Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    249 Newcomb St SE Washington, DC 20032

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Four-unit building in Congress Heights, potential for income generation.

    Lot size:
    0.13 Acres

    Property Features for 249 Newcomb St SE

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1943

    We can help!

    Listing Contact
    Tom J Kavanagh
    Source: Elliman

    Listing Agency: Keller Williams Capital Prop. Listing Agent: Tom J Kavanagh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Congress Heights Four-Unit Building

    Located in Congress Heights, this four-unit building at 249 Newcomb St SE presents an investment opportunity. The property is situated across from green space and blocks from the St Elizabeth Campus. Each of the four units features one bedroom and one bathroom, with the potential for renovation into two-bedroom, one-bathroom units. The property has a solid rental history, with high occupancy rates and strong rental demand in the area. Upgrading the units to two bedrooms could significantly increase rental income. The building is now 100% vacant and ready to sell.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.0041726
    Latitude
    38.848508

    Nearby Similar for Sale

    • $350,000
      0.07 Acres

      Established Liquor Store Business Opportunity

      Profitable liquor store with transferable license in prime location.
      4906 Wisconsin Ave NW, Washington, DC 20016
      View Details
    • New
      $359,000

      Commercial/Industrial Unit in Washington, DC

      Commercial/Industrial unit for sale in a rapidly developing neighborhood.
      1812 H Pl NE, Washington, DC 20002
      View Details
    • New
      $499,000

      Commercial Unit in Capitol Hill

      Commercial street-level unit in a 10-unit residential development.
      733 8Th St SE, Washington, DC 20003
      View Details
    • $1,100,000
      2,696 SF

      Turnkey Restaurant/Bar Opportunity on Georgia Avenue

      Fully built-out restaurant/bar in vibrant Northwest DC corridor.
      5217 Georgia Ave NW, Washington, DC 20011
      View Details
    • $799,900

      Dental Office Near Dupont Circle

      Dental office condominium near Dupont Circle with equipment included.
      1330 New Hampshire Ave NW, Washington, DC 20036
      View Details
    • $890,000

      Prime Retail Space in Washington

      1,658 Sqft retail space in high-traffic Washington, DC corridor.
      3619 Georgia Ave NW, Washington, DC 20010
      View Details
    • $850,000
      0.03 Acres

      Park View Mixed-Use Commercial Property

      Versatile three-level commercial property in the heart of Park View.
      3328 Georgia Ave NW, Washington, DC 20010
      View Details
    • $1,550,000
      0.03 Acres

      Renovated Commercial Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H St NE, Washington, DC 20002
      View Details
    • $1,550,000
      1,920 SF

      Renovated Mixed-Use Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H St NE, Washington, DC 20002
      View Details
    • New
      $290,000

      Commercial/Industrial Unit in Washington, DC

      Leased commercial/industrial unit in a rapidly developing Washington, DC neighborhood.
      1812 H Pl NE, Washington, DC 20002
      View Details
    • New
      $3,861,690
      6,000 SF

      Four-Story Retail Building with Bar

      Four-story retail building with a built-out bar/nightclub and rooftop.
      1336 U St NW, Washington, DC 20009
      View Details
    • New
      $600,000
      2,720 SF

      Renovated Four-Unit Building in DC

      Fully renovated four-unit property in Congress Heights, Washington, DC.
      145 Galveston Pl SW, Washington, DC 20032
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building in Congress Heights, potential for income generation.
    Where is this quadplex located?
    The property is located at 249 Newcomb St SE Washington, DC.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - 100% Vacant and Ready to Sell; - Four Units: Live in one and rent the other three; - Potential to renovate all units to two bedrooms and one bath
    (703) 966-8466
    Request Owner's contact information
    249 Newcomb St SE Washington, DC 20032
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 Newcomb St SE
    Washington, DC 20032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 Newcomb St SE Washington, DC 20032
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tom J Kavanagh
    (703) 966-8466 (202) 573-8552 (202) 243-7700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!