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Turnkey Income Property in D.C.

1305 ORREN Street NE Washington, DC 20002

1305 ORREN Street NE, Washington, DC, 20002
$1,000,000
For Sale
Claim this Listing
$1,000,000

MULTI_FAMILY - WASHINGTON, DC

Property Size3,144 SF
Lot Size0.06 Acres
Price / SF$318.07
AddedJan 26
Days on Market171
Last RefreshJul 16 at 4:06 am

Property Features for 1305 ORREN Street NE

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Off Street, Assigned
Appliances
Stove, Refrigerator, Washer, Dryer
Standard status
Active
Size
3,144 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
8777

Utilities

Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
1932
Number of units
4
Building materials
Brick

Listing agent Christopher Craddock License #0225207192

Listing office EXP Realty, LLC 800 Maine Avenue unit: 200, Washington, DC

Listing date Jan 26, 2026

MLS# DCDC2241566 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a well-cared-for brick 4-unit property located in the vibrant Trinidad neighborhood. The property includes four 1-bedroom, 1-bathroom units, each offering a classic layout with hardwood floors, ample natural light, and efficient kitchens. Three units are currently tenant-occupied, providing immediate rental income, while the remaining unit is vacant and ready for lease or owner occupancy. The property is ideal for investors seeking steady cash flow or homeowners looking to live in one unit while renting out the others. The property is in pristine condition. Located minutes from Gallaudet University, Union Market, the dynamic H Street Corridor, Ivy City, and a host of restaurants, shops, and transit options including Metrobus routes and bike lanes. Local favorites like Toki Underground, Aldi, and J&J Pizza are within easy reach, offering urban convenience in a rapidly growing area. The property is a rare find in an unbeatable location. The property size is 3144 square feet and the lot size is 0.0635 acres.

Key Highlights

  • Brick 4‑unit building built in 1932 with four 1‑bedroom, 1‑bath units
  • 3 units currently tenant‑occupied for immediate rental income; 1 vacant unit ready for lease or owner occupancy
  • Each unit includes a classic layout with hardwood floors and efficient kitchens

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 $90.5k $28.80
− Vacancy −$5.0k −$1.58
EGI $85.6k $27.22
− OpEx −$25.7k −$8.16
NOI $59.9k $19.05
3,144 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$855.7K
$748.7K – $998.3K (±1% cap)
NOI $59,897 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$764.7K
$669.1K – $892.1K (±1% cap)
NOI $53,526 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M (±1% cap)
NOI $113,628 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Four-unit property in a prime D.C. location.
Where is this quadplex located?
The property is located at 1305 ORREN Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Brick 4‑unit building built in 1932 with four 1‑bedroom, 1‑bath units; 3 units currently tenant‑occupied for immediate rental income; 1 vacant unit ready for lease or owner occupancy; Each unit includes a classic layout with hardwood floors and efficient kitchens
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