Quadplex with Updated
For Sale
$695,000
1216 30TH Street SE, Washington, DC 20019
Multi-Family, WASHINGTON, DC
Property Size3,600 SF
Lot Size0.09 Acres
Price / SF$193.06
Days on Market9
Property Features for 1216 30TH Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Off Street
Subdivision
HILLCREST
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
3,600 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5811
Building Details
Year built
1939
Number of units
4
Building materials
Brick, Stone
Architectural style
Other
Listing Agency:
RE/MAX United Real Estate · RE/MAX International
(301) 702-4200
Listed By:
Walter L Spann
(301) 529-2621
Added: Aug 22
Last Checked: Aug 30 at 7:06PM
MLS# DCDC2279758
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 3,600-square-foot quadplex, built in 1939, is currently gutted and offers a blank interior for renovation. The building includes a basement, brick and stone construction, off-street parking, an updated roof, and newly installed windows. The existing layout supports four units, with each unit described as having potential for three bedrooms, one bathroom, a living room, and a kitchen.
Radiator heating and plumbing have not been installed, and the property will not pass inspection for conventional financing in its current condition. Cash, hard money, bridge financing, or similar acquisition strategies are required. The property occupies a 0.0913-acre corner lot in Washington, DC 20019.
Radiator heating and plumbing have not been installed, and the property will not pass inspection for conventional financing in its current condition. Cash, hard money, bridge financing, or similar acquisition strategies are required. The property occupies a 0.0913-acre corner lot in Washington, DC 20019.
Key Highlights
- Four‑unit quadplex with 3,600 square feet
- 0.0913‑acre corner lot in Washington, DC 20019
- Roof updated and new windows installed
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
571
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 off-street parking, suited to a comprehensive renovation project.
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 quadplex with 3,600 square feet; 0.0913‑acre corner lot in Washington, DC 20019; Roof updated and new windows installed
