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    Renovated Multifamily Property in Columbia Heights Title is generated by Realmo AI

    2514 13TH St NW, Washington, DC 20009

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    For Sale
    $1,550,000

    Four-unit property with strong rental income potential in a prime location.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    43
    Last Refresh:
    Apr 24 at 3:33 pm

    Property Features for 2514 13TH St NW

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Ari Firoozabadi

    Listing agent Ari Firoozabadi

    Listing office GREYSTEEL COMPANY LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 GREYSTEEL COMPANY LLC

    HighLights

    • Prime Columbia Heights location near Columbia Heights and U Street Metro, 14th Street NW retail, dining, and entertainment.
    • Strong income potential with solid market‑rate rents and immediate cash flow from vacant 3‑bedroom unit (previously $3,145/month).
    • Fully renovated in 2011 with spacious layouts, high‑end finishes, and all‑electric appliances.
    • Individual HVAC systems and separately metered utilities (except water) for efficient management and reduced owner expenses.
    • Ideal for owner‑occupants with the opportunity to live on‑site and offset mortgage with rental income.
    • Very Bikeable (84), Very Walkable (85), and Excellent Transit (82) scores.

    Overview

    Located in the heart of Columbia Heights, this renovated 4-unit multifamily property offers an opportunity for owner-occupants or investors. The building features one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. Renovated in 2011, all units have spacious layouts, high-end finishes, and all-electric appliances. Each unit has an individual HVAC system and separately metered utilities, except for water. One 3-bedroom residence is currently vacant, previously rented for $3,145 per month. The property is situated blocks from the Columbia Heights and U Street Metro stops and the retail, dining, and entertainment options along 14th Street NW, and across the street from Cardozo High School. The location benefits from strong rental demand and long-term upside. The property has a bike score of 84, a walk score of 85, and a transit score of 82.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0300247
    Latitude
    38.9228568

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    FAQs

    What type of property is this?
    Apartment building - Four-unit property with strong rental income potential in a prime location.
    Where is this apartment building located?
    The property is located at 2514 13TH St NW Washington, DC.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Prime Columbia Heights location near Columbia Heights and U Street Metro, 14th Street NW retail, dining, and entertainment.; Strong income potential with solid market‑rate rents and immediate cash flow from vacant 3‑bedroom unit (previously $3,145/month).; Fully renovated in 2011 with spacious layouts, high‑end finishes, and all‑electric appliances.
    (202) 280-2722
    We can help!
    Listing Contact
    Ari Firoozabadi
    Learn More
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    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.

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