Vacant 4-Unit Apartment
4512 MACARTHUR Blvd NW Washington, DC 20007
4512 MACARTHUR Blvd NW, Washington, DC, 20007
$1,600,000
For Sale
$1,600,000
Fully vacant quadplex with updated roof, separately metered utilities, and off-street parking on a large RA-1 lot.
Property Size3,848 SF
Price / SF$415.80
Days on Market31
Property Features for 4512 MACARTHUR Blvd NW
General Information
- Standard status
- Active
- Size
- 3,848 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1937
Listing agency
Greysteel Company LLC
(202) 280-2722
Listed by
Ari Firoozabadi · License #SP200205538
(202) 280-2722
Source
Elliman
Added: Jun 22 Updated: Jul 10 at 2:03PM Checked: Jul 21 at 9:03AM
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
Investment Insights
Based on property information with market context.
This fully vacant 4-unit apartment building is a Palisades quad-plex configured as two 2-bedroom/1-bath units and two 1-bedroom plus den/1-bath units. The property offers approximately 3,848 square feet of gross living area across two stories, plus a semi-finished basement. All units are separately metered for gas and electricity, and each unit is served by its own newly installed Weil-McLain boiler, helping streamline utility responsibility to tenants aside from water and sewer. The building has undergone significant improvements, including a new roof (2022), upgraded windows, granite and quartz countertops, dishwashers and modernized appliances, and the installation of an off-street parking pad.
Located at 4512 MacArthur Boulevard NW, the property sits on a large 6,066 square foot lot zoned RA-1. Per the seller, it is the only building on this block with a curb cut and off-street parking. The area offers very walkable and bikeable conditions with excellent transit accessibility, and the building falls within the Key Elementary School district. The property is also described as serving rental demand from young professionals and graduate students connected with nearby Georgetown and George Washington Universities, multiple hospitals, and northern Virginia.
With 100% vacancy, the property is exempt from TOPA and rent control, creating flexibility for investors and owner-occupants. A buyer can occupy one unit while generating income from the others, or pursue market rents on all four units without below-market leases to inherit. The RA-1 lot also supports future possibilities to expand the building, add units, or consider a condominium conversion, subject to required approvals.
Located at 4512 MacArthur Boulevard NW, the property sits on a large 6,066 square foot lot zoned RA-1. Per the seller, it is the only building on this block with a curb cut and off-street parking. The area offers very walkable and bikeable conditions with excellent transit accessibility, and the building falls within the Key Elementary School district. The property is also described as serving rental demand from young professionals and graduate students connected with nearby Georgetown and George Washington Universities, multiple hospitals, and northern Virginia.
With 100% vacancy, the property is exempt from TOPA and rent control, creating flexibility for investors and owner-occupants. A buyer can occupy one unit while generating income from the others, or pursue market rents on all four units without below-market leases to inherit. The RA-1 lot also supports future possibilities to expand the building, add units, or consider a condominium conversion, subject to required approvals.
Key Highlights
- Fully vacant 4‑unit apartment building (2x 2BD/1BA and 2x 1BD + den/1BA) with approx. 3,848 SF gross living area across two stories plus semi‑finished basement
- New roof (2022) plus upgraded windows, granite and quartz countertops, and updated appliances/dishwashers
- Separate metering for gas and electricity across all four units; each unit has its own Weil‑McLain boiler for pass‑through of virtually all utility costs except water/sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.9k | $27.00 |
| − Vacancy | −$5.4k | −$1.40 |
| EGI | $98.5k | $25.60 |
| − OpEx | −$29.5k | −$7.68 |
| NOI | $68.9k | $17.92 |
3,848 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$984.9K
$861.8K – $1.15M
NOI $68,945 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$913.4K
$799.2K – $1.07M
NOI $63,936 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,550 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully vacant quadplex with updated roof, separately metered utilities, and off-street parking on a large RA-1 lot.
Where is this quadplex located?
The property is located at 4512 MACARTHUR Blvd NW Washington, DC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully vacant 4‑unit apartment building (2x 2BD/1BA and 2x 1BD + den/1BA) with approx. 3,848 SF gross living area across two stories plus semi‑finished basement; New roof (2022) plus upgraded windows, granite and quartz countertops, and updated appliances/dishwashers; Separate metering for gas and electricity across all four units; each unit has its own Weil‑McLain boiler for pass‑through of virtually all utility costs except water/sewer
