Four-Unit Multifamily
For Sale
$750,000
1710 28TH PLACE SE, Washington, DC 20020
Fully leased apartments offer family-sized layouts in Southeast Washington, DC.
Property Size3,460 SF
Price / SF$216.76
Days on Market57
Property Features for 1710 28TH PLACE SE
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1942
Buildings
1
Tenancy
Multi
Listing Agency:
Greysteel Company LLC
Listed By:
Ari Firoozabadi · License #SP200205538
(202) 280-2722
Source:
Cummingsrealtors
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 5 at 7:27PM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
This 3,460-square-foot quadplex contains four residential apartments, each configured with three bedrooms and one bathroom. Built in 1942, the property is fully occupied, with all units leased. The four-unit structure is identified as exempt from DC rent control for first-time multifamily owners, allowing market-based rent increases under the stated exemption.
The property is at 1710 28th Place SE in Washington, DC 20020, next to Randle Highlands Elementary School. Residents have access to nearby schools, parks, and essential services, while the adjacent D10 Metrobus route provides service through Capitol Hill to Downtown DC and the West End. The consistent unit layout provides a straightforward multifamily configuration with four family-sized apartments.
The property is at 1710 28th Place SE in Washington, DC 20020, next to Randle Highlands Elementary School. Residents have access to nearby schools, parks, and essential services, while the adjacent D10 Metrobus route provides service through Capitol Hill to Downtown DC and the West End. The consistent unit layout provides a straightforward multifamily configuration with four family-sized apartments.
Key Highlights
- Four‑unit multifamily property with 3,460 SF
- Four 3BR/1BA apartments
- 100% occupied with all units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,143
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,860
$1.2M
Cap Rate 7%
$873,471
$873.5K
Cap Rate 9%
$679,367
$679.4K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$93.4K $27.00/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$87.3K $25.25/SF
− OpEx
−$26.2K −$7.57/SF
NOI
$61.1K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,860
Cap Rate 7%
$873,471
Cap Rate 9%
$679,367
Alternative Uses
Best Use
Multifamily LT 5
$873.5K
$764.3K – $1.02M
NOI $61,143 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$780.3K
$682.8K – $910.4K
NOI $54,621 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,048 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
759
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased apartments offer family-sized layouts in Southeast Washington, DC.
Where is this quadplex located?
The property is located at 1710 28TH PLACE SE Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,460 SF; Four 3BR/1BA apartments; 100% occupied with all units leased
