Brick Quadplex with Vacant
For Sale
$849,000
1715 Capitol Ave NE, Washington, DC 20002
Well-maintained residential income property with updated interiors and one unit available for occupancy or lease-up.
Property Size3,232 SF
Price / SF$262.69
Days on Market56
Property Features for 1715 Capitol Ave NE
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Ivy City
Units
Unit Mix
4 x 1BR+Den/1BA
Multifamily Units
4
Building Details
Year Built
1936
Buildings
1
Construction
solid brick
Listing Agency:
Keller Williams Capital Properties
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Themelaninteam
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 7 at 2:33PM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This 1936 brick quadplex contains four one-bedroom-plus-den, one-bath units. Three apartments are occupied, while the fourth is vacant and available for immediate occupancy or leasing. The building presents a straightforward four-unit configuration for an owner-occupant or residential income property buyer.
Interior improvements include wood-look laminate flooring, contemporary ceiling fans, updated bathroom fixtures, and kitchens with white cabinetry, gas ranges, and granite countertops. The property is located at 1715 Capitol Avenue NE in Washington, DC 20002.
Interior improvements include wood-look laminate flooring, contemporary ceiling fans, updated bathroom fixtures, and kitchens with white cabinetry, gas ranges, and granite countertops. The property is located at 1715 Capitol Avenue NE in Washington, DC 20002.
Key Highlights
- Four‑unit brick building constructed in 1936
- Unit mix consists of four 1‑Bedroom + Den / 1‑Bathroom apartments
- Three units occupied with one vacant unit available for occupancy or lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,573
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,460
$1.2M
Cap Rate 7%
$879,614
$879.6K
Cap Rate 9%
$684,144
$684.1K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$93.1K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$88.0K $27.22/SF
− OpEx
−$26.4K −$8.16/SF
NOI
$61.6K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,460
Cap Rate 7%
$879,614
Cap Rate 9%
$684,144
Alternative Uses
Best Use
Multifamily LT 5
$879.6K
$769.7K – $1.03M
NOI $61,573 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$786.1K
$687.8K – $917.1K
NOI $55,024 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,808 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained residential income property with updated interiors and one unit available for occupancy or lease-up.
Where is this quadplex located?
The property is located at 1715 Capitol Ave NE Washington, DC.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four‑unit brick building constructed in 1936; Unit mix consists of four 1‑Bedroom + Den / 1‑Bathroom apartments; Three units occupied with one vacant unit available for occupancy or lease‑up
