Brick Quadplex Near
For Sale
$720,000
171 35TH Street NE, Washington, DC 20019
Multi-Family, WASHINGTON, DC
Property Size3,230 SF
Lot Size0.08 Acres
Price / SF$222.91
Days on Market69
Property Features for 171 35TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Special listing conditions
Short Sale
Standard status
Active
Size
3,230 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4124
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
Realty One Group Performance, LLC
(240) 583-1183
Listed By:
RUSSELL F BROWN · License #SP98377919
(202) 256-5964
Added: Jul 9
Changed: Sep 5
Last Checked: Sep 15 at 11:06AM
MLS# DCDC2272100
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.
Investment Insights
Based on property information with market context.
This Federal-style quadplex, built in 1941, offers 3,230 square feet of multifamily space on a 0.0785-acre lot. Brick construction and hot-water heating contribute to the building’s existing physical profile, while the property is positioned for a buyer seeking a residential income asset with significant vacancy at closing. The building is expected to be delivered 75% vacant.
The property is located at 171 35TH Street NE in Washington, DC 20019. Public transportation is available nearby, with the metro within walking distance. Grocery, pharmacy, and banking services are also within walking distance, adding convenient access to everyday amenities. The Federal architectural style and established construction date provide additional context for evaluating the property’s character and existing configuration.
The property is located at 171 35TH Street NE in Washington, DC 20019. Public transportation is available nearby, with the metro within walking distance. Grocery, pharmacy, and banking services are also within walking distance, adding convenient access to everyday amenities. The Federal architectural style and established construction date provide additional context for evaluating the property’s character and existing configuration.
Key Highlights
- Quadplex with 3,230 square feet of building area
- 75% vacancy expected at delivery
- 0.0785‑acre lot in Washington, DC 20019
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25%
Occupancy
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Federal-style multifamily property with substantial vacancy and access to nearby transit, retail, banking, and pharmacy services.
Where is this quadplex located?
The property is located at 171 35TH Street 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 with 3,230 square feet of building area; 75% vacancy expected at delivery; 0.0785‑acre lot in Washington, DC 20019
