Tri-Plex Residential Income
For Sale
$1,000,000
5135 MACARTHUR Boulevard NW, Washington, DC 20016
MULTI_FAMILY - WASHINGTON, DC
Property Size2,788 SF
Lot Size0.06 Acres
Price / SF$358.68
Days on Market644
Property Features for 5135 MACARTHUR Boulevard NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Driveway
Appliances
Cooktop, Refrigerator, Washer/Dryer Stacked, Stove
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
Short Sale
Standard status
Active
Size
2,788 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
16511
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1927
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Yves Jean Baptiste · License #674819
(202) 210-8558
Added: Nov 3, 2024
Changed: Jul 6
Last Checked: Aug 8 at 2:06AM
MLS# DCDC2166872
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 property is currently designed as a tri-plex, configured to provide three separate residential units within a single building. The layout is described as arranged to maximize privacy and comfort, supporting a live-in arrangement where one unit can be occupied while the others are used to generate rental income. The listing also references MU-3 mixed-use zoning potential, along with the possibility of using a 203K/Renovation loan for renovation.
Located at 5135 MacArthur Boulevard NW in Washington, DC (20016), the property sits on a vibrant stretch of MacArthur Boulevard in a tree-lined neighborhood. Public remarks indicate convenient access to public transit, along with nearby cafes and boutique shops.
For tenants, buyers, or owner-occupants seeking a multi-unit setup, the tri-plex configuration can support multiple household needs under one ownership. For investors or renovation-focused operators, the MU-3 zoning potential highlighted in the remarks may offer additional flexibility compared with a strictly residential use. This is also offered as a short sale, with all offers welcomed per the public remarks.
Located at 5135 MacArthur Boulevard NW in Washington, DC (20016), the property sits on a vibrant stretch of MacArthur Boulevard in a tree-lined neighborhood. Public remarks indicate convenient access to public transit, along with nearby cafes and boutique shops.
For tenants, buyers, or owner-occupants seeking a multi-unit setup, the tri-plex configuration can support multiple household needs under one ownership. For investors or renovation-focused operators, the MU-3 zoning potential highlighted in the remarks may offer additional flexibility compared with a strictly residential use. This is also offered as a short sale, with all offers welcomed per the public remarks.
Key Highlights
- Mixed‑use zoning (MU‑3), allowing for residential or light commercial use, plus flexibility for an owner occupant or investor project
- Currently configured as a tri‑plex with three separate units designed for privacy and comfort
- Brick construction, built in 1927
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
$49,953
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
5.00%
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%
$999,060
$999.1K
Cap Rate 7%
$713,614
$713.6K
Cap Rate 9%
$555,033
$555.0K
Market Conditions
NOI Build-Up for 2,788 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
$75.3K $27.00/SF
− Vacancy
−$3.9K −$1.40/SF
EGI
$71.4K $25.60/SF
− OpEx
−$21.4K −$7.68/SF
NOI
$50.0K $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%
$999,060
Cap Rate 7%
$713,614
Cap Rate 9%
$555,033
Alternative Uses
Best Use
Multifamily LT 5
$713.6K
$624.4K – $832.6K
NOI $49,953 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$661.8K
$579.1K – $772.1K
NOI $46,324 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,384 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 20016, DC
35,068
Population
15,457
Households
2.3
Avg Household Size
37
Median Age
88%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
7,970
Density / Sq Mi
$179,107
Median Household Income
$104,275
Median Earnings
$2,105
Median Rent
$1,206,200
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?
Triplex - For-sale tri-plex with MU-3 mixed-use potential, offering an owner-occupant setup or income-focused residential arrangement.
Where is this triplex located?
The property is located at 5135 MACARTHUR Boulevard NW Washington, DC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Mixed‑use zoning (MU‑3), allowing for residential or light commercial use, plus flexibility for an owner occupant or investor project; Currently configured as a tri‑plex with three separate units designed for privacy and comfort; Brick construction, built in 1927
