For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Quadruplex Near Anacostia Metro Title is generated by Realmo AI

    1508 V Street SE, Washington, DC 20020

    View on Map
    Claim this Listing
    For Sale
    $740,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    3,044 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $243/SF
    Added:
    Apr 7, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 14 at 5:06 pm

    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

    We can help!

    Listing Contact
    Arielle N Nagia

    Listing agent Arielle N Nagia License #SP200206190

    Listing office Redfin Corp 2001 S Street unit: 200, Falls Church, DC

    Listing date Apr 7, 2026

    MLS# DCDC2254678 Listing URL

    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.

    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.
    • Minutes from Anacostia Metro Station with easy access to Downtown DC, Navy Yard, and Capitol Hill.
    • Close proximity to popular neighborhood spots like Grounded Cafe, Capital One Cafe, and Busboys and Poets.
    • Located in an area with ongoing major developments, including Barry Farm redevelopment and the 11th Street Bridge Park.

    Overview

    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.

    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 $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 (±1% cap)
    NOI $53,792 @ 7.0% cap · market cap 7.27%
    Second Best
    Apartment 5plus
    $686.5K
    $600.7K – $800.9K (±1% cap)
    NOI $48,054 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Office A
    $1.57M
    $1.38M – $1.83M (±1% cap)
    NOI $110,014 @ 7.0% cap · market cap 14.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.98326
    Latitude
    38.86487

    FAQs

    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.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message