Fully Occupied Quadplex Investment

1729 TRINIDAD Avenue NE Washington, DC 20002

Claim this Listing
New
For Sale
$869,000

MULTI_FAMILY - Federal - WASHINGTON, DC

Property size:
3,244 SF
Lot size:
0.08 Acres
Price / SF:
$267/SF
Added:
Jul 10, 2026
Days on Market:
1
Last Refresh:
Jul 10 at 10:06 pm

Property Features for 1729 TRINIDAD Avenue NE

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
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 agent Alexandra I Burrell-Hodges License #IB98371676

Listing office Cottage Street Realty LLC 8300 BOONE Boulevard unit: 500, Vienna, DC

Listing date Jul 10, 2026

MLS# DCDC2270584 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.


Investment Insights

Based on property information with market context.

This quadplex at 1729 Trinidad Avenue NE offers 4 rental units totaling 3,244 square feet, currently fully occupied. Each unit is configured as 1 bedroom, 1 bathroom, plus a den. Current rent is reported per apartment with the landlord paying trash and water/sewer; Apt 1, Apt 2, Apt 3, and Apt 4 are listed with monthly rents of 1,375, 1,400, 1,400, and 1,425 respectively, plus utilities. Estimated annual gross income is $66,900, with estimated annual expenses of $15,369, resulting in reported NOI of $51,531 and a current cap rate of 4.6%. The property is strictly sold as-is.

New architectural drawings are described as available, along with future development potential. The submission references a concept for 4 unit condominium residences, with each unit proposed as 3 bedrooms and 2.5 bathrooms. Common area is noted as 431 square feet, with total proposed gross proceeds and projected net profit figures included in the remarks.

The lot size is listed as 0.0842 acres, and all information is described as informational, including that pictures and plans may not reflect actual condition.

Key Highlights

  • 4‑unit building, fully occupied, with current leases for 1 bed + 1 bath + den in each unit
  • Building size 3,244 SF; brick construction with Federal architectural style
  • Central air and forced‑air heating; on‑street parking

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $93.4k $28.80
− Vacancy −$5.1k −$1.58
EGI $88.3k $27.22
− OpEx −$26.5k −$8.16
NOI $61.8k $19.05
3,244 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$882.9K
$772.5K – $1.03M (±1% cap)
NOI $61,802 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$789.0K
$690.4K – $920.5K (±1% cap)
NOI $55,228 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.67M
$1.47M – $1.95M (±1% cap)
NOI $117,242 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Quadplex with four fully occupied units and architectural drawings available for possible future condo conversion.
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: 4‑unit building, fully occupied, with current leases for 1 bed + 1 bath + den in each unit; Building size 3,244 SF; brick construction with Federal architectural style; Central air and forced‑air heating; on‑street parking
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