All-Brick Four-Unit
1704 WEST VIRGINIA AVENUE NE Washington, DC 20002
For Sale
$560,000
All-brick four-unit building with two 2-bedroom units and two 1-bedroom plus den units, sold as-is.
Property Size2,560 SF
Price / SF$218.75
Days on Market9
Property Features for 1704 WEST VIRGINIA AVENUE NE
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Quadruplex
Building Details
Year Built
1931
Listing Agency:
Thompson Premier Homes Group.
(240) 480-1616
Listed By:
Eboneese M. Thompson · License #653162
(240) 480-1616
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 5:46AM
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 Thompson Premier Homes Group.
Investment Insights
Based on property information with market context.
This all-brick four-unit multifamily property includes two 2-bedroom units and two 1-bedroom plus den units. The building is being sold strictly as-is and requires renovation. This offering is being handled as a short sale and is subject to third-party approval.
The property is located at 1704 West Virginia Avenue NE in Washington, DC. Public remarks indicate the address is within minutes of Gallaudet University, Union Market, Ivy City, NoMa, and the H Street Corridor, with nearby points of interest including Trader Joe’s, Whole Foods Market, Atlas Brew Works, City Winery, the U.S. National Arboretum, the Metropolitan Branch Trail, and the NoMa-Gallaudet Metro Station.
The current unit mix provides straightforward configuration for an investor or owner looking to renovate and reimagine the property. Buyers should verify zoning, any condominium conversion requirements, and development potential with the appropriate governmental authorities.
The property is located at 1704 West Virginia Avenue NE in Washington, DC. Public remarks indicate the address is within minutes of Gallaudet University, Union Market, Ivy City, NoMa, and the H Street Corridor, with nearby points of interest including Trader Joe’s, Whole Foods Market, Atlas Brew Works, City Winery, the U.S. National Arboretum, the Metropolitan Branch Trail, and the NoMa-Gallaudet Metro Station.
The current unit mix provides straightforward configuration for an investor or owner looking to renovate and reimagine the property. Buyers should verify zoning, any condominium conversion requirements, and development potential with the appropriate governmental authorities.
Key Highlights
- All‑brick four‑unit multifamily building built in 1931, sold strictly as‑is.
- Unit mix: two 2‑bedroom units and two 1‑bedroom plus den units.
- Value‑add property requiring a complete renovation.
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 | $73.7k | $28.80 |
| − Vacancy | −$4.1k | −$1.58 |
| EGI | $69.7k | $27.22 |
| − OpEx | −$20.9k | −$8.16 |
| NOI | $48.8k | $19.05 |
2,560 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$696.7K
$609.6K – $812.9K
NOI $48,771 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$622.6K
$544.8K – $726.4K
NOI $43,583 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,521 @ 7.0% cap · market cap 16.52%
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?
Quadplex - All-brick four-unit building with two 2-bedroom units and two 1-bedroom plus den units, sold as-is.
Where is this quadplex located?
The property is located at 1704 WEST VIRGINIA AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: All‑brick four‑unit multifamily building built in 1931, sold strictly as‑is.; Unit mix: two 2‑bedroom units and two 1‑bedroom plus den units.; Value‑add property requiring a complete renovation.
