46 FORRESTER Street SW Washington, DC 20032
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Features for 46 FORRESTER Street SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Kitchen - Efficiency
- Standard status
- Active
- Size
- 2,556 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5033
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Nathaniel Tate License #SP96896 (202) 262-8819
Listing office RE/MAX Allegiance 701 E Street, Alexandria, DC (202) 547-5600
Listing date Apr 2, 2026
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 in Washington, DC 20032, the property is positioned near major commuter routes and public transportation. The remarks state easy access to the Washington Metro and convenient commuting into areas including downtown DC, Navy Yard, and Capitol Hill. The listing also notes proximity to dining, shopping, and entertainment options, including The Wharf and neighborhood amenities throughout Southwest DC.
For tenants, buyers, or owner-occupants, the mix of available units can support flexible occupancy planning, whether seeking to live in one unit while renting the others or maximizing near-term tenancy across the building. FHA and VA buyers are noted as welcome, broadening the potential buyer pool for this ready-to-operate residential income asset.
Key Highlights
- 4 bedrooms and 2 bathrooms configured across multiple units
- Unit occupancy: 3 vacant units and 1 occupied; one unit currently rents for $1,451/month
- Total rental potential approaching $6,000/month
Local Financial Insights For Multifamily LT 5
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 | $69.0k | $27.00 |
| − Vacancy | −$3.6k | −$1.40 |
| EGI | $65.4k | $25.60 |
| − OpEx | −$19.6k | −$7.68 |
| NOI | $45.8k | $17.92 |
