Listing Agency: EXP Realty, LLC m***@exprealty.net Show Phone

Listed By: O'Ranti J. Robinson · License #BR98372120 Show Phone

Source: Exprealty

Added: Aug 11, 2025 Changed: Sep 23 Last Checked: Oct 5 at 8:14PM

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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 EXP Realty, LLC

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.

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 (±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 authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store Auto Parts Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,390

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

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.