8-Unit Apartment
New
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 Market2
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
Last Checked: Oct 19 at 6:06AM
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.
Built in 1938, this 4,000-square-foot brick apartment building contains eight units on a 0.0781-acre lot. The mix includes six three-bedroom units and two basement units described as having potential for two bedrooms each. Central heating and air conditioning serve the property; parking is on street.
The building is vacant. Units 3 and 4 are 95% complete, while units 1, 2, 5 and 6 require standard turnover maintenance and cosmetic updates. The two basement units require a complete gut renovation.
The building is vacant. Units 3 and 4 are 95% complete, while units 1, 2, 5 and 6 require standard turnover maintenance and cosmetic updates. The two basement units require a complete gut renovation.
Key Highlights
- Eight units: six three‑bedroom apartments and two basement units with potential for two bedrooms each
- 4,000‑square‑foot brick building constructed in 1938
- 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.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
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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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 apartments and two basement units with potential for two bedrooms each.
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: Eight units: six three‑bedroom apartments and two basement units with potential for two bedrooms each; 4,000‑square‑foot brick building constructed in 1938; Units 3 and 4 are 95% complete
