8-Unit Apartment
For Sale
$830,000
1708 R St SE, Washington, DC 20020
The vacant property includes six three-bedroom units and two units with potential for a second bedroom.
Property Size4,000 SF
Days on Market11
Property Features for 1708 R St SE
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Investment
Property Condition
Severity
Major Repairs Needed
Evidence
Need complete gut
Site & Location
Neighborhood
Southeast
Public Transit
Yes
Units
Unit Mix
6 x 3-Bedroom, 2 x 2-Potential Bedroom
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$5,642
Building Details
Building Size
4,000 SF
Year Built
1938
Units
4
Listing Agency:
Realty One Group Performance
Listed By:
RUSSELL F BROWN · License #SP98377919
(202) 256-5964
Source:
Elliman
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 28 at 8:25AM
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 Realty One Group Performance
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Investment Insights
Based on property information with market context.
Built in 1938, this eight-unit apartment property at 1708 R St SE is vacant. Its unit mix consists of six three-bedroom apartments and two units described as having potential for a second bedroom.
Units 3 and 4 are reported as 95% complete, with finishing work remaining. Units 1, 2, 5, and 6 require standard turnover maintenance and cosmetic updates, while the two basement apartments need full interior renovation. The property is also reported as cleared of TOPA liabilities.
Units 3 and 4 are reported as 95% complete, with finishing work remaining. Units 1, 2, 5, and 6 require standard turnover maintenance and cosmetic updates, while the two basement apartments need full interior renovation. The property is also reported as cleared of TOPA liabilities.
Key Highlights
- Eight units: six three‑bedroom apartments and two units with potential for a second bedroom
- Units 3 and 4 are 95% complete
- Units 1, 2, 5, and 6 require turnover maintenance and cosmetic updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,146
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,920
$1.3M
Cap Rate 7%
$902,086
$902.1K
Cap Rate 9%
$701,622
$701.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$122.4K $30.60/SF
− Vacancy
−$7.6K −$1.90/SF
EGI
$114.8K $28.70/SF
− OpEx
−$51.7K −$12.92/SF
NOI
$63.1K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,920
Cap Rate 7%
$902,086
Cap Rate 9%
$701,622
Alternative Uses
Best Use
Apartment 5plus
$902.1K
$789.3K – $1.05M
NOI $63,146 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,564 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The vacant property includes six three-bedroom units and two units with potential for a second bedroom.
Where is this apartment building located?
The property is located at 1708 R St SE 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: Eight units: six three‑bedroom apartments and two units with potential for a second bedroom; Units 3 and 4 are 95% complete; Units 1, 2, 5, and 6 require turnover maintenance and cosmetic updates
