Brick Quadplex with Fenced
For Sale
Under Contract
$700,000
162 36TH Street NE, Washington, DC 20019
Multi-Family, WASHINGTON, DC
Property Size3,400 SF
Lot Size0.08 Acres
Price / SF$205.88
Days on Market52
Property Features for 162 36TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Interior features
Crown Moldings, Kitchen - Galley, Wood Floors
Subdivision
DEANWOOD
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 Under Contract
Size
3,400 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
6030
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
hardwood floors
crown molding
galley kitchens
front and rear entrances
fenced backyard
patio
storage shed
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Houwzer, LLC
(202) 866-8787
Listed By:
Angela Allison
(540) 316-7589
Added: Jul 10
Changed: Aug 19
Last Checked: Aug 30 at 4:06PM
MLS# DCDC2272480
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 all-brick quadplex contains four two-bedroom, one-bath units with hardwood flooring, crown molding, galley kitchens, and front and rear entrances. Central air, hot water heating, and separate gas and electric metering serve the property. The building provides approximately 3,400 finished square feet on a 0.0776-acre lot, with a fenced backyard, patio, storage shed, and on-street parking. A new roof was installed in 2021.
Two residences are tenant occupied and two are vacant, creating the flexibility for an investor or an owner-occupant. Built in 1941, the property is located in Washington, DC, near the Minnesota Avenue and Benning Road Metro stations. Additional nearby context includes I-295, the H Street Corridor, parks, the Anacostia River Trail, shopping, and dining. The property is being sold As-Is.
Two residences are tenant occupied and two are vacant, creating the flexibility for an investor or an owner-occupant. Built in 1941, the property is located in Washington, DC, near the Minnesota Avenue and Benning Road Metro stations. Additional nearby context includes I-295, the H Street Corridor, parks, the Anacostia River Trail, shopping, and dining. The property is being sold As-Is.
Key Highlights
- Four 2‑bedroom, 1‑bath units in an all‑brick quadplex
- Approximately 3,400 finished square feet on 0.0776 acres
- Two units tenant occupied and two units vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,172,800
$1.2M
Cap Rate 7%
$837,714
$837.7K
Cap Rate 9%
$651,556
$651.6K
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$113.4K $33.36/SF
− Vacancy
−$6.8K −$2.00/SF
EGI
$106.6K $31.36/SF
− OpEx
−$48.0K −$14.11/SF
NOI
$58.6K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,172,800
Cap Rate 7%
$837,714
Cap Rate 9%
$651,556
Alternative Uses
Best Use
Multifamily LT 5
$937.6K
$820.4K – $1.09M
NOI $65,634 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$837.7K
$733.0K – $977.3K
NOI $58,640 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,897 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include hardwood floors, galley kitchens, and front and rear entrances.
Where is this quadplex located?
The property is located at 162 36TH 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: Four 2‑bedroom, 1‑bath units in an all‑brick quadplex; Approximately 3,400 finished square feet on 0.0776 acres; Two units tenant occupied and two units vacant
