Four-Unit Residential Income
For Sale
$780,000
1733 E Street NE, Washington, DC 20002
Four 2-bedroom, 1-bath units in a 3,264 sq ft building with HVAC systems installed for each unit.
Property Size3,264 SF
Price / SF$238.97
Days on Market401
Property Features for 1733 E Street NE
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Multi-Family
Zoning
RF-1
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,939
Amenities
Natural Gas
Yes
No
Assessor
No Pool
Public
0.09
On Street
Brick/Mortar
516690.00
Building Details
Building Size
3,264 SF
Year Built
1937
Tenancy
Multi
Listing Agency:
Matlis Real Estate Services
(610) 679-0127
Listed By:
Amanda Strain · License #1540241
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Jul 28, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:56PM
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 Matlis Real Estate Services
Investment Insights
Based on property information with market context.
A four-unit residential income property at 1733 E Street NE, Washington, DC. The building contains four spacious units, each with two bedrooms and one bathroom. HVAC systems are installed for each unit, eliminating the need for window units and supporting straightforward modernization.
Located in the extended Capitol Hill corridor, the property is described as within walking distance to RFK Stadium, popular eateries, local shops, and City Winery. The public remarks also note “NO TOPA.” The offering is positioned as an opportunity for renovation, with additional expansion concepts described including an upward rooftop addition or extending outward to add bedrooms or common space.
Located in the extended Capitol Hill corridor, the property is described as within walking distance to RFK Stadium, popular eateries, local shops, and City Winery. The public remarks also note “NO TOPA.” The offering is positioned as an opportunity for renovation, with additional expansion concepts described including an upward rooftop addition or extending outward to add bedrooms or common space.
Key Highlights
- 4‑unit building with four 2‑bedroom, 1‑bath units in a 3,264 sq ft structure
- HVAC is installed for each unit (central air and natural gas heating for the property)
- Natural gas hot water and heating; central air available (per provided interior features)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,183
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,243,660
$1.2M
Cap Rate 7%
$888,329
$888.3K
Cap Rate 9%
$690,922
$690.9K
Market Conditions
NOI Build-Up for 3,264 SF
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.
Gross rent
$94.0K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$88.8K $27.22/SF
− OpEx
−$26.6K −$8.16/SF
NOI
$62.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,243,660
Cap Rate 7%
$888,329
Cap Rate 9%
$690,922
Alternative Uses
Best Use
Multifamily LT 5
$888.3K
$777.3K – $1.04M
NOI $62,183 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,965 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,066
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 1-bath units in a 3,264 sq ft building with HVAC systems installed for each unit.
Where is this quadplex located?
The property is located at 1733 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 4‑unit building with four 2‑bedroom, 1‑bath units in a 3,264 sq ft structure; HVAC is installed for each unit (central air and natural gas heating for the property); Natural gas hot water and heating; central air available (per provided interior features)
