Four-Unit Residential Income
For Sale
Under Contract
$1,650,000
3920 W Street NW, Washington, DC 20007
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size3,200 SF
Lot Size0.11 Acres
Price / SF$515.63
Days on Market131
Property Features for 3920 W Street NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement, Dining Room
Parking
5
Parking features
Offsite
Interior features
Bathroom - Tub Shower, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Galley, Wood Floors, Window Treatments
Appliances
Built-In Microwave, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
Subdivision
GLOVER PARK
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
3,200 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
14517
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
renovated kitchens and bathrooms
dedicated dining areas
washers and dryers
open pavilions
Building Details
Year built
1938
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Chatel Real Estate, Inc.
(202) 338-0500
Listed By:
John T Taylor · License #BR89427
(202) 338-0500
Added: Apr 22
Changed: Aug 9
Last Checked: Aug 30 at 2:06PM
MLS# DCDC2256238
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 residential income building includes four self-contained units configured as two 1-bedroom, 1-bath homes and two 2-bedroom, 1-bath homes. Each unit features renovated kitchens and bathrooms, dedicated dining areas, and in-unit washers and dryers. The units also include open pavilions with views over parkland. Parking is provided as two tandem spaces for each unit, plus one additional parking space. Tenants pay their own electricity, gas, and water/sewer usage.
The building’s current income is reported at $108,000 annually. Reported 2025 expenses totaled $26,845, including real estate taxes of $14,515, insurance of $5,560, house utilities of $1,345, trash removal of $2,195, landscaping of $2,030, and janitorial service of $1,200.
The property is located at 3920 W Street NW, Washington, DC 20007.
The building’s current income is reported at $108,000 annually. Reported 2025 expenses totaled $26,845, including real estate taxes of $14,515, insurance of $5,560, house utilities of $1,345, trash removal of $2,195, landscaping of $2,030, and janitorial service of $1,200.
The property is located at 3920 W Street NW, Washington, DC 20007.
Key Highlights
- Four self‑contained units in a 1938 brick building: two 1 bed/1 bath and two 2 bed/1 bath
- Current rents: 1‑bed units at $1,950/mo and 2‑bed units at $2,475/mo
- Dedicated dining areas, renovated kitchens and bathrooms, and in‑unit washer/dryer (stacked)
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
$57,335
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
3.47%
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%
$1,146,700
$1.1M
Cap Rate 7%
$819,071
$819.1K
Cap Rate 9%
$637,056
$637.1K
Market Conditions
NOI Build-Up for 3,200 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
$86.4K $27.00/SF
− Vacancy
−$4.5K −$1.40/SF
EGI
$81.9K $25.60/SF
− OpEx
−$24.6K −$7.68/SF
NOI
$57.3K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
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%
$1,146,700
Cap Rate 7%
$819,071
Cap Rate 9%
$637,056
Alternative Uses
Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K
NOI $57,335 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$759.6K
$664.6K – $886.2K
NOI $53,170 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 6.98%
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
2,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey four-unit building with renovated interiors, in-unit washers and dryers, and dedicated parking for each unit.
Where is this quadplex located?
The property is located at 3920 W Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Four self‑contained units in a 1938 brick building: two 1 bed/1 bath and two 2 bed/1 bath; Current rents: 1‑bed units at $1,950/mo and 2‑bed units at $2,475/mo; Dedicated dining areas, renovated kitchens and bathrooms, and in‑unit washer/dryer (stacked)
