Brick Four-Unit
New
For Sale
$849,000
1715 CAPITOL Avenue NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,232 SF
Lot Size0.07 Acres
Price / SF$262.69
Days on Market4
Property Features for 1715 CAPITOL Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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
3,232 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6891
Utilities
Heating system
Other (Heating), Forced Air
Building Details
Year built
1936
Floors in Building
2
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 8:06AM
MLS# DCDC2280324
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.
Built in 1936, this 3,232-square-foot brick quadplex contains four functional residential units, each configured with one bedroom, a den, and one bathroom. Three units are occupied, and the remaining apartment is vacant for an owner occupant or new tenant. Interior improvements include wood-look laminate flooring, ceiling fans, refreshed bathroom fixtures, white cabinetry, gas ranges, and granite countertops. Forced-air heating serves the building.
The property occupies a 0.0663-acre site at 1715 Capitol Avenue NE in Washington, DC 20002. Parking is currently provided on the street. The four-unit layout, brick construction, and mix of occupied and vacant apartments provide a straightforward residential income property configuration.
The property occupies a 0.0663-acre site at 1715 Capitol Avenue NE in Washington, DC 20002. Parking is currently provided on the street. The four-unit layout, brick construction, and mix of occupied and vacant apartments provide a straightforward residential income property configuration.
Key Highlights
- Four‑unit brick building constructed in 1936
- 3,232 square feet on a 0.0663‑acre lot
- Four 1‑Bedroom + Den / 1‑Bathroom units
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
$61,573
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
7.25%
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%
$1,231,460
$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
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
$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 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%
$1,231,460
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while one is available for immediate move-in or lease-up.
Where is this quadplex located?
The property is located at 1715 CAPITOL Avenue 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; 3,232 square feet on a 0.0663‑acre lot; Four 1‑Bedroom + Den / 1‑Bathroom units
