Brick Quadplex with Renovated
1635 W VIRGINIA Avenue NE, Washington, DC 20002
For Sale
New
$939,900
Multi-Family, WASHINGTON, DC
Property Size2,854 SF
Lot Size0.09 Acres
Price / SF$329.33
Days on Market4
Property Features for 1635 W VIRGINIA Avenue NE
General Information
Property type
Property subtype
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Abel M Gebremichael · License DC SP98377913
(202) 601-0160
Added: Nov 11
Last Checked: Nov 14 at 9:06PM
MLS# DCDC2290464
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 2,854-square-foot brick quadplex, built in 1931, contains four apartments: two two-bedroom units and two one-bedroom units. The two-bedroom apartments have been renovated and are vacant; the one-bedroom apartments are occupied. Renovated interiors include refinished hardwood floors, recessed lighting, ceiling fans, and kitchens with shaker cabinets, tile backsplashes, granite counters, and stainless steel appliances. The building has forced-air heat and central air conditioning, with off-street parking on a 0.0912-acre lot.
The property is located at 1635 W Virginia Avenue NE in Washington, DC. The seller indicates that assumption of an existing VA loan may be available, subject to lender and servicer approval, underwriting, and other terms. The sale is as-is.
The property is located at 1635 W Virginia Avenue NE in Washington, DC. The seller indicates that assumption of an existing VA loan may be available, subject to lender and servicer approval, underwriting, and other terms. The sale is as-is.
Key Highlights
- Four apartments: two two‑bedroom units and two one‑bedroom units
- Two renovated two‑bedroom apartments are vacant; the one‑bedroom units are occupied
- Kitchen updates include shaker cabinetry, granite countertops, tile backsplashes, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,372
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,440
$1.1M
Cap Rate 7%
$776,743
$776.7K
Cap Rate 9%
$604,133
$604.1K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$82.2K $28.80/SF
− Vacancy
−$4.5K −$1.58/SF
EGI
$77.7K $27.22/SF
− OpEx
−$23.3K −$8.16/SF
NOI
$54.4K $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%
$1,087,440
Cap Rate 7%
$776,743
Cap Rate 9%
$604,133
Alternative Uses
Best Use
Multifamily LT 5
$776.7K
$679.7K – $906.2K
NOI $54,372 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$694.1K
$607.4K – $809.8K
NOI $48,588 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,147 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
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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
$813,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Washington, DC
Properties on Market for Quadplexes in Washington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property combines updated two-bedroom apartments with occupied one-bedroom units.
Where is this quadplex located?
The property is located at 1635 W VIRGINIA Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: Four apartments: two two‑bedroom units and two one‑bedroom units; Two renovated two‑bedroom apartments are vacant; the one‑bedroom units are occupied; Kitchen updates include shaker cabinetry, granite countertops, tile backsplashes, and stainless steel appliances
