Brick
For Sale
$699,000
1508 V Street SE, Washington, DC 20020
Multi-Family, WASHINGTON, DC
Property Size3,044 SF
Lot Size0.10 Acres
Price / SF$229.63
Days on Market183
Property Features for 1508 V Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Middle school
KRAMER
High school
ANACOSTIA SENIOR
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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: Sep 30
Last Checked: Oct 6 at 12:06PM
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.
This 1936 brick quadplex contains four two-bedroom, one-bathroom residences across 3,044 square feet. The units are vacant, and the building has central heating and central air conditioning. Parking is on street; the property occupies 0.096 acres at 1508 V Street SE.
The building is in Washington, DC’s Anacostia neighborhood, near Anacostia Metro Station. The source also identifies access to Downtown DC, Navy Yard, and Capitol Hill, as well as nearby Grounded Cafe and Wellness Studio, Capital One Cafe, and Busboys and Poets. Area projects and amenities named include the Barry Farm redevelopment, the planned 11th Street Bridge Park, and the Anacostia Riverwalk Trail.
The building is in Washington, DC’s Anacostia neighborhood, near Anacostia Metro Station. The source also identifies access to Downtown DC, Navy Yard, and Capitol Hill, as well as nearby Grounded Cafe and Wellness Studio, Capital One Cafe, and Busboys and Poets. Area projects and amenities named include the Barry Farm redevelopment, the planned 11th Street Bridge Park, and the Anacostia Riverwalk Trail.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 3,044 square feet on a 0.096‑acre lot
- 1936 brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,792
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,840
$1.1M
Cap Rate 7%
$768,457
$768.5K
Cap Rate 9%
$597,689
$597.7K
Market Conditions
NOI Build-Up for 3,044 SF
Gross rent
$82.2K $27.00/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$76.8K $25.25/SF
− OpEx
−$23.1K −$7.57/SF
NOI
$53.8K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,840
Cap Rate 7%
$768,457
Cap Rate 9%
$597,689
Alternative Uses
Best Use
Multifamily LT 5
$768.5K
$672.4K – $896.5K
NOI $53,792 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$686.5K
$600.7K – $800.9K
NOI $48,054 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,014 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four vacant residences each offer a two-bedroom, one-bathroom layout with central heating and air conditioning.
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 $699,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; 3,044 square feet on a 0.096‑acre lot; 1936 brick construction
