Vacant Quadruplex Near Anacostia
1508 V Street SE Washington, DC 20020
For Sale
$740,000
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size3,044 SF
Lot Size0.10 Acres
Price / SF$243.10
Days on Market115
Property Features for 1508 V Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
3,044 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7229
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Redfin Corp
(202) 759-7581
Listed By:
Arielle N Nagia · License #SP200206190
(240) 401-2341
Added: Apr 7
Changed: Jun 9
Last Checked: Jul 30 at 3:06AM
MLS# DCDC2254678
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.
Investment Insights
Based on property information with market context.
The property at 1508 V St SE is a vacant four-unit quadruplex located in the Anacostia neighborhood. The building contains four units, each featuring two bedrooms and one bathroom. The units have functional layouts. The property is located minutes from the Anacostia Metro Station, providing access to Downtown DC, Navy Yard, and Capitol Hill. The 0.096-acre lot offers the opportunity to lease all units immediately or implement upgrades prior to leasing to further enhance income potential. Residents will enjoy proximity to neighborhood spots such as Grounded Cafe and Wellness Studio, Capital One Cafe, and Busboys and Poets. The area is experiencing growth with developments such as the Barry Farm redevelopment, the planned 11th Street Bridge Park, and the Anacostia Riverwalk Trail. The property contains 3,044 square feet.
Key Highlights
- Delivered fully vacant, offering immediate leasing or upgrade opportunities to maximize income potential.
- Four‑unit quadruplex in the Anacostia neighborhood.
- Four 2‑bedroom, 1‑bath units with functional layouts.
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 | $82.2k | $27.00 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $76.8k | $25.25 |
| − OpEx | −$23.1k | −$7.57 |
| NOI | $53.8k | $17.67 |
3,044 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$768.5K
$672.4K – $896.5K
NOI $53,792 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$686.5K
$600.7K – $800.9K
NOI $48,054 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,014 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four vacant units near Anacostia Metro with income potential.
Where is this quadplex located?
The property is located at 1508 V Street SE Washington, DC.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Delivered fully vacant, offering immediate leasing or upgrade opportunities to maximize income potential.; Four‑unit quadruplex in the Anacostia neighborhood.; Four 2‑bedroom, 1‑bath units with functional layouts.
