Quadplex with Updated
For Sale
$695,000
1216 30TH STREET SE, Washington, DC 20019
Gutted four-unit property with new windows and renovation requirements for cash or hard-money financing.
Property Size3,600 SF
Days on Market9
Property Features for 1216 30TH STREET SE
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Quadruplex
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,811
Building Details
Building Size
3,600 SF
Year Built
1939
Listing Agency:
RE/MAX United Real Estate
(301) 529-2621
Listed By:
Walter L Spann
(301) 529-2621
Source:
Kwcapitalproperties
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 4:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX United Real Estate
Investment Insights
Based on property information with market context.
Built in 1939, this four-unit residential income property is positioned on a corner lot in Washington, DC. The building has been gutted, creating an unfinished interior for a future renovation, while the roof has been updated and windows have been replaced.
The existing configuration supports four units, each with the potential for three bedrooms, one bathroom, a living room, and a kitchen. Radiator heating and plumbing are not currently installed, and the property will not qualify for conventional financing in its present condition. Cash, hard-money, or bridge financing is required.
The existing configuration supports four units, each with the potential for three bedrooms, one bathroom, a living room, and a kitchen. Radiator heating and plumbing are not currently installed, and the property will not qualify for conventional financing in its present condition. Cash, hard-money, or bridge financing is required.
Key Highlights
- Four‑unit residential income property on a corner lot
- Built in 1939
- Interior has been gutted for renovation
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
$62,090
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
8.93%
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%
$1,241,800
$1.2M
Cap Rate 7%
$887,000
$887.0K
Cap Rate 9%
$689,889
$689.9K
Market Conditions
NOI Build-Up for 3,600 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
$120.1K $33.36/SF
− Vacancy
−$7.2K −$2.00/SF
EGI
$112.9K $31.36/SF
− OpEx
−$50.8K −$14.11/SF
NOI
$62.1K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,241,800
Cap Rate 7%
$887,000
Cap Rate 9%
$689,889
Alternative Uses
Best Use
Multifamily LT 5
$992.8K
$868.7K – $1.16M
NOI $69,495 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$887.0K
$776.1K – $1.03M
NOI $62,090 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,420 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
6,202
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 - Gutted four-unit property with new windows and renovation requirements for cash or hard-money financing.
Where is this quadplex located?
The property is located at 1216 30TH STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four‑unit residential income property on a corner lot; Built in 1939; Interior has been gutted for renovation
