Trinidad Three-Unit Investment
1721 W VIRGINIA Avenue NE, Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
Property size:
2,964 SFLot size:
0.07 AcresPrice / SF:
$298/SF- Added:
- Dec 10, 2025
- Days on Market:
- 158
- Last Refresh:
- May 17 at 1:06 pm
Property Features for 1721 W VIRGINIA Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- On Street, Off Street
- Interior features
- Floor Plan - Traditional, Kitchen - Gourmet, Wood Floors
- Appliances
- Stainless Steel Appliances
- Standard status
- Active
- Size
- 2,964 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7990
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1932
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing agent Jennifer S Smira License #SP600505 (202) 280-2060
Listing office Compass 1313 14th Street unit: 2, WASHINGTON, DC (202) 386-6330
Listing date Dec 10, 2025
MLS# DCDC2234166
Listing URL
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.
HighLights
- Income‑producing three‑unit property in a rapidly evolving D.C. neighborhood.
- Stable tenancy and immediate rental income from existing tenants in two units.
- Each unit features thoughtful updates, modernized kitchens and baths, and comfortable layouts.
- Includes valuable rear parking, a significant advantage in this neighborhood.
- Excellent location with easy access to NoMa, H Street, Union Market, Metro.
- Turnkey investment opportunity suitable for portfolio expansion.
Overview
This three-unit property is located in Trinidad, near Ivy City and the H ST Corridor. The property offers immediate rental income, stable tenancy, and long-term appreciation potential in a submarket known for continued growth and redevelopment. Unit 1, a one-bedroom, one-bathroom unit, has a market rent of $1,575 a month and is currently vacant for showings until February 2026. Unit 2, a one-bedroom, one-bathroom unit, is occupied and generates $1475 a month. Unit 3, a two-bedroom, two-bathroom unit, is occupied and generates $2579 a month. Each residence benefits from updates, solid systems, and responsible maintenance, ensuring low operational demands. Tenants have access to parking in the rear. Positioned in a neighborhood experiencing major residential and commercial momentum, this property is surrounded by amenities, new development, and easy access to NoMa, H Street, Union Market, Metro, and key commuter corridors, supporting tenant demand and long-term value growth. The property is a compelling turnkey investment with reliable returns and upside in one of D.C.'s most promising submarkets. The lot size is 0.0658 acres, and the property size is 2964 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$627.4K
NOI $56,468 @ 9.00% cap · cautious / downside scenario
Moderate
$806.7K
NOI $56,468 @ 7.00% cap · market / base-case scenario
Aggressive
$1.13M
NOI $56,468 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.4k | $28.80 |
| − Vacancy | −$4.7k | −$1.58 |
| EGI | $80.7k | $27.22 |
| − OpEx | −$24.2k | −$8.16 |
| NOI | $56.5k | $19.05 |
2,964 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$806.7K
$705.9K – $941.1K
NOI $56,468 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$720.9K
$630.8K – $841.0K
NOI $50,461 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,122 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.985783
- Latitude
- 38.9101781
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing multi-family property in a rapidly evolving D.C. neighborhood.
Where is this triplex located?
The property is located at 1721 W VIRGINIA Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Income‑producing three‑unit property in a rapidly evolving D.C. neighborhood.; Stable tenancy and immediate rental income from existing tenants in two units.; Each unit features thoughtful updates, modernized kitchens and baths, and comfortable layouts.
