Occupied Four-Unit Brick
For Sale
$869,000
1729 TRINIDAD Avenue NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,244 SF
Lot Size0.08 Acres
Price / SF$267.88
Days on Market51
Property Features for 1729 TRINIDAD Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
TRINIDAD
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
3,244 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7234
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
Cottage Street Realty LLC
(703) 242-0005
Listed By:
Alexandra I Burrell-Hodges · License #IB98371676
(703) 819-1023
Added: Jul 10
Changed: Aug 20
Last Checked: Aug 29 at 4:06AM
MLS# DCDC2270584
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 3,244-square-foot quadplex contains four occupied residences, each configured with one bedroom, one bathroom, and a den. The 1920 building has brick construction, Federal architectural styling, forced-air heat, central air conditioning, and on-street parking. It is being offered strictly in its current condition.
The property occupies 0.0842 acres at 1729 Trinidad Avenue NE in Washington, DC 20002. New architectural drawings are available for a proposed four-unit condominium layout, with the plans presented for informational purposes. The existing building and proposed configuration should be evaluated separately.
Current occupancy, operating information, and a reported 4.6% cap rate provide context for the existing four-unit arrangement. The property also includes landlord-paid water, sewer, and trash service under the current setup.
The property occupies 0.0842 acres at 1729 Trinidad Avenue NE in Washington, DC 20002. New architectural drawings are available for a proposed four-unit condominium layout, with the plans presented for informational purposes. The existing building and proposed configuration should be evaluated separately.
Current occupancy, operating information, and a reported 4.6% cap rate provide context for the existing four-unit arrangement. The property also includes landlord-paid water, sewer, and trash service under the current setup.
Key Highlights
- Four fully occupied units, each with 1 bedroom, 1 bathroom, and a den
- 3,244 SF building on a 0.0842‑acre lot
- Reported current cap rate of 4.6%
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
$61,802
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
7.11%
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%
$1,236,040
$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
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
$93.4K $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 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%
$1,236,040
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residences feature one bedroom, a den, and one bathroom each.
Where is this quadplex located?
The property is located at 1729 TRINIDAD Avenue 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 fully occupied units, each with 1 bedroom, 1 bathroom, and a den; 3,244 SF building on a 0.0842‑acre lot; Reported current cap rate of 4.6%
