Four-Unit 1-Bedroom Apartment
For Sale
$535,000
4706-4710 QUARLES Street NE, Washington, DC 20019
MULTI_FAMILY - WASHINGTON, DC
Property Size2,376 SF
Lot Size0.07 Acres
Price / SF$225.17
Days on Market183
Property Features for 4706-4710 QUARLES Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
LILY PONDS
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
2,376 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2828
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1951
Number of units
4
Building materials
Brick
Listing Agency:
Bennett Realty Solutions
(301) 459-5040
Listed By:
Cecil C Smith · License #SP98374081
(202) 658-0213
Added: Feb 28
Changed: Jun 12
Last Checked: Aug 30 at 4:06AM
MLS# DCDC2243048
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 apartment building contains four spacious 1-bedroom units, each featuring updated kitchens. The roof is approximately 10 years old. Two of the units have additional recent improvements, including new appliances, fresh paint, and updated flooring, creating a more move-in-ready setup across the property.
Located on a quiet, picturesque block in Washington, DC, the building offers practical connectivity to major routes, including I-295, the BW Parkway, and I-95 (north and south). It is also near public transportation, with Deanwood Metro Station on the Orange Line within walking distance and Benning Road Metro Station close by. The area is described as being near Washington Commanders Stadium and within reach of Anacostia Park, Kenilworth Aquatic Gardens, and the Anacostia Riverwalk Trail, with proximity to Capitol Hill.
The unit mix and four separate apartments make the property a workable fit for investors seeking a straightforward rental portfolio, or for an owner-occupant who wants to live in one unit while renting the others. With multiple units supported by updated kitchen elements and at least part of the building recently refreshed, it offers a practical option for tenants and operators looking for a clean, residential-income configuration.
Located on a quiet, picturesque block in Washington, DC, the building offers practical connectivity to major routes, including I-295, the BW Parkway, and I-95 (north and south). It is also near public transportation, with Deanwood Metro Station on the Orange Line within walking distance and Benning Road Metro Station close by. The area is described as being near Washington Commanders Stadium and within reach of Anacostia Park, Kenilworth Aquatic Gardens, and the Anacostia Riverwalk Trail, with proximity to Capitol Hill.
The unit mix and four separate apartments make the property a workable fit for investors seeking a straightforward rental portfolio, or for an owner-occupant who wants to live in one unit while renting the others. With multiple units supported by updated kitchen elements and at least part of the building recently refreshed, it offers a practical option for tenants and operators looking for a clean, residential-income configuration.
Key Highlights
- Excellent investment opportunity with potential for owner‑occupancy and rental income.
- Located in a rapidly appreciating area near the Washington Commanders Stadium, Anacostia Park, and Capitol Hill.
- Convenient access to major highways (I‑295, BW Parkway, I‑95) and public transportation.
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
$45,866
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
8.57%
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%
$917,320
$917.3K
Cap Rate 7%
$655,229
$655.2K
Cap Rate 9%
$509,622
$509.6K
Market Conditions
NOI Build-Up for 2,376 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
$69.9K $29.40/SF
− Vacancy
−$4.3K −$1.82/SF
EGI
$65.5K $27.58/SF
− OpEx
−$19.7K −$8.27/SF
NOI
$45.9K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /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%
$917,320
Cap Rate 7%
$655,229
Cap Rate 9%
$509,622
Alternative Uses
Best Use
Multifamily LT 5
$655.2K
$573.3K – $764.4K
NOI $45,866 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$585.4K
$512.2K – $683.0K
NOI $40,979 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,377 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
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 - Four 1-bedroom apartments with updated kitchens and interior improvements, supported by convenient access to area highways and transit.
Where is this quadplex located?
The property is located at 4706-4710 QUARLES Street NE Washington, DC.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Excellent investment opportunity with potential for owner‑occupancy and rental income.; Located in a rapidly appreciating area near the Washington Commanders Stadium, Anacostia Park, and Capitol Hill.; Convenient access to major highways (I‑295, BW Parkway, I‑95) and public transportation.
