Four-Unit
For Sale
$575,000
1614 R Street SE, Washington, DC 20020
Multi-Family, WASHINGTON, DC
Property Size3,312 SF
Lot Size0.08 Acres
Price / SF$173.61
Days on Market60
Property Features for 1614 R Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Subdivision
ANACOSTIA
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
3,312 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5174
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Listing Agency:
Samson Properties
(301) 760-2136
Listed By:
Christopher M Chambers · License #SP98373958
(301) 775-4710
Added: Aug 8
Changed: Aug 19
Last Checked: Oct 6 at 7:06AM
MLS# DCDC2277768
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 3,312-square-foot brick quadplex, built in 1936, contains four residential units. The two upper-level apartments each have two bedrooms and one full bathroom. On the lower level, one vacant unit includes a bedroom and den, while the other is occupied by a long-term tenant. Three units have been updated within the past five years, and the property includes a large backyard with outdoor space for residents.
Located at 1614 R Street SE in Washington, DC, the property offers access to Pennsylvania Avenue, Minnesota Avenue, public transportation, neighborhood amenities, and I-295. The 0.0848-acre lot provides a residential income property with three vacant units and one existing tenancy at conveyance.
Located at 1614 R Street SE in Washington, DC, the property offers access to Pennsylvania Avenue, Minnesota Avenue, public transportation, neighborhood amenities, and I-295. The 0.0848-acre lot provides a residential income property with three vacant units and one existing tenancy at conveyance.
Key Highlights
- Four‑unit quadplex with 3,312 square feet
- Three of four units are vacant; one is occupied by a long‑term tenant
- Two upper‑level units each offer 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,285
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,700
$1.0M
Cap Rate 7%
$746,929
$746.9K
Cap Rate 9%
$580,944
$580.9K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$101.3K $30.60/SF
− Vacancy
−$6.3K −$1.90/SF
EGI
$95.1K $28.70/SF
− OpEx
−$42.8K −$12.92/SF
NOI
$52.3K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,700
Cap Rate 7%
$746,929
Cap Rate 9%
$580,944
Alternative Uses
Best Use
Multifamily LT 5
$836.1K
$731.6K – $975.5K
NOI $58,528 @ 7.0% cap · market cap 10.18%
Second Best
Apartment 5plus
$746.9K
$653.6K – $871.4K
NOI $52,285 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,699 @ 7.0% cap · market cap 20.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,256
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Three residences are vacant, while one remains occupied by a long-term tenant.
Where is this quadplex located?
The property is located at 1614 R Street SE Washington, DC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,312 square feet; Three of four units are vacant; one is occupied by a long‑term tenant; Two upper‑level units each offer 2 bedrooms and 1 full bathroom
