Brick Quadplex for
For Sale
Under Contract
$700,000
1616 E Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,278 SF
Lot Size0.07 Acres
Price / SF$213.54
Days on Market104
Property Features for 1616 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Subdivision
OLD CITY #1
High school
EASTERN 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
Special listing conditions
Short Sale
Standard status
Active Under Contract
Size
3,278 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
103267
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Listing Agency:
CENTURY 21 Envision
(240) 232-7005
Listed By:
Corey E Morgan · License #SP98367483
(202) 277-5179
Added: Jul 18
Changed: Oct 21
Last Checked: Oct 29 at 3:06PM
MLS# DCDC2274188
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.
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Investment Insights
Based on property information with market context.
Built in 1936, this 3,278-square-foot brick quadplex is a shell ready for renovation. Available plans and permits show a two-level layout for units with three bedrooms and two bathrooms; the plans and permits can be requested. The property occupies a 0.0669-acre lot and has on-street parking.
The property is blocks from the planned Commanders stadium.
The property is blocks from the planned Commanders stadium.
Key Highlights
- 3,278‑square‑foot brick quadplex built in 1936
- Shell condition ready for renovation
- 0.0669‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,450
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,000
$1.2M
Cap Rate 7%
$892,143
$892.1K
Cap Rate 9%
$693,889
$693.9K
Market Conditions
NOI Build-Up for 3,278 SF
Gross rent
$94.4K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$89.2K $27.22/SF
− OpEx
−$26.8K −$8.16/SF
NOI
$62.4K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,000
Cap Rate 7%
$892,143
Cap Rate 9%
$693,889
Alternative Uses
Best Use
Multifamily LT 5
$892.1K
$780.6K – $1.04M
NOI $62,450 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$797.2K
$697.6K – $930.1K
NOI $55,807 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,471 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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
Frequently Asked Questions
What type of property is this?
Quadplex - The brick property is a shell ready for renovation, with two-level unit plans and permits available upon request.
Where is this quadplex located?
The property is located at 1616 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,278‑square‑foot brick quadplex built in 1936; Shell condition ready for renovation; 0.0669‑acre lot
