Renovated 4-Unit Contemporary
For Sale
Under Contract
$2,995,000
1461 CHAPIN Street NW, Washington, DC 20009
Multi-Family, WASHINGTON, DC
Property Size5,306 SF
Lot Size0.05 Acres
Price / SF$564.46
Days on Market337
Property Features for 1461 CHAPIN Street NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
2
Parking features
Driveway, Garage, On Street
Subdivision
COLUMBIA HEIGHTS
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
In Foreclosure
Standard status
Active Under Contract
Size
5,306 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
35230
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Building Details
Year built
1916
Number of units
4
Building materials
Brick
Architectural style
Contemporary
Buildings
1
Listing Agency:
EXP Realty, LLC
(888) 860-7369
Listed By:
O'Ranti J. Robinson · License #BR98372120
(301) 318-1427
Added: Nov 26, 2025
Changed: Oct 28
Last Checked: Oct 29 at 11:06PM
MLS# DCDC2223342
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,306-square-foot brick quadplex contains four residences and is offered as one building. Units 1 through 3 each have 2 bedrooms and 2 bathrooms; the three-level penthouse has 3 bedrooms and 3.5 bathrooms, a private rooftop, and a rear balcony. Interior features include contemporary finishes, marble kitchen counters, oak flooring, custom windows and doors, in-unit washers and dryers, and tankless water heaters. The building was constructed in 1916 and renovated a few years ago.
A secure rear parking lot and garage, with a separate deed and tax number, are included in the sale. The property is in Columbia Heights, near the U Street Corridor, 14th and 16th Streets, Meridian Hill Park, and restaurants.
A secure rear parking lot and garage, with a separate deed and tax number, are included in the sale. The property is in Columbia Heights, near the U Street Corridor, 14th and 16th Streets, Meridian Hill Park, and restaurants.
Key Highlights
- Four residences offered together in a 5,306‑square‑foot brick building
- Units 1–3 each have 2 bedrooms and 2 bathrooms
- Three‑level penthouse with 3 bedrooms, 3.5 bathrooms, rooftop, and rear balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,827
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,316,540
$2.3M
Cap Rate 7%
$1,654,671
$1.7M
Cap Rate 9%
$1,286,967
$1.3M
Market Conditions
NOI Build-Up for 5,306 SF
Gross rent
$175.1K $33.00/SF
− Vacancy
−$9.6K −$1.82/SF
EGI
$165.5K $31.19/SF
− OpEx
−$49.6K −$9.36/SF
NOI
$115.8K $21.83/SF
Area
ZIP 20009
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,316,540
Cap Rate 7%
$1,654,671
Cap Rate 9%
$1,286,967
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,827 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,254 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,047 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,390
Businesses Nearby
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Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences offer two-bedroom layouts, while the penthouse spans three levels with a private rooftop and rear balcony.
Where is this quadplex located?
The property is located at 1461 CHAPIN Street 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: Four residences offered together in a 5,306‑square‑foot brick building; Units 1–3 each have 2 bedrooms and 2 bathrooms; Three‑level penthouse with 3 bedrooms, 3.5 bathrooms, rooftop, and rear balcony
