4-Unit Brick
For Sale
$875,000
1724 CAPITOL Avenue NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,216 SF
Lot Size0.07 Acres
Price / SF$272.08
Days on Market28
Property Features for 1724 CAPITOL Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
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
3,216 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7242
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
rear storage building
private decks
classic front porch
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Listing Agency:
Compass
(202) 386-6330
Listed By:
Luis A Vivas · License #SP98361541
(240) 479-9124
Added: Sep 9
Changed: Oct 5
Last Checked: Oct 6 at 7:06AM
MLS# DCDC2282412
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 brick quadplex contains four one-bedroom residences and was built in 1937. The 3,216-square-foot building sits on a 0.0663-acre parcel. Each residence has its own electric meter and heat pump. A rear storage structure with a roll-up door, private decks, and a front porch add to the property’s features. Central air and a basement are also listed. The flat roof received resurfacing in 2024, and a valid Certificate of Occupancy is on file.
Located at 1724 Capitol Avenue NE in Washington, DC, the property has on-street parking. Three of the four tenancies are supported by DC housing vouchers, and the stated cap rate is 5.7%.
Located at 1724 Capitol Avenue NE in Washington, DC, the property has on-street parking. Three of the four tenancies are supported by DC housing vouchers, and the stated cap rate is 5.7%.
Key Highlights
- Four occupied one‑bedroom residences
- 3,216 square feet on a 0.0663‑acre parcel
- Brick construction; built in 1937
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,269
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,380
$1.2M
Cap Rate 7%
$875,271
$875.3K
Cap Rate 9%
$680,767
$680.8K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$92.6K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$87.5K $27.22/SF
− OpEx
−$26.3K −$8.16/SF
NOI
$61.3K $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%
$1,225,380
Cap Rate 7%
$875,271
Cap Rate 9%
$680,767
Alternative Uses
Best Use
Multifamily LT 5
$875.3K
$765.9K – $1.02M
NOI $61,269 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$782.2K
$684.4K – $912.5K
NOI $54,751 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,230 @ 7.0% cap · market cap 13.28%
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
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 - All four residences are occupied, with each featuring a separate electric meter and heat pump.
Where is this quadplex located?
The property is located at 1724 CAPITOL Avenue NE Washington, DC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four occupied one‑bedroom residences; 3,216 square feet on a 0.0663‑acre parcel; Brick construction; built in 1937
