Multi-Family Colonial
4037 22ND Street NE Washington, DC 20018
4037 22ND Street NE, Washington, DC, 20018
$950,000
For Sale
$950,000
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size3,399 SF
Lot Size0.12 Acres
Price / SF$279.49
Days on Market19
Property Features for 4037 22ND Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Family Room, Basement, Dining Room
- Parking
- 6
- Parking features
- Driveway, Carport, Off Street
- Interior features
- Bathroom - Soaking Tub, Bathroom - Jetted Tub, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Combination Dining/Living, Combination Kitchen/Living, Dining Area, Efficiency, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Skylight(s), Walk-in Closet(s), Wood Floors
- Appliances
- Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Oven - Single, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, WaterHeater
- Standard status
- Active
- Size
- 3,399 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6880
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Number of units
- 1
- Building materials
- Brick, Wood Siding
- Architectural style
- Colonial
Listing Agency
Keller Williams Capital Properties
(202) 243-7700
519 C Street, WASHINGTON, DC
Listed by
Yvonne T Lee II · License #644794
(301) 613-6070
Added: Jun 30 Checked: Jul 18 at 5:06 am
MLS# DCDC2270954
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.
Located at 4037 22nd Street NE, this colonial-style residence offers flexible living across four finished levels and includes outdoor living space on every level. The main level features an open-concept layout with a spacious kitchen, granite countertops, stainless steel appliances, and abundant cabinetry, along with a rare main-level bedroom and a full bath.
Upstairs, the home provides additional bedrooms and updated baths, leading to a top-floor owner’s retreat with skylights, a custom walk-in closet, a spa-inspired bath, and a private deck. The lower level is designed for privacy and versatility, with its own entrance, a living area, a bedroom, and a full bath—well suited for guest accommodations, an au pair setup, or an income-focused configuration.
Outside, the property sits on a landscaped corner lot with a fenced yard and covered parking. With approximately 3,399 square feet of finished space on about 0.1192 acres, the home’s combination of multiple decks and patio-style outdoor areas, plus distinct living quarters, supports a range of uses for buyers seeking adaptable space in a single property.
Upstairs, the home provides additional bedrooms and updated baths, leading to a top-floor owner’s retreat with skylights, a custom walk-in closet, a spa-inspired bath, and a private deck. The lower level is designed for privacy and versatility, with its own entrance, a living area, a bedroom, and a full bath—well suited for guest accommodations, an au pair setup, or an income-focused configuration.
Outside, the property sits on a landscaped corner lot with a fenced yard and covered parking. With approximately 3,399 square feet of finished space on about 0.1192 acres, the home’s combination of multiple decks and patio-style outdoor areas, plus distinct living quarters, supports a range of uses for buyers seeking adaptable space in a single property.
Key Highlights
- 4 finished levels with indoor‑outdoor living, including a deck, patio, and outdoor retreat on every level
- Main‑level bedroom plus a full bath, offering flexible space for guests, office use, or multi‑generational living
- Lower level with its own entrance, including a living area, bedroom, and full bath
Local Financial Insights For Apartment 5plus
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 | $108.1k | $31.80 |
| − Vacancy | −$5.4k | −$1.59 |
| EGI | $102.7k | $30.21 |
| − OpEx | −$46.2k | −$13.59 |
| NOI | $56.5k | $16.62 |
3,399 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$806.8K
$706.0K – $941.3K
NOI $56,476 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,384 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Four finished levels with outdoor space on every level and a lower suite with separate entrance.
Where is this single family property located?
The property is located at 4037 22ND Street NE Washington, DC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4 finished levels with indoor‑outdoor living, including a deck, patio, and outdoor retreat on every level; Main‑level bedroom plus a full bath, offering flexible space for guests, office use, or multi‑generational living; Lower level with its own entrance, including a living area, bedroom, and full bath
