Four-Unit Brick
For Sale
$749,950
1633 W VIRGINIA Avenue NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,782 SF
Lot Size0.12 Acres
Price / SF$269.57
Days on Market759
Property Features for 1633 W VIRGINIA Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Off Street, Alley
Subdivision
TRINIDAD
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
2,782 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
7213
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1931
Floors in Building
2
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
Noble Davis · License #BR200201693
(202) 409-6326
Added: Sep 17, 2024
Changed: Sep 16
Last Checked: Oct 15 at 9:06PM
MLS# DCDC2159650
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.
This 2,782-square-foot quadplex, built in 1931, contains four residential units: two with two bedrooms and one bathroom each, along with two one-bedroom, one-bath units. Two apartments are vacant, while the remaining two are occupied under month-to-month arrangements. The property has a replaced roof and completed improvements, with brick construction, window-unit cooling, and off-street and alley parking.
Set on 0.1174 acres, the property is near shopping, restaurants, public transportation, and other neighborhood amenities. Its combination of vacant and occupied units provides both immediate occupancy options and existing rental use. The property is available for showings.
Set on 0.1174 acres, the property is near shopping, restaurants, public transportation, and other neighborhood amenities. Its combination of vacant and occupied units provides both immediate occupancy options and existing rental use. The property is available for showings.
Key Highlights
- Four residential units with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 2,782 square feet on a 0.1174‑acre lot
- Two vacant units and two month‑to‑month occupied units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,000
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,000
$1.1M
Cap Rate 7%
$757,143
$757.1K
Cap Rate 9%
$588,889
$588.9K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$80.1K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$75.7K $27.22/SF
− OpEx
−$22.7K −$8.16/SF
NOI
$53.0K $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%
$1,060,000
Cap Rate 7%
$757,143
Cap Rate 9%
$588,889
Alternative Uses
Best Use
Multifamily LT 5
$757.1K
$662.5K – $883.3K
NOI $53,000 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$676.6K
$592.0K – $789.4K
NOI $47,363 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,545 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
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 - Four-unit residential property with a two-bedroom and one-bedroom unit mix, plus off-street and alley parking.
Where is this quadplex located?
The property is located at 1633 W VIRGINIA Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $749,950.
What are key features of this property?
This property features: Four residential units with two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 2,782 square feet on a 0.1174‑acre lot; Two vacant units and two month‑to‑month occupied units
