Washington DC Multifamily
For Sale
$520,000
1338 4TH ST SW T1338, Washington, DC 20024
Multifamily property for sale in Washington, DC.
Property Size1,287 SF
Days on Market322
Property Features for 1338 4TH ST SW T1338
General Information
Standard status
Active
Size
1,287 SF
Property subtype
Residential
Building Details
Building Size
1,287 SF
Year Built
1962
Listed By:
Hannah Clancy-Thompson
(301) 377-9757
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 13
Last Checked: Oct 15 at 1:18AM
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 Hannah Clancy-Thompson
Investment Insights
Based on property information with market context.
A multifamily property located in Washington, DC, is available for sale. The property is listed for $520,000.
Key Highlights
- Year Built: 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,384
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 1,287 SF
Gross rent
$40.9K $31.80/SF
− Vacancy
−$2.0K −$1.59/SF
EGI
$38.9K $30.21/SF
− OpEx
−$17.5K −$13.59/SF
NOI
$21.4K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.0K
$579.2K – $772.3K
NOI $46,339 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 20024, DC
15,952
Population
11,560
Households
1.4
Avg Household Size
37
Median Age
70%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
7,251
Density / Sq Mi
$102,623
Median Household Income
$94,419
Median Earnings
$2,121
Median Rent
$497,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Washington, DC.
Where is this apartment building located?
The property is located at 1338 4TH ST SW T1338 Washington, DC.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Year Built: 1962
