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    Vacant Multifamily Building in DC

    3317 15TH Street SE Washington, DC 20032

    3317 15TH Street SE, Washington, DC, 20032
    $599,000
    For Sale
    Claim this Listing
    $599,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property Size2,520 SF
    Lot Size0.09 Acres
    Price / SF$237.70
    AddedApr 2
    Days on Market106
    Last RefreshJul 16 at 7:06 am

    Property Features for 3317 15TH Street SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    2,520 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4603

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    Listing agent Nathaniel Tate License #SP96896

    Listing office RE/MAX Allegiance 701 E Street, Alexandria, DC

    Listing date Apr 2, 2026

    MLS# DCDC2253854 Listing URL

    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 is a four-unit multifamily building located in Southeast Washington, DC. The property is fully vacant and offers the opportunity to set rents immediately. The building contains two one-bedroom units and two two-bedroom units. The property has an estimated rental potential approaching $6,000 per month. The location provides convenient access to the Anacostia Metro Station and Congress Heights Metro Station. Anacostia Park, with trails and riverfront views, and the Frederick Douglass National Historic Site are nearby. Neighborhood amenities include dining and retail options along Martin Luther King Jr Ave SE, such as Busboys and Poets and Turning Natural. The property is located with quick access to Downtown Washington DC, Nationals Park, and major commuter routes. The building is suitable for investors or owner-occupants looking to offset their mortgage with rental income. The lot size is 0.092 acres and the property size is 2520 square feet.

    Key Highlights

    • Fully vacant 4‑unit building - set your own rents immediately.
    • Potential for strong cash flow with estimated rental income approaching $6,000/month.
    • Ideal for live‑in investor: live in one unit, rent the others.

    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 $68.0k $27.00
    − Vacancy −$3.5k −$1.40
    EGI $64.5k $25.60
    − OpEx −$19.4k −$7.68
    NOI $45.2k $17.92
    2,520 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $645.0K
    $564.4K – $752.5K (±1% cap)
    NOI $45,151 @ 7.0% cap · market cap 7.54%
    Second Best
    Apartment 5plus
    $598.2K
    $523.4K – $697.9K (±1% cap)
    NOI $41,871 @ 7.0% cap · market cap 6.99%
    Theoretical Best
    Office A
    $1.30M
    $1.13M – $1.51M (±1% cap)
    NOI $90,735 @ 7.0% cap · market cap 15.15%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building in Southeast DC with income potential.
    Where is this quadplex located?
    The property is located at 3317 15TH Street SE Washington, DC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Fully vacant 4‑unit building - set your own rents immediately.; Potential for strong cash flow with estimated rental income approaching $6,000/month.; Ideal for live‑in investor: live in one unit, rent the others.
    Contact an agent
    (202) 262-8819
    We can help!
    Contact an agent
    Nathaniel Tate
    Real Estate License ID: SP96896
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