4-Unit Brick
For Sale
$1,425,000
4474 MACARTHUR Boulevard NW, Washington, DC 20007
Multi-Family, WASHINGTON, DC
Property Size4,488 SF
Lot Size0.09 Acres
Price / SF$317.51
Days on Market42
Property Features for 4474 MACARTHUR Boulevard NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
On Street
Subdivision
PALISADES
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
Size
4,488 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
11461
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: Aug 17
Changed: Sep 5
Last Checked: Sep 27 at 1:06PM
MLS# DCDC2278936
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 4-unit quadplex contains approximately 4,488 gross square feet across two stories and a finished basement. Each residence offers 2 bedrooms and 1 bath, with an estimated 860 gross square feet per unit. Built in 1937 with brick construction, the property has hot-water heating, window-unit cooling, and on-street parking. Tenants pay their own electric and gas, while ownership covers hot water, water and sewer costs passed through to residents, and trash service.
The property occupies 0.0873 acres in Washington, DC’s Palisades area, less than a mile from Georgetown University. It is in-bound for Key Elementary, Hardy Middle School, and MacArthur High School. RA-1 zoning is identified for future development and possible conversion of the finished basement into legal units.
The property occupies 0.0873 acres in Washington, DC’s Palisades area, less than a mile from Georgetown University. It is in-bound for Key Elementary, Hardy Middle School, and MacArthur High School. RA-1 zoning is identified for future development and possible conversion of the finished basement into legal units.
Key Highlights
- Fully occupied 4‑unit building
- Approximately 4,488 gross square feet across two stories and a basement
- All units feature 2 bedrooms and 1 bath; each is estimated at 860 gross square feet
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
$80,412
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
5.64%
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%
$1,608,240
$1.6M
Cap Rate 7%
$1,148,743
$1.1M
Cap Rate 9%
$893,467
$893.5K
Market Conditions
NOI Build-Up for 4,488 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
$121.2K $27.00/SF
− Vacancy
−$6.3K −$1.40/SF
EGI
$114.9K $25.60/SF
− OpEx
−$34.5K −$7.68/SF
NOI
$80.4K $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%
$1,608,240
Cap Rate 7%
$1,148,743
Cap Rate 9%
$893,467
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,412 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$1.07M
$932.1K – $1.24M
NOI $74,570 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,594 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,608
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied two-story building with a finished basement and four two-bedroom residences.
Where is this quadplex located?
The property is located at 4474 MACARTHUR Boulevard NW Washington, DC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Fully occupied 4‑unit building; Approximately 4,488 gross square feet across two stories and a basement; All units feature 2 bedrooms and 1 bath; each is estimated at 860 gross square feet
