Vacant Four-Unit
For Sale
$599,000
133 35TH STREET NE, Washington, DC 20019
RA-1-zoned multifamily property with four residential units delivered vacant.
Property Size2,720 SF
Price / SF$220.22
Days on Market21
Property Features for 133 35TH STREET NE
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Quadruplex
Zoning
RA-1
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,856
Building Details
Building Size
2,720 SF
Year Built
1942
Buildings
1
Construction
garden-style
Listing Agency:
Long & Foster Real Estate, Inc.
(202) 262-6968
Listed By:
Henry S Purcell · License #AB98364207
(202) 262-6968
Source:
Kwcapitalproperties
Added: Aug 3
Changed: Aug 15
Last Checked: Aug 23 at 7:43AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This four-unit multifamily building contains 2,720 SF and is offered vacant for a new owner’s occupancy or leasing strategy. Constructed in 1942, the property is classified under RA-1 zoning and is configured as a quadplex, making the unit count and existing residential layout central to the offering.
The property is located at 133 35TH STREET NE in Washington, DC 20019. Its established construction date, four-unit configuration, and vacant delivery provide a clearly defined starting point for evaluating the asset’s next use within the existing multifamily framework.
The property is located at 133 35TH STREET NE in Washington, DC 20019. Its established construction date, four-unit configuration, and vacant delivery provide a clearly defined starting point for evaluating the asset’s next use within the existing multifamily framework.
Key Highlights
- Four‑unit quadplex configuration
- 2,720 SF multifamily building
- Delivered vacant
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
$52,507
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
8.77%
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%
$1,050,140
$1.1M
Cap Rate 7%
$750,100
$750.1K
Cap Rate 9%
$583,411
$583.4K
Market Conditions
NOI Build-Up for 2,720 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
$80.0K $29.40/SF
− Vacancy
−$5.0K −$1.82/SF
EGI
$75.0K $27.58/SF
− OpEx
−$22.5K −$8.27/SF
NOI
$52.5K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /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%
$1,050,140
Cap Rate 7%
$750,100
Cap Rate 9%
$583,411
Alternative Uses
Best Use
Multifamily LT 5
$750.1K
$656.3K – $875.1K
NOI $52,507 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$670.2K
$586.4K – $781.9K
NOI $46,912 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,317 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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 - RA-1-zoned multifamily property with four residential units delivered vacant.
Where is this quadplex located?
The property is located at 133 35TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 2,720 SF multifamily building; Delivered vacant
