Brick-Front Quadplex with Private
For Sale
$625,000
Pending
1409 Staples Street Northeast, Washington, DC 20002
Four self-contained residential units feature kitchens, living and dining areas, bathrooms, and separate entrances.
Property Size3,250 SF
Days on Market267
Property Features for 1409 Staples Street Northeast
General Information
Standard status
Pending
Size
3,250 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,242
Amenities
central A/C
No
Disposal, Exhaust Fan, Oven - Single, Oven/Range - Electric, Oven/Range - Gas, Stove, Water Heater
Bathroom - Tub Shower, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Traditional, Floor Plan - Open
Other
No Pool
Sidewalks, Street Lights
Building Details
Year Built
1937
Buildings
1
Construction
Brick Front
Listing Agency:
Great American Real Estate Inc
(240) 645-7907
Listed By:
Emmanuel A Nwude · License #100120
(240) 645-7907
Source:
Compass
Added: Dec 6, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:24PM
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 Great American Real Estate Inc
Investment Insights
Based on property information with market context.
This 3,250-square-foot quadplex contains four self-contained units within a brick-front building constructed in 1937. Each residence includes a kitchen, living area, dining area, bathroom with tub, and its own entrance, while the building also provides a shared front-door entry. Central A/C serves the property. Interior details include traditional and open floor-plan elements, entry-level bedrooms, water heaters, exhaust fans, and disposals.
The property is located at 1409 Staples Street Northeast in Washington, DC, within city limits. Sidewalks and street lights are present along the surrounding streets. The property is served by District of Columbia Public Schools.
The property is located at 1409 Staples Street Northeast in Washington, DC, within city limits. Sidewalks and street lights are present along the surrounding streets. The property is served by District of Columbia Public Schools.
Key Highlights
- Four‑unit brick‑front building with 3,250 square feet
- Each unit includes a kitchen, living area, dining area, bathroom, and separate entrance
- Shared front‑door entry complements the individual unit entrances
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
$55,330
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
8.85%
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%
$1,106,600
$1.1M
Cap Rate 7%
$790,429
$790.4K
Cap Rate 9%
$614,778
$614.8K
Market Conditions
NOI Build-Up for 3,250 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
$107.3K $33.00/SF
− Vacancy
−$6.6K −$2.05/SF
EGI
$100.6K $30.95/SF
− OpEx
−$45.3K −$13.93/SF
NOI
$55.3K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,106,600
Cap Rate 7%
$790,429
Cap Rate 9%
$614,778
Alternative Uses
Best Use
Multifamily LT 5
$884.5K
$774.0K – $1.03M
NOI $61,916 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$790.4K
$691.6K – $922.2K
NOI $55,330 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,459 @ 7.0% cap · market cap 18.79%
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
1,604
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
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 - Four self-contained residential units feature kitchens, living and dining areas, bathrooms, and separate entrances.
Where is this quadplex located?
The property is located at 1409 Staples Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four‑unit brick‑front building with 3,250 square feet; Each unit includes a kitchen, living area, dining area, bathroom, and separate entrance; Shared front‑door entry complements the individual unit entrances
