Four-Unit Quadplex with 2-Bedroom
For Sale
$830,000
1707 H Street Northeast, Washington, DC 20002
RA-2-zoned multifamily property with matching apartments and two vacant units for immediate repositioning.
Property Size2,294 SF
Price / SF$361.81
Days on Market201
Property Features for 1707 H Street Northeast
General Information
Standard status
Active
Size
2,294 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RA-2
Occupancy
50%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$830,000
Taxes and HOA fees
Annual Taxes
$7,572
Amenities
No
No Pool
Building Details
Year Built
1940
Listing Agency:
Keller Williams Capital Properties
(202) 601-0160
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Compass
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 9:54PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This 2,294-square-foot quadplex contains four matching apartments, each configured with 2 bedrooms and 1 bathroom. Built in 1940, the property is zoned RA-2 and currently has two vacant units alongside two occupied units, creating a combination of existing occupancy and available space within the same building.
Located at 1707 H Street Northeast in Washington, DC, the property is within city limits and falls within the District of Columbia Public Schools district. The four-unit layout provides a consistent unit configuration across the asset, while the current 50% vacancy creates flexibility for an owner-occupant or an investor planning to lease the available apartments.
Located at 1707 H Street Northeast in Washington, DC, the property is within city limits and falls within the District of Columbia Public Schools district. The four-unit layout provides a consistent unit configuration across the asset, while the current 50% vacancy creates flexibility for an owner-occupant or an investor planning to lease the available apartments.
Key Highlights
- Four‑unit quadplex with four matching 2‑bedroom/1‑bathroom apartments
- 2,294 square feet across the building
- 50% vacancy, with 2/4 units currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$874,060
$874.1K
Cap Rate 7%
$624,329
$624.3K
Cap Rate 9%
$485,589
$485.6K
Market Conditions
NOI Build-Up for 2,294 SF
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.
Gross rent
$66.1K $28.80/SF
− Vacancy
−$3.6K −$1.58/SF
EGI
$62.4K $27.22/SF
− OpEx
−$18.7K −$8.16/SF
NOI
$43.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$874,060
Cap Rate 7%
$624,329
Cap Rate 9%
$485,589
Alternative Uses
Best Use
Multifamily LT 5
$624.3K
$546.3K – $728.4K
NOI $43,703 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$557.9K
$488.2K – $650.9K
NOI $39,055 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,908 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - RA-2-zoned multifamily property with matching apartments and two vacant units for immediate repositioning.
Where is this quadplex located?
The property is located at 1707 H Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Four‑unit quadplex with four matching 2‑bedroom/1‑bathroom apartments; 2,294 square feet across the building; 50% vacancy, with 2/4 units currently vacant
