810 OTIS Place NW Washington, DC 20010
MULTI_FAMILY - WASHINGTON, DC
Property Features for 810 OTIS Place NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Off Street
- Standard status
- Active Under Contract
- Size
- 2,442 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8035
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Number of units
- 4
- Building materials
- Brick
Listing agent So Tayebi License #SP200201631 (571) 594-6262
Listing office HomeSmart 57 Randolph Road unit: #100, SILVER SPRING, DC (301) 434-4065
Listing date Apr 13, 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.
The property is located at 810 Otis Place NW in Washington, DC 20010, directly across from a desirable elementary school. Showings are available by appointment. The listing states the property can be delivered 75% occupied, pending applications.
For investors, this configuration may appeal for its mix of immediate leasing opportunity (two vacant units) alongside anticipated occupancy from pending applications. Buyer concessions are available, and the listing also references unique lending programs and creative financing paths through the listing agent. Interested parties should contact the listing agent to schedule a showing and review current application status.
Key Highlights
- 4‑unit apartment building (brick construction) listed as under construction; Year built 1910
- Each unit has central air and electric baseboard heating; off‑street parking available
- Units currently command approximately $3,000/month, with pending applications offering immediate income upside
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 | $65.9k | $27.00 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $62.5k | $25.60 |
| − OpEx | −$18.8k | −$7.68 |
| NOI | $43.8k | $17.92 |
