Fully Occupied Brick
New
For Sale
$875,000
1724 CAPITOL NE, Washington, DC 20002
Four one-bedroom units feature individual electric meters, heat pumps, private decks, and access to a shared rear storage building.
Property Size3,216 SF
Days on Market4
Property Features for 1724 CAPITOL NE
General Information
Standard status
Active
Size
3,216 SF
Property subtype
Investment
Occupancy
100%
Financials
Cap Rate
5.7%
Gross Income
$66,516
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,242
Amenities
private decks
classic front porch
rear storage building with roll-up door
Building Details
Building Size
3,216 SF
Year Built
1937
Units
4
Construction
brick
Listing Agency:
Compass
Listed By:
Luis A Vivas · License #SP98361541
(240) 479-9124
Source:
Elliman
Added: Sep 10
Last Checked: Sep 12 at 9:04AM
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 Compass
Investment Insights
Based on property information with market context.
This 4-unit brick quadplex at 1724 CAPITOL NE in Washington, DC, was constructed in 1937 and is fully occupied. Each residence is configured as a one-bedroom unit with separate electric metering and its own heat pump. Exterior features include private decks, a traditional front porch, and a rear storage building equipped with a roll-up door. On-street parking serves the property.
The property is positioned in DC’s Brentwood corridor, with Gallaudet University and Union Market identified nearby. The building’s flat roof was resurfaced in 2024, and a valid Certificate of Occupancy is on file. Mobility scores include a bike score of 90, a walk score of 76, and a transit score of 68, reflecting access to biking, walking, and public transportation options.
The property is positioned in DC’s Brentwood corridor, with Gallaudet University and Union Market identified nearby. The building’s flat roof was resurfaced in 2024, and a valid Certificate of Occupancy is on file. Mobility scores include a bike score of 90, a walk score of 76, and a transit score of 68, reflecting access to biking, walking, and public transportation options.
Key Highlights
- Fully occupied 4‑unit quadplex in Washington, DC
- 1937 brick construction with a flat roof resurfaced in 2024
- Each unit is one‑bedroom with individual electric metering and a private heat pump
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
$61,269
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
7.00%
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%
$1,225,380
$1.2M
Cap Rate 7%
$875,271
$875.3K
Cap Rate 9%
$680,767
$680.8K
Market Conditions
NOI Build-Up for 3,216 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
$92.6K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.5K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.3K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /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%
$1,225,380
Cap Rate 7%
$875,271
Cap Rate 9%
$680,767
Alternative Uses
Best Use
Multifamily LT 5
$875.3K
$765.9K – $1.02M
NOI $61,269 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$782.2K
$684.4K – $912.5K
NOI $54,751 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,230 @ 7.0% cap · market cap 13.28%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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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?
Quadplex - Four one-bedroom units feature individual electric meters, heat pumps, private decks, and access to a shared rear storage building.
Where is this quadplex located?
The property is located at 1724 CAPITOL NE Washington, DC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully occupied 4‑unit quadplex in Washington, DC; 1937 brick construction with a flat roof resurfaced in 2024; Each unit is one‑bedroom with individual electric metering and a private heat pump
