Side-by-Side Two-Unit Residential
For Sale
$399,900
4741 S CAPITOL Terrace SW, Washington, DC 20032
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size1,992 SF
Lot Size0.11 Acres
Price / SF$200.75
Days on Market59
Property Features for 4741 S CAPITOL Terrace SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, On Street
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
1,992 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3854
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Stonegate Realty Group, LLC
(202) 387-3026
Listed By:
Lisa S Wright
(202) 509-1160
Added: Jul 2
Changed: Jul 13
Last Checked: Aug 29 at 7:06AM
MLS# DCDC2271426
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 well-maintained side-by-side two-unit residential building offers a flexible live-in or income approach. The property includes two units with bright, naturally lit living areas and neutral finishes, with luxury vinyl plank flooring in the apartments. Each unit features generously sized bedrooms, updated bathrooms, and large eat-in kitchens with abundant cabinet and countertop space. There is also a separate utility and mechanical room that provides additional storage, supporting day-to-day convenience for residents and ownership.
The building is offered for sale at 4741 S Capitol Terrace SW, Washington, DC 20032. The listing notes that the adjacent property at 4737 South Capitol Terrace SW is also available, which may allow an owner to acquire one or both side-by-side buildings and assemble a four-unit portfolio.
With one unit currently vacant, the property is generating $2,000 per month in rental income, providing an immediate pathway to increase collected rent through occupancy or owner-occupancy strategies, subject to lender guidelines. Separate gas and electric meters are in place to simplify tenant utility responsibility and property management. The configuration may appeal to investors seeking a manageable two-unit structure, as well as owner-occupants who want rental income alongside a residence near Joint Base Anacostia-Bolling, National Harbor, Capitol Hill, Downtown Washington, DC, Metro, shopping, dining, parks, and major commuter routes.
The building is offered for sale at 4741 S Capitol Terrace SW, Washington, DC 20032. The listing notes that the adjacent property at 4737 South Capitol Terrace SW is also available, which may allow an owner to acquire one or both side-by-side buildings and assemble a four-unit portfolio.
With one unit currently vacant, the property is generating $2,000 per month in rental income, providing an immediate pathway to increase collected rent through occupancy or owner-occupancy strategies, subject to lender guidelines. Separate gas and electric meters are in place to simplify tenant utility responsibility and property management. The configuration may appeal to investors seeking a manageable two-unit structure, as well as owner-occupants who want rental income alongside a residence near Joint Base Anacostia-Bolling, National Harbor, Capitol Hill, Downtown Washington, DC, Metro, shopping, dining, parks, and major commuter routes.
Key Highlights
- Two‑unit brick building built in 1953 with forced‑air heating and central A/C
- Currently generating $2,000/month in rental income with one vacant unit
- Side‑by‑side two‑unit configuration; adjacent property at 4737 S Capitol Terrace SW also available to create a four‑unit portfolio
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
$35,691
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
8.92%
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%
$713,820
$713.8K
Cap Rate 7%
$509,871
$509.9K
Cap Rate 9%
$396,567
$396.6K
Market Conditions
NOI Build-Up for 1,992 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
$53.8K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$51.0K $25.60/SF
− OpEx
−$15.3K −$7.68/SF
NOI
$35.7K $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%
$713,820
Cap Rate 7%
$509,871
Cap Rate 9%
$396,567
Alternative Uses
Best Use
Multifamily LT 5
$509.9K
$446.1K – $594.9K
NOI $35,691 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,098 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.02M
$896.5K – $1.20M
NOI $71,723 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
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?
Duplex - Well-maintained two-unit building with updated interiors, a vacant unit, and separate gas and electric meters for straightforward operations.
Where is this duplex located?
The property is located at 4741 S CAPITOL Terrace SW Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit brick building built in 1953 with forced‑air heating and central A/C; Currently generating $2,000/month in rental income with one vacant unit; Side‑by‑side two‑unit configuration; adjacent property at 4737 S Capitol Terrace SW also available to create a four‑unit portfolio
