Four-Unit Residential Income
1708 Q Street Northwest Washington, DC 20009
For Sale
$1,799,000
Turnkey, fully leased four-unit building with four one-bedroom, one-bath residences and two rear parking spaces.
Property Size3,639 SF
Price / SF$494.37
Days on Market74
Property Features for 1708 Q Street Northwest
General Information
Standard status
Active
Size
3,639 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1890
Listing Agency:
TTR Sotheby's International Realty
(301) 442-8533
Listed By:
Jeffrey M Wilson · License #98739
(301) 442-8533
Source:
Compass
Added: May 18
Changed: Jul 22
Last Checked: Jul 23 at 8:55AM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This stone four-unit residential income property includes four one-bedroom, one-bath residences. The homes feature open floor plans, high ceilings, and abundant natural light, and the building is described as well-maintained by its longtime owner. The property also includes two rear parking spaces.
The building is located in Washington, DC, in city limits, with nearby transportation options including a bus stop less than 1 mile and a metro/subway station less than 1 mile. The public remarks note proximity to dining and daily conveniences along 17th Street, as well as being less than three blocks from Dupont Circle Metro and the Dupont farmers market.
According to the remarks, the top-floor residence will become available at the end of June, while the other units are described as fully leased. This timing may appeal to an owner-occupant looking for supplemental income or an investor seeking to continue the property’s established leasing history with minimal interruption.
The building is located in Washington, DC, in city limits, with nearby transportation options including a bus stop less than 1 mile and a metro/subway station less than 1 mile. The public remarks note proximity to dining and daily conveniences along 17th Street, as well as being less than three blocks from Dupont Circle Metro and the Dupont farmers market.
According to the remarks, the top-floor residence will become available at the end of June, while the other units are described as fully leased. This timing may appeal to an owner-occupant looking for supplemental income or an investor seeking to continue the property’s established leasing history with minimal interruption.
Key Highlights
- Four‑unit stone row house built in 1890 with four 1‑bedroom, 1‑bath residences and open floor plans
- Fully leased property; top‑floor residence becomes available at the end of June
- Two rear parking spaces included
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 | $120.1k | $33.00 |
| − Vacancy | −$6.6k | −$1.82 |
| EGI | $113.5k | $31.19 |
| − OpEx | −$34.0k | −$9.36 |
| NOI | $79.4k | $21.83 |
3,639 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$993.0K – $1.32M
NOI $79,438 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$1.01M
$885.2K – $1.18M
NOI $70,814 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,025 @ 7.0% cap · market cap 7.28%
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 - Turnkey, fully leased four-unit building with four one-bedroom, one-bath residences and two rear parking spaces.
Where is this quadplex located?
The property is located at 1708 Q Street Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Four‑unit stone row house built in 1890 with four 1‑bedroom, 1‑bath residences and open floor plans; Fully leased property; top‑floor residence becomes available at the end of June; Two rear parking spaces included
