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Multifamily Four-Unit Property

1461 Chapin St NW Washington, DC 20009

1461 Chapin St NW, Washington, DC, 20009
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For Sale
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Four-unit multifamily property available for sale.

Property Size5,306 SF
Price / SF$564.46
AddedMar 24
Days on Market115
Last RefreshJul 15 at 5:20 pm

Property Features for 1461 Chapin St NW

General Information

Standard status
Active
Size
5,306 SF
Property subtype
Multifamily

Building Details

Year Built
1916

Listing office O'Ranti Homes

Listing date Mar 24, 2026

Source Crexi

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 O'Ranti Homes


Investment Insights

Based on property information with market context.

This multifamily property features four units. The total property size is 5306 square feet.

Key Highlights

  • Multifamily property with 4 units.
  • Price per unit: $748,750.
  • Built in 1916.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $175.1k $33.00
− Vacancy −$9.6k −$1.82
EGI $165.5k $31.19
− OpEx −$49.6k −$9.36
NOI $115.8k $21.83
5,306 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.65M
$1.45M – $1.93M (±1% cap)
NOI $115,827 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M (±1% cap)
NOI $103,254 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M (±1% cap)
NOI $191,047 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Four-unit multifamily property available for sale.
Where is this quadplex located?
The property is located at 1461 Chapin St NW Washington, DC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Multifamily property with 4 units.; Price per unit: $748,750.; Built in 1916.
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