Renovated Brookland Multifamily Investment
For Sale
Under Contract
$1,174,000
4020 8TH Street NE, Washington, DC 20017
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size3,488 SF
Lot Size0.07 Acres
Price / SF$336.58
Days on Market141
Property Features for 4020 8TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
4
Parking features
Driveway, Alley
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
3,488 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10168
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1938
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: Mar 22
Changed: Aug 5
Last Checked: Aug 9 at 4:06AM
MLS# DCDC2251956
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 renovated four-unit multifamily building is located in Brookland. The property generates strong cash flow, with an average rent of $2,800 per month. Each of the four units features three bedrooms and one bathroom, with an approximate area of 800 square feet. Renovations were completed in 2019, and all units include stainless steel appliances, granite countertops, and renovated bathrooms. Three of the four units also have combination washer and dryers. Heat is provided by individual boilers located in the basement, and cooling is provided by window AC units. Each unit is separately metered for gas and electric. The owner is responsible for water, sewer, trash, and common electric expenses. The building has a partially finished basement with individual boilers and hot water heaters, both replaced in 2019. The basement also includes large tenant storage lockers and a coin-operated laundry machine. The property is located 0.5 miles from Turkey Thicket Recreation Center, 0.7 miles from Catholic University, and 0.8 miles from the Brookland-CUA Metro station. The lot size is 0.0718 acres, and the building size is 3,488 square feet.
Key Highlights
- Renovated 4‑unit brick Colonial building (1938) with strong cash flow; average rent $2,800/month.
- All units are 3 bed, 1 bath with approx. 800 SF each; 1 unit vacant and 3 units occupied.
- Renovations completed in 2019, including stainless steel appliances, granite countertops, and renovated bathrooms in all units.
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
$62,495
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
5.32%
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%
$1,249,900
$1.2M
Cap Rate 7%
$892,786
$892.8K
Cap Rate 9%
$694,389
$694.4K
Market Conditions
NOI Build-Up for 3,488 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
$94.2K $27.00/SF
− Vacancy
−$4.9K −$1.40/SF
EGI
$89.3K $25.60/SF
− OpEx
−$26.8K −$7.68/SF
NOI
$62.5K $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%
$1,249,900
Cap Rate 7%
$892,786
Cap Rate 9%
$694,389
Alternative Uses
Best Use
Multifamily LT 5
$892.8K
$781.2K – $1.04M
NOI $62,495 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$827.9K
$724.4K – $965.9K
NOI $57,955 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,588 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
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 - Renovated 4-unit building in Brookland with strong cash flow.
Where is this quadplex located?
The property is located at 4020 8TH Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,174,000.
What are key features of this property?
This property features: Renovated 4‑unit brick Colonial building (1938) with strong cash flow; average rent $2,800/month.; All units are 3 bed, 1 bath with approx. 800 SF each; 1 unit vacant and 3 units occupied.; Renovations completed in 2019, including stainless steel appliances, granite countertops, and renovated bathrooms in all units.
