Four-Unit Quadplex with
For Sale
$1,800,000
513-519 12th Street Southeast, Washington, DC 20003
Separately metered residences include central air conditioning, in-unit laundry, dishwashers, and private entrances.
Property Size4,190 SF
Price / SF$429.59
Days on Market826
Property Features for 513-519 12th Street Southeast
General Information
Standard status
Active
Size
4,190 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,563
Amenities
washer
dryer
dishwasher
balconies
central A/C and heat
No
No Pool
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
(301) 706-0991
Listed By:
Regina S Wood · License #586308
(301) 706-0991
Source:
Compass
Added: May 27, 2024
Changed: Aug 30
Last Checked: Aug 30 at 3:34AM
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.
Built in 1910, this 4,190-square-foot quadplex contains four residences arranged with two units on each level. Each unit offers two bedrooms and one bathroom, with a separate entry door, individual metering, central A/C and heat, a washer, dryer, and dishwasher. Two units are currently vacant, while the property is being sold as-is. Rear balconies overlook the yard and add outdoor space to the residential layout.
The property is located at 513-519 12th Street Southeast in Washington, DC, within a historic district and approximately two blocks from a metro rail station. It is also near the Washington Navy Base and lies within the District of Columbia Public Schools system. The property carries R zoning and is within city limits.
The property is located at 513-519 12th Street Southeast in Washington, DC, within a historic district and approximately two blocks from a metro rail station. It is also near the Washington Navy Base and lies within the District of Columbia Public Schools system. The property carries R zoning and is within city limits.
Key Highlights
- Four units totaling 4,190 square feet, with two residences upstairs and two downstairs
- Each unit has 2 beds and one bath
- Two units are vacant for immediate occupancy or leasing
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
$75,073
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
4.17%
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%
$1,501,460
$1.5M
Cap Rate 7%
$1,072,471
$1.1M
Cap Rate 9%
$834,144
$834.1K
Market Conditions
NOI Build-Up for 4,190 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
$113.1K $27.00/SF
− Vacancy
−$5.9K −$1.40/SF
EGI
$107.2K $25.60/SF
− OpEx
−$32.2K −$7.68/SF
NOI
$75.1K $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 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%
$1,501,460
Cap Rate 7%
$1,072,471
Cap Rate 9%
$834,144
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.4K – $1.25M
NOI $75,073 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$994.6K
$870.2K – $1.16M
NOI $69,619 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,864 @ 7.0% cap · market cap 8.38%
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
2,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
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 - Separately metered residences include central air conditioning, in-unit laundry, dishwashers, and private entrances.
Where is this quadplex located?
The property is located at 513-519 12th Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four units totaling 4,190 square feet, with two residences upstairs and two downstairs; Each unit has 2 beds and one bath; Two units are vacant for immediate occupancy or leasing
