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    Four-Unit Residential Income Property

    1633 W VIRGINIA Avenue NE Washington, DC 20002

    Claim this Listing
    For Sale
    $749,950

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    2,782 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $269/SF
    Added:
    Sep 17, 2024
    Days on Market:
    664
    Last Refresh:
    Jul 12 at 6:06 am

    Property Features for 1633 W VIRGINIA Avenue NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Alley
    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 agent Noble Davis License #BR200201693

    Listing office Samson Properties 1140 3rd Street unit: 405, Chantilly, DC

    Listing date Sep 17, 2024

    MLS# DCDC2159650 Listing URL

    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 four-unit residential income property features two two-bedroom, one-bath units and two one-bedroom, one-bath units. Two units are currently vacant and available for immediate occupancy, while the remaining two are tenant-occupied on a month-to-month basis with recently increased rents. The roof has been replaced and numerous improvements have been completed, supporting confidence for either an owner-occupant or an investor looking to lease the available units.

    The property is located at 1633 W Virginia Avenue NE in Washington, DC 20002, with convenient access to shopping, restaurants, public transportation, and other neighborhood amenities. The property is available for showings immediately, and the sellers are prepared to work with qualified purchasers and consider all reasonable offers.

    Key Highlights

    • Brick four‑unit building built in 1931
    • Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
    • Two units currently vacant and available for immediate occupancy

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $80.1k $28.80
    − Vacancy −$4.4k −$1.58
    EGI $75.7k $27.22
    − OpEx −$22.7k −$8.16
    NOI $53.0k $19.05
    2,782 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $757.1K
    $662.5K – $883.3K (±1% cap)
    NOI $53,000 @ 7.0% cap · market cap 7.07%
    Second Best
    Apartment 5plus
    $676.6K
    $592.0K – $789.4K (±1% cap)
    NOI $47,363 @ 7.0% cap · market cap 6.32%
    Theoretical Best
    Office A
    $1.44M
    $1.26M – $1.68M (±1% cap)
    NOI $100,545 @ 7.0% cap · market cap 13.41%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building with two vacant units ready for occupancy and two one-bedroom, one-bath and two two-bedroom, one-bath residences.
    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: Brick four‑unit building built in 1931; Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Two units currently vacant and available for immediate occupancy
    Contact an agent
    (202) 409-6326
    We can help!
    Contact an agent
    Noble Davis
    Real Estate License ID: BR200201693
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