Brick 4-Unit Apartment
For Sale
$1,199,000
6616 14TH Street NW, Washington, DC 20012
Multi-Family, WASHINGTON, DC
Property Size3,200 SF
Lot Size0.11 Acres
Price / SF$374.69
Days on Market147
Property Features for 6616 14TH Street NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Parking Lot, Alley, Off 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
3,200 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
7784
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
washer/dryer in unit
hardwood floors
updated kitchens
central AC/heat
intercom system
cable/high-speed internet
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
O'Neill Realty Advisors, LLC
(202) 741-9405
Listed By:
Andrew O'Neill · License #PB98367485
(301) 801-1166
Added: Apr 6
Changed: Aug 26
Last Checked: Aug 30 at 1:06PM
MLS# DCDC2252302
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 3,200-square-foot quadplex sits on 0.1064 acres and was built in 1937 with solid brick construction and Colonial styling. The property contains four two-bedroom, one-bath apartments, each with separately metered gas and electric service, its own HVAC system, washer and dryer, hardwood flooring, an intercom, and a rear entrance. Kitchens include hardwood cabinetry, ceramic tile flooring, and updated appliances from renovations completed circa 2006. Three of the four HVAC systems were replaced in 2025-2026.
Rear parking provides up to 8 stacked spaces for building residents, with access from the alley and additional well-lit street parking. The property is located at 6616 14TH Street NW in Washington, DC, two blocks from Whole Foods, Starbucks, and The Parks at Walter Reed. Takoma Park Metro is within walking distance, while multiple bus lines stop directly in front of the building. Rock Creek Park, Fort Stevens Park, restaurants, and nearby communities including Silver Spring, Petworth, and Columbia Heights are also accessible from the property.
Rear parking provides up to 8 stacked spaces for building residents, with access from the alley and additional well-lit street parking. The property is located at 6616 14TH Street NW in Washington, DC, two blocks from Whole Foods, Starbucks, and The Parks at Walter Reed. Takoma Park Metro is within walking distance, while multiple bus lines stop directly in front of the building. Rock Creek Park, Fort Stevens Park, restaurants, and nearby communities including Silver Spring, Petworth, and Columbia Heights are also accessible from the property.
Key Highlights
- Four 2BR, 1Bath apartments in a 3,200‑square‑foot quadplex
- Solid brick construction built in 1937 on 0.1064 acres
- Each unit has separate gas and electric meters, HVAC, washer/dryer, and rear entrance
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
$57,335
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
4.78%
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%
$1,146,700
$1.1M
Cap Rate 7%
$819,071
$819.1K
Cap Rate 9%
$637,056
$637.1K
Market Conditions
NOI Build-Up for 3,200 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
$86.4K $27.00/SF
− Vacancy
−$4.5K −$1.40/SF
EGI
$81.9K $25.60/SF
− OpEx
−$24.6K −$7.68/SF
NOI
$57.3K $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%
$1,146,700
Cap Rate 7%
$819,071
Cap Rate 9%
$637,056
Alternative Uses
Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K
NOI $57,335 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$759.6K
$664.6K – $886.2K
NOI $53,170 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
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?
Quadplex - Four separately metered residences feature in-unit laundry, dedicated HVAC systems, and access to rear off-street parking.
Where is this quadplex located?
The property is located at 6616 14TH Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four 2BR, 1Bath apartments in a 3,200‑square‑foot quadplex; Solid brick construction built in 1937 on 0.1064 acres; Each unit has separate gas and electric meters, HVAC, washer/dryer, and rear entrance
