Renovated Four-Unit Building in
For Sale
$1,150,000
1235 Holbrook Terrace NE, Washington, DC 20002
Newly renovated, vacant four-unit building with condo conversion potential.
Property Size3,164 SF
Price / SF$363.46
Days on Market241
Property Features for 1235 Holbrook Terrace NE
General Information
Standard status
Active
Size
3,164 SF
Property subtype
Multi-Family
Zoning
R
Taxes and HOA fees
Annual Taxes
$6,805
Amenities
Natural Gas
Yes
No
Assessor
No Pool
Public
0.06
On Street
Other
490860.00
Building Details
Building Size
3,164 SF
Year Built
1937
Listing Agency:
Penn One Realty
(856) 222-0077
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Feb 7
Changed: Sep 30
Last Checked: Oct 5 at 5:07PM
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 Penn One Realty
Investment Insights
Based on property information with market context.
This is a newly renovated, vacant four-unit building. New electrical and plumbing upgrades have been completed, along with new central air conditioning. Each unit is fully self-contained with separate meters. The property offers the potential to convert and sell as individual condos, or to live in one unit and rent the rest, with potential rents ranging from $3,500.00 to $4,300.00. It is located in a very walkable area with excellent transit and is considered a biker's paradise.
Key Highlights
- Newly renovated 4‑unit building with no Tenant Opportunity to Purchase Act (TOPA) requirements.
- Each unit is fully self‑contained with separate meters.
- New electrical and plumbing upgrades, plus new central air conditioning (CAC).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,278
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,560
$1.2M
Cap Rate 7%
$861,114
$861.1K
Cap Rate 9%
$669,756
$669.8K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$91.1K $28.80/SF
− Vacancy
−$5.0K −$1.58/SF
EGI
$86.1K $27.22/SF
− OpEx
−$25.8K −$8.16/SF
NOI
$60.3K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,560
Cap Rate 7%
$861,114
Cap Rate 9%
$669,756
Alternative Uses
Best Use
Multifamily LT 5
$861.1K
$753.5K – $1.00M
NOI $60,278 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$769.5K
$673.3K – $897.8K
NOI $53,866 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,351 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Newly renovated, vacant four-unit building with condo conversion potential.
Where is this quadplex located?
The property is located at 1235 Holbrook Terrace NE Washington, DC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Newly renovated 4‑unit building with no Tenant Opportunity to Purchase Act (TOPA) requirements.; Each unit is fully self‑contained with separate meters.; New electrical and plumbing upgrades, plus new central air conditioning (CAC).
