Quadplex with Vacant
For Sale
$720,000
171 35th St NE, Washington, DC 20019
Four-unit residential property offered with 75% vacancy at closing and access to nearby transit and daily-needs retailers.
Property Size3,230 SF
Price / SF$222.91
Days on Market68
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Property Features for 171 35th St NE
General Information
Standard status
Active
Size
3,230 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1941
Listing Agency:
Realty One Group Performance, LLC
Listed By:
RUSSELL F BROWN · License #SP98377919
(202) 256-5964
Source:
Themelaninteam
Added: Aug 9
Changed: Oct 3
Last Checked: Oct 7 at 1:05PM
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, LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property was built in 1941 and is scheduled for delivery with 75% of the building vacant. The configuration provides a clear starting point for an owner seeking a partially unoccupied multifamily asset.
The property is located at 171 35th Street NE in Washington, DC 20019. Public transportation is nearby, with the metro within walking distance. Grocery stores, a pharmacy, and banks are also accessible on foot, placing routine services close to the property.
The property is located at 171 35th Street NE in Washington, DC 20019. Public transportation is nearby, with the metro within walking distance. Grocery stores, a pharmacy, and banks are also accessible on foot, placing routine services close to the property.
Key Highlights
- Quadplex built in 1941
- 75% vacant at delivery
- Located at 171 35th Street NE, Washington, DC 20019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,352
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,040
$1.2M
Cap Rate 7%
$890,743
$890.7K
Cap Rate 9%
$692,800
$692.8K
Market Conditions
NOI Build-Up for 3,230 SF
Gross rent
$95.0K $29.40/SF
− Vacancy
−$5.9K −$1.82/SF
EGI
$89.1K $27.58/SF
− OpEx
−$26.7K −$8.27/SF
NOI
$62.4K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,040
Cap Rate 7%
$890,743
Cap Rate 9%
$692,800
Alternative Uses
Best Use
Multifamily LT 5
$890.7K
$779.4K – $1.04M
NOI $62,352 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$795.8K
$696.4K – $928.5K
NOI $55,708 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,502 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Check the figures for this property
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?
Quadplex - Four-unit residential property offered with 75% vacancy at closing and access to nearby transit and daily-needs retailers.
Where is this quadplex located?
The property is located at 171 35th St NE Washington, DC.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Quadplex built in 1941; 75% vacant at delivery; Located at 171 35th Street NE, Washington, DC 20019
