Brick
For Sale
Under Contract
$649,000
3919 R Street SE, Washington, DC 20020
Multi-Family, WASHINGTON, DC
Property Size3,440 SF
Lot Size0.14 Acres
Price / SF$188.66
Days on Market79
Property Features for 3919 R Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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 Under Contract
Size
3,440 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5651
Utilities
Heating system
Other (Heating)
Building Details
Year built
1942
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Added: Jun 12
Changed: Aug 25
Last Checked: Aug 29 at 12:06AM
MLS# DCDC2267360
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 standalone brick quadplex at 3919 R Street SE contains 3,440 square feet arranged as four apartments, each with a two-bedroom layout. The 1942 building includes updated bathrooms, refreshed finishes in shared areas, and a recent electrical service upgrade that remains subject to final TPF inspection. On-street parking serves the property.
The asset occupies 0.1421 acres in Washington, DC’s Fort Dupont community, near the Pennsylvania Ave corridor and its retail, transit, and commuter-route connections. The property is being delivered without an active Basic Business License, and delinquent tenants are in place. Required compliance work and tenant matters should be evaluated during due diligence.
The asset occupies 0.1421 acres in Washington, DC’s Fort Dupont community, near the Pennsylvania Ave corridor and its retail, transit, and commuter-route connections. The property is being delivered without an active Basic Business License, and delinquent tenants are in place. Required compliance work and tenant matters should be evaluated during due diligence.
Key Highlights
- Four apartments, each configured with two bedrooms
- 3,440 SF brick building constructed in 1942
- 0.1421‑acre lot in the Fort Dupont community
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
$54,306
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
8.37%
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%
$1,086,120
$1.1M
Cap Rate 7%
$775,800
$775.8K
Cap Rate 9%
$603,400
$603.4K
Market Conditions
NOI Build-Up for 3,440 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
$105.3K $30.60/SF
− Vacancy
−$6.5K −$1.90/SF
EGI
$98.7K $28.70/SF
− OpEx
−$44.4K −$12.92/SF
NOI
$54.3K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
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%
$1,086,120
Cap Rate 7%
$775,800
Cap Rate 9%
$603,400
Alternative Uses
Best Use
Multifamily LT 5
$868.4K
$759.9K – $1.01M
NOI $60,790 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$775.8K
$678.8K – $905.1K
NOI $54,306 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,325 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
327
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 - Standalone income property with four two-bedroom apartments and updated bathrooms.
Where is this quadplex located?
The property is located at 3919 R Street SE Washington, DC.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four apartments, each configured with two bedrooms; 3,440 SF brick building constructed in 1942; 0.1421‑acre lot in the Fort Dupont community
