Trinidad Multifamily Value-Add
For Sale
$699,000
Pending
1431 Holbrook Street Northeast, Washington, DC 20002
Four-unit property in Trinidad with immediate upside potential.
Property Size3,272 SF
Days on Market189
Property Features for 1431 Holbrook Street Northeast
General Information
Standard status
Pending
Size
3,272 SF
Property subtype
Multi-Family / Fee Simple
Taxes and HOA fees
Annual Taxes
$6,479
Amenities
No
Other
No Pool
Building Details
Year Built
1941
Listing Agency:
RLAH @properties
Listed By:
RAYNALE BELL · License #SP98377282
(301) 247-1539
Source:
Compass
Added: Apr 10
Changed: Oct 2
Last Checked: Oct 15 at 1:09AM
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 RLAH @properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the Trinidad neighborhood, this four-unit multifamily property presents a value-add opportunity. The property has two vacant units and two occupied units. This property is suitable for investors, developers, or owner-occupants. It is sold as is. The location has a bike score of 53, indicating it is bikeable. The walk score is 67, meaning it is somewhat walkable, and the transit score is 62, indicating good transit options.
Key Highlights
- Value‑add opportunity with immediate upside due to two vacant units.
- Multifamily property in the rapidly developing Trinidad neighborhood.
- Ideal for investors, developers, or owner‑occupants (house hacking).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,336
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,720
$1.2M
Cap Rate 7%
$890,514
$890.5K
Cap Rate 9%
$692,622
$692.6K
Market Conditions
NOI Build-Up for 3,272 SF
Gross rent
$94.2K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$89.1K $27.22/SF
− OpEx
−$26.7K −$8.16/SF
NOI
$62.3K $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 Rate 5%
$1,246,720
Cap Rate 7%
$890,514
Cap Rate 9%
$692,622
Alternative Uses
Best Use
Multifamily LT 5
$890.5K
$779.2K – $1.04M
NOI $62,336 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$795.8K
$696.3K – $928.4K
NOI $55,705 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,254 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in Trinidad with immediate upside potential.
Where is this quadplex located?
The property is located at 1431 Holbrook Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Value‑add opportunity with immediate upside due to two vacant units.; Multifamily property in the rapidly developing Trinidad neighborhood.; Ideal for investors, developers, or owner‑occupants (house hacking).
