4-Unit Brick
For Sale
$629,000
1322 DOWNING Place NE, Washington, DC 20018
Multi-Family, WASHINGTON, DC
Property Size2,600 SF
Lot Size0.08 Acres
Price / SF$241.92
Days on Market14
Property Features for 1322 DOWNING Place NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,600 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
6395
Utilities
Heating system
Other (Heating)
Building Details
Year built
1943
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 335-7325
Added: Sep 23
Changed: Sep 28
Last Checked: Oct 6 at 12:06PM
MLS# DCDC2284044
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 4-unit brick building at 1322 Downing Place NE in Washington, DC, contains 2,600 square feet and includes a basement. Constructed in 1943, it sits on a 0.0765-acre lot. Three units are occupied, and one is vacant, offering a mix of current occupancy and a unit available for occupancy or leasing.
The property is in Northeast Washington, DC. Buyers should verify lease terms, Certificate of Occupancy status, Basic Business License requirements, and eligibility for any rent-control exemption through their own due diligence.
The property is in Northeast Washington, DC. Buyers should verify lease terms, Certificate of Occupancy status, Basic Business License requirements, and eligibility for any rent-control exemption through their own due diligence.
Key Highlights
- Four‑unit brick building constructed in 1943
- Three occupied units and one vacant unit
- 2,600 square feet with a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,585
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,700
$931.7K
Cap Rate 7%
$665,500
$665.5K
Cap Rate 9%
$517,611
$517.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$70.2K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$66.5K $25.60/SF
− OpEx
−$20.0K −$7.68/SF
NOI
$46.6K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$931,700
Cap Rate 7%
$665,500
Cap Rate 9%
$517,611
Alternative Uses
Best Use
Multifamily LT 5
$665.5K
$582.3K – $776.4K
NOI $46,585 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$617.1K
$540.0K – $720.0K
NOI $43,200 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,615 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three apartments are occupied, while a fourth is vacant for a new occupant or lease-up.
Where is this quadplex located?
The property is located at 1322 DOWNING Place NE Washington, DC.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Four‑unit brick building constructed in 1943; Three occupied units and one vacant unit; 2,600 square feet with a basement
