Four-Unit Residential Income
1227 Holbrook Terrace NE Washington, DC 20002
For Sale
$925,000
A 4-unit residential income property with two vacant units and two currently occupied.
Property Size3,164 SF
Price / SF$292.35
Days on Market292
Property Features for 1227 Holbrook Terrace NE
General Information
Standard status
Active
Size
3,164 SF
Property subtype
Multi-family
Building Details
Year Built
1937
Listing Agency:
Michaels Realty,Inc.
(301) 306-1777
Listed By:
Abiodun Olorunwunmi
Source:
Deepcreeklake
Added: Oct 12, 2025
Changed: Jul 25
Last Checked: Jul 28 at 10:41PM
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 Michaels Realty,Inc.
Investment Insights
Based on property information with market context.
This property is a 4-unit residential income asset. Public remarks indicate two units are vacant and two units are currently occupied.
The sale listing notes the opportunity to acquire this property in a package with 1223 and 1227 Holbrook Ter. NE, described as being offered together for a combined purchase price.
As presented in the listing materials, the asset consists of four separate units within a single multifamily property.
The sale listing notes the opportunity to acquire this property in a package with 1223 and 1227 Holbrook Ter. NE, described as being offered together for a combined purchase price.
As presented in the listing materials, the asset consists of four separate units within a single multifamily property.
Key Highlights
- 4‑unit residential income property (year built 1937)
- Two units currently vacant and two units currently occupied
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 | $91.1k | $28.80 |
| − Vacancy | −$5.0k | −$1.58 |
| EGI | $86.1k | $27.22 |
| − OpEx | −$25.8k | −$8.16 |
| NOI | $60.3k | $19.05 |
3,164 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$861.1K
$753.5K – $1.00M
NOI $60,278 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$769.5K
$673.3K – $897.8K
NOI $53,866 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,351 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - A 4-unit residential income property with two vacant units and two currently occupied.
Where is this quadplex located?
The property is located at 1227 Holbrook Terrace NE Washington, DC.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4‑unit residential income property (year built 1937); Two units currently vacant and two units currently occupied
