8-Unit Apartment
For Sale
$830,000
1708 R Street SE, Washington, DC 20020
Multi-Family, WASHINGTON, DC
Property Size4,000 SF
Lot Size0.08 Acres
Price / SF$207.50
Days on Market11
Property Features for 1708 R Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
ANACOSTIA
High school
ANACOSTIA
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
4,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5642
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1938
Number of units
4
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Realty One Group Performance, LLC
(240) 583-1183
Listed By:
RUSSELL F BROWN · License #SP98377919
(202) 256-5964
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 28 at 8:06PM
MLS# DCDC2287648
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8-unit apartment building contains 4,000 square feet on a 0.0781-acre lot. The unit mix comprises six three-bedroom apartments and two units described as having potential for two bedrooms. The building dates to 1938 and has brick construction, central heating, and central air conditioning. Parking is on street.
All units are vacant, and TOPA liabilities have been cleared. Units 3 and 4 are reported as 95% complete, with final work remaining. Units 1, 2, 5, and 6 require turnover maintenance and cosmetic updates, while basement Units 7 and 8 need a complete gut renovation.
All units are vacant, and TOPA liabilities have been cleared. Units 3 and 4 are reported as 95% complete, with final work remaining. Units 1, 2, 5, and 6 require turnover maintenance and cosmetic updates, while basement Units 7 and 8 need a complete gut renovation.
Key Highlights
- 8 units: six 3‑bedroom apartments and two units with potential for 2 bedrooms
- 4,000 square feet on a 0.0781‑acre lot
- Units 3 and 4 are 95% complete
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
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The vacant property offers six three-bedroom units and two additional units with potential for two bedrooms.
Where is this apartment building located?
The property is located at 1708 R Street 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: 8 units: six 3‑bedroom apartments and two units with potential for 2 bedrooms; 4,000 square feet on a 0.0781‑acre lot; Units 3 and 4 are 95% complete
