Four-Unit Brick Apartment
New
For Sale
$1,195,000
138 6TH STREET NE, Washington, DC 20002
Each residence has private outdoor space, in-unit laundry, and separately metered electricity.
Property Size2,880 SF
Price / SF$414.93
Days on Market3
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Property Features for 138 6TH STREET NE
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Quadruplex
Occupancy
100%
Financials
Gross Income
$117,360
Average Monthly Rent
$2,445
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,643
Amenities
private outdoor space
in-unit washers and dryers
Building Details
Building Size
2,880 SF
Year Built
1892
Buildings
1
Stories
3
Construction
brick rowhouse
Tenancy
Multi
Listing Agency:
Horvath & Tremblay MD, LLC
Listed By:
Christian Barreiro · License #SP98373426
(202) 534-3003
Source:
Barnesrealestatecompany
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 9:27PM
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 Horvath & Tremblay MD, LLC
Investment Insights
Based on property information with market context.
This 2,880-square-foot brick apartment property contains four one-bedroom, one-bathroom units arranged across three above-grade stories. Built in 1892, the building includes bay windows, and each apartment has private outdoor space and an in-unit washer and dryer. All four units are occupied by month-to-month tenants. Electricity is separately metered. Improvements include a replacement roof and skylight, a boiler installed in 2023, updated flooring, and other work in the apartments and shared areas.
At 138 6th Street NE in Washington, DC, the property is about one block from Stanton Park. Union Station, the U.S. Capitol, Eastern Market, H Street, and Red Line Metro service are within walking distance. The sale is exempt from TOPA. The four-unit configuration may be eligible for DC Rent Control exemptions, subject to applicable requirements.
At 138 6th Street NE in Washington, DC, the property is about one block from Stanton Park. Union Station, the U.S. Capitol, Eastern Market, H Street, and Red Line Metro service are within walking distance. The sale is exempt from TOPA. The four-unit configuration may be eligible for DC Rent Control exemptions, subject to applicable requirements.
Key Highlights
- Four apartments, each with one bedroom and one bathroom, across three above‑grade stories
- 2,880 square feet; built in 1892 with brick construction and bay windows
- All four units are occupied by month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,867
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,340
$1.1M
Cap Rate 7%
$783,814
$783.8K
Cap Rate 9%
$609,633
$609.6K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$82.9K $28.80/SF
− Vacancy
−$4.6K −$1.58/SF
EGI
$78.4K $27.22/SF
− OpEx
−$23.5K −$8.16/SF
NOI
$54.9K $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 Rate 5%
$1,097,340
Cap Rate 7%
$783,814
Cap Rate 9%
$609,633
Alternative Uses
Best Use
Multifamily LT 5
$783.8K
$685.8K – $914.5K
NOI $54,867 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$700.4K
$612.9K – $817.2K
NOI $49,031 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,086 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,779
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has private outdoor space, in-unit laundry, and separately metered electricity.
Where is this quadplex located?
The property is located at 138 6TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom, across three above‑grade stories; 2,880 square feet; built in 1892 with brick construction and bay windows; All four units are occupied by month‑to‑month tenants
