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

    1528 Marion Barry Ave SE Washington, DC 20020

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,000 /Mo

    Newly renovated 4-unit building, ideal for non-profit or group home.

    Lot size:
    0.09 Acres

    Property Features for 1528 Marion Barry Ave SE

    General Information

    Standard status
    Active
    Lot size
    0.09 Acres

    Building Details

    Year built
    1927

    We can help!

    Listing Contact
    Michael Murray
    Source: Exitrealty

    Listing Agency: LONG & FOSTER REAL ESTATE, INC. Listing Agent: Michael Murray

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

    Learn more

    Overview

    Renovated Multifamily Building for Rent

    The property located at 1528 Marion Barry Ave SE, Washington, DC 20020, is a converted 4-unit building available for rent. It offers 2,500 square feet of space and features 9 beds (7 one-bedroom and 2 two-bedroom units) and 4 baths. The property includes a full kitchen, washer and dryer, living room, and dining room. It is equipped with 2 HVAC units and spans 2 floors. Outdoor amenities include a large backyard, front yard, and 2 parking spaces. The building has been newly renovated and is handicap accessible. It is suitable for a non-profit housing those in need, a group home, and/or transitional housing under a triple-net lease.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.9737
    Latitude
    38.8617

    Nearby Similar for Lease

    • New
      $850 /Mo

      Creative Space in Historic Building

      Art space or office in vibrant 52 O Street Studios.
      52 O St NW, Washington, DC 20001
      View Details
    • $1,200 /Mo
      3,049 SF

      Bloomingdale Commercial Space For Lease

      Versatile commercial property in the heart of Bloomingdale.
      82 T St NW, Washington, DC 20001
      View Details
    • $500 /Mo
      3,049 SF

      Bloomingdale Commercial Space For Lease

      Versatile commercial property in the heart of Bloomingdale, Washington, DC.
      82 T St NW, Washington, DC 20001
      View Details
    • $3,817 /Mo
      5,663 SF

      Prime Retail Space on Florida Avenue

      1,789 SF street-level retail space in vibrant H Street corridor.
      1000-1004 NE Florida Ave NE, Washington, DC 20002
      View Details
    • $7,500 /Mo
      1,307 SF

      H Street Retail Space Available

      Prime retail space on H Street NE in Washington, DC.
      521 H St NE, Washington, DC 20002
      View Details
    • $2,000 /Mo
      4,356 SF

      Office Suite in Washington, DC

      Well-appointed office suite with ample space and convenient location.
      2811 Pennsylvania Ave SE, Washington, DC 20020
      View Details
    • $2,400 /Mo
      1,307 SF

      U Street Corridor Office Space

      Finished office space in prime U Street Corridor location.
      635 Florida Ave NW, Washington, DC 20001
      View Details
    • New
      $4,500 /Mo
      1,307 SF

      Commercial Space in Eastern Market

      Versatile commercial space in a lively, accessible neighborhood.
      342 13Th St NE, Washington, DC 20002
      View Details
    • $3,500 /Mo
      2,178 SF

      Renovated Retail/Office Space in Woodley Park

      Renovated mezzanine level in Woodley Park, perfect for office/retail.
      2311 Calvert St NW, Washington, DC 20008
      View Details
    • $4,100 /Mo
      1,307 SF

      Prime Commercial Space in DC

      High-visibility commercial space with off-street parking in Washington, DC.
      505 Florida Ave NW, Washington, DC 20001
      View Details
    • $1,995 /Mo

      Ground Level Commercial Space Available

      Commercial space suitable for various businesses near Chevy Chase Circle.
      5410 Connecticut Ave NW, Washington, DC 20015
      View Details
    • $5,527 /Mo

      Retail Space in Washington, DC

      1,658 Sqft retail space for lease near Petworth METRO.
      3619 Georgia Ave NW, Washington, DC 20010
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newly renovated 4-unit building, ideal for non-profit or group home.
    Where is this apartment building located?
    The property is located at 1528 Marion Barry Ave SE Washington, DC.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: - Newly Renovated 9-bedroom (7 one-bed, 2 two-bed), 4-bath converted 4-unit building.; - Features 2,500 sq ft with full kitchen, living room, and dining room.; - Enjoy a large backyard, front yard, and 2 parking spaces.
    (202) 547-9200
    Request Owner's contact information
    1528 Marion Barry Ave SE Washington, DC 20020
    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.
    1528 Marion Barry Ave SE
    Washington, DC 20020
    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
    1528 Marion Barry Ave SE Washington, DC 20020
    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
    Michael Murray
    Real Estate License ID: SP200204241
    (202) 547-9200 (301) 452-4696
    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!