Four-Unit Residential Income
1633 W VIRGINIA Avenue NE Washington, DC 20002
For Sale
$749,950
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,782 SF
Lot Size0.12 Acres
Price / SF$269.57
Days on Market682
Property Features for 1633 W VIRGINIA Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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 Agency:
Samson Properties
(202) 938-0228
Listed By:
Noble Davis · License #BR200201693
(202) 409-6326
Added: Sep 17, 2024
Changed: Jul 19
Last Checked: Jul 30 at 4:06AM
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.
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.
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
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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
