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Four-Unit Property Near RFK Stadium

200 34TH SE STREET Washington, DC 20019

200 34TH SE STREET, Washington, DC, 20019

$615,000

For Sale

$615,000

Charming four-unit property near redevelopment project and Minnesota Ave. Metro.

Property Size3,200 SF

Lot Size0.05 Acres

Price / SF$192.19

AddedJan 19, 2024

Days on Market909

Last RefreshJul 15 at 7:11 am

Property Features for 200 34TH SE STREET

General Information

Standard status: Active
Size: 3,200 SF
Lot size: 0.05 Acres
Property subtype: Multi Family

Building Details

Year Built: 1950

Listing office Power 1 Realty and Design Group

Listing date Jan 19, 2024

Source Exitrealty

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 Power 1 Realty and Design Group

Investment Insights

Based on property information with market context.

This semi-detached, four-unit property is located near the RFK Stadium redevelopment project and the Minnesota Ave. Metro station. The building benefits from abundant natural light and is situated within a community experiencing ongoing development along Minnesota Avenue. Nearby is Eastland Gardens, a natural area with wildlife and planned pedestrian bridge over the Anacostia River. Zoned R3, the property allows for building up to 40 feet (three stories) by right, with up to 70% lot coverage. The end-of-row, four-unit building includes a large side and rear yard, offering potential for building expansion or parking lot construction. The property, with a size of 3200 square feet, is suitable for condo conversion or maintaining the current layout as a rental property. This vacant property presents an opportunity for contractors and investors.

Key Highlights

Located near the RFK Stadium redevelopment project.
Zoned R3, allowing for building up to 40 feet (three stories) by right and up to 70% lot coverage.
Large side and rear yard offers expansion possibilities or parking lot construction.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$106.8k	$33.36
− Vacancy	−$6.4k	−$2.00
EGI	$100.3k	$31.36
− OpEx	−$45.2k	−$14.11
NOI	$55.2k	$17.25

3,200 SF · lease $33.36/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$882.5K

$772.2K – $1.03M (±1% cap)

NOI $61,773 @ 7.0% cap · market cap 10.04%

Second Best

Apartment 5plus

$788.4K

$689.9K – $919.9K (±1% cap)

NOI $55,191 @ 7.0% cap · market cap 8.97%

Theoretical Best

Office A

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,373 @ 7.0% cap · market cap 19.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Quadplexes
DC
Washington
20019
200 34TH SE STREET

What type of property is this?

Quadplex - Charming four-unit property near redevelopment project and Minnesota Ave. Metro.

Where is this quadplex located?

The property is located at 200 34TH SE STREET Washington, DC.

What is the asking price?

The asking price for this property is $615,000.

What are key features of this property?

This property features: Located near the RFK Stadium redevelopment project.; Zoned R3, allowing for building up to 40 feet (three stories) by right and up to 70% lot coverage.; Large side and rear yard offers expansion possibilities or parking lot construction.