Fully Occupied
For Sale
$869,000
1729 Trinidad Ave NE, Washington, DC 20002
Four occupied apartments offer an existing residential income configuration with one bedroom, one bath, and a den per unit.
Property Size3,244 SF
Price / SF$267.88
Days on Market69
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Property Features for 1729 Trinidad Ave NE
General Information
Standard status
Active
Size
3,244 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$51,531
Financials
Cap Rate
4.6%
Gross Income
$66,900
Average Monthly Rent
$1,400
Units
Unit Mix
4 x 1BR/1BA+den
Multifamily Units
4
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Cottage Street Realty LLC
Listed By:
Alexandra I Burrell-Hodges · License #609427
(703) 819-1023
Source:
Lgagne
Added: Aug 8
Changed: Oct 9
Last Checked: Oct 7 at 1:12PM
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 Cottage Street Realty LLC
Investment Insights
Based on property information with market context.
This 3,244 SF quadplex contains four fully occupied apartments, each configured with one bedroom, one bathroom, and a den. The property is being offered strictly as-is. New architectural drawings are available for a proposed four-unit condominium configuration with three bedrooms and 2.5 bathrooms per unit, totaling 8,133 SF plus 431 SF of common area. The drawings and plans are provided for informational purposes and may not reflect the current condition.
Located at 1729 Trinidad Ave NE in Washington, DC, the property currently operates as a four-unit residential building. The reported current cap rate is 4.6%.
Located at 1729 Trinidad Ave NE in Washington, DC, the property currently operates as a four-unit residential building. The reported current cap rate is 4.6%.
Key Highlights
- Four‑unit quadplex at 1729 Trinidad Ave NE, Washington, DC
- 3,244 SF building with four fully occupied units
- Each apartment includes 1 bedroom, 1 bathroom, and a den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,802
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,040
$1.2M
Cap Rate 7%
$882,886
$882.9K
Cap Rate 9%
$686,689
$686.7K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$93.4K $28.80/SF
− Vacancy
−$5.1K −$1.58/SF
EGI
$88.3K $27.22/SF
− OpEx
−$26.5K −$8.16/SF
NOI
$61.8K $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%
$1,236,040
Cap Rate 7%
$882,886
Cap Rate 9%
$686,689
Alternative Uses
Best Use
Multifamily LT 5
$882.9K
$772.5K – $1.03M
NOI $61,802 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K
NOI $55,228 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.67M
$1.47M – $1.95M
NOI $117,242 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,385
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments offer an existing residential income configuration with one bedroom, one bath, and a den per unit.
Where is this quadplex located?
The property is located at 1729 Trinidad Ave NE Washington, DC.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Four‑unit quadplex at 1729 Trinidad Ave NE, Washington, DC; 3,244 SF building with four fully occupied units; Each apartment includes 1 bedroom, 1 bathroom, and a den
