7-Unit Multifamily with
1700 Irving Street Northwest Washington, DC 20010
For Sale
$1,500,000
Boutique 7-unit multifamily on a 5,000+ sq. ft. lot with rear alley access, tenant parking, and patios in four units.
Property Size5,392 SF
Price / SF$278.19
Days on Market67
Property Features for 1700 Irving Street Northwest
General Information
Standard status
Active
Size
5,392 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1965
Listing Agency:
Horvath & Tremblay MD, LLC
(202) 534-3003
Listed By:
Christian Barreiro · License #DC:SP98373426
(202) 534-3003
Source:
Compass
Added: May 25
Changed: Jul 22
Last Checked: Jul 29 at 1:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay MD, LLC
Investment Insights
Based on property information with market context.
1700 Irving Street NW is a well-maintained boutique 7-unit multifamily property. The building has had several key systems updated, including HVAC unit replacements for three apartments within the past six years, and a central water heater replacement in 2022. Each unit is separately metered for electric, with tenants paying electric directly, while the landlord is responsible for gas and water/sewer expenses under a partially tenant-paid utility structure. Four of the seven units include functional outdoor patio space.
The property sits on a 5,000+ square foot lot with rear alley access and tenant parking. It is located about 0.3 miles from the Columbia Heights Metro Station and within walking distance of the Mt. Pleasant retail corridor, Rock Creek Park, Smithsonian National Zoological Park, and Adams Morgan, offering convenient access to neighborhood amenities.
This configuration supports an ownership scenario centered on a small, income-producing multifamily building with on-site tenant parking and outdoor patio features in select units.
The property sits on a 5,000+ square foot lot with rear alley access and tenant parking. It is located about 0.3 miles from the Columbia Heights Metro Station and within walking distance of the Mt. Pleasant retail corridor, Rock Creek Park, Smithsonian National Zoological Park, and Adams Morgan, offering convenient access to neighborhood amenities.
This configuration supports an ownership scenario centered on a small, income-producing multifamily building with on-site tenant parking and outdoor patio features in select units.
Key Highlights
- Boutique 7‑unit multifamily property built in 1965
- 5,000+ sq. ft. lot with rear alley access and tenant parking
- Three apartments had HVAC units replaced within the past 6 years; central water heater replaced in 2022
Financial Insights For Apartment 5plus
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 | $171.5k | $31.80 |
| − Vacancy | −$8.6k | −$1.59 |
| EGI | $162.9k | $30.21 |
| − OpEx | −$73.3k | −$13.59 |
| NOI | $89.6k | $16.62 |
5,392 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,591 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.77M
$2.43M – $3.24M
NOI $194,143 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Boutique 7-unit multifamily on a 5,000+ sq. ft. lot with rear alley access, tenant parking, and patios in four units.
Where is this apartment building located?
The property is located at 1700 Irving Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Boutique 7‑unit multifamily property built in 1965; 5,000+ sq. ft. lot with rear alley access and tenant parking; Three apartments had HVAC units replaced within the past 6 years; central water heater replaced in 2022
