Four-Unit Multifamily
2823 4TH Street NE Washington, DC 20002
2823 4TH Street NE, Washington, DC, 20002
$859,888
For Sale
$859,888
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size3,480 SF
Lot Size0.09 Acres
Price / SF$247.09
Days on Market21
Property Features for 2823 4TH Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,480 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8196
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1941
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agency
RE/MAX Advantage Realty
(410) 740-1200
Listed by
Shurnell Cathey · License #SP100818
(202) 391-1199
Added: Jul 2 Checked: Jul 22 at 3:06PM
MLS# DCDC2269788
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 classic brick-front four-unit multifamily building is currently vacant and offers approximately 3,480 square feet of living space. The property includes a den in each unit that can serve as an additional bedroom, providing flexibility in how residences are configured for future occupants. In addition to the existing layout, the property is described as having the opportunity to expand off the rear and add one additional level, which could support redesigned residences such as modern 2-bedroom, 2-bath units, 3-bedroom, 2-bath units, or combinations.
Located in the heart of Brookland, the building is positioned near major educational and healthcare employers, including The Catholic University of America, Trinity Washington University, MedStar Washington Hospital Center, the Washington VA Medical Center, and Children’s National Hospital. The remarks also note convenient access to the Brookland-CUA Metro Station on the Red Line and multiple Metrobus routes, along with regional roadway access via Rhode Island Avenue, South Dakota Avenue, Michigan Avenue, New York Avenue (US-50), and the Baltimore-Washington Parkway.
For buyers and operators, the current vacancy supports a straightforward plan for occupancy and unit reconfiguration, including den-to-bedroom flexibility. The described rear expansion and addition of a level may be appealing for those looking to update the unit mix within a four-unit framework in an established Northeast Washington neighborhood.
Located in the heart of Brookland, the building is positioned near major educational and healthcare employers, including The Catholic University of America, Trinity Washington University, MedStar Washington Hospital Center, the Washington VA Medical Center, and Children’s National Hospital. The remarks also note convenient access to the Brookland-CUA Metro Station on the Red Line and multiple Metrobus routes, along with regional roadway access via Rhode Island Avenue, South Dakota Avenue, Michigan Avenue, New York Avenue (US-50), and the Baltimore-Washington Parkway.
For buyers and operators, the current vacancy supports a straightforward plan for occupancy and unit reconfiguration, including den-to-bedroom flexibility. The described rear expansion and addition of a level may be appealing for those looking to update the unit mix within a four-unit framework in an established Northeast Washington neighborhood.
Key Highlights
- Vacant four‑unit multifamily property with approximately 3,480 SF of living space
- Brick construction with brick‑front exterior
- Year built: 1941
Local 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 | $100.2k | $28.80 |
| − Vacancy | −$5.5k | −$1.58 |
| EGI | $94.7k | $27.22 |
| − OpEx | −$28.4k | −$8.16 |
| NOI | $66.3k | $19.05 |
3,480 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$947.1K
$828.7K – $1.10M
NOI $66,298 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$846.4K
$740.6K – $987.4K
NOI $59,246 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,771 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Vacant four-unit brick-front property with dens in each unit, offering flexibility for future bedroom configurations.
Where is this quadplex located?
The property is located at 2823 4TH Street NE Washington, DC.
What is the asking price?
The asking price for this property is $859,888.
What are key features of this property?
This property features: Vacant four‑unit multifamily property with approximately 3,480 SF of living space; Brick construction with brick‑front exterior; Year built: 1941