportation, restaurants, parks, and trails.
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
$52,378
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
5.83%
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%
$1,047,560
$1.0M
Cap Rate 7%
$748,257
$748.3K
Cap Rate 9%
$581,978
$582.0K
Market Conditions
NOI Build-Up for 2,964 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
$80.0K $27.00/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$74.8K $25.25/SF
− OpEx
−$22.4K −$7.57/SF
NOI
$52.4K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /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%
$1,047,560
Cap Rate 7%
$748,257
Cap Rate 9%
$581,978
Alternative Uses
Best Use
Multifamily LT 5
$748.3K
$654.7K – $873.0K
NOI $52,378 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$668.4K
$584.9K – $779.9K
NOI $46,791 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,122 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
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-unit property with income potential in Washington, DC.
Where is this quadplex located?
The property is located at 2335 GREEN Street SE Washington, DC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four spacious 3‑bedroom, 1‑bath units offer strong income potential.; In‑unit washer and dryer in each unit.; Excellent location within walking distance to public transportation, restaurants, parks, and trails.
