Brick Quadplex with In-Unit
For Sale
$689,000
1732 S ST SE, Washington, DC 20020
Four one-bedroom units with in-unit washer and dryer offer immediate rental income and tenant convenience.
Property Size2,720 SF
Price / SF$253.31
Days on Market117
Property Features for 1732 S ST SE
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Multi-family
Financials
Cap Rate
6%
Opportunity Zone
Yes
Additional Details
Multifamily Units
4
Listing Agency:
Coldwell Banker Realty - Washington
(202) 387-6180
Listed By:
DHEERESH PATEL · License #SP200203533
(202) 588-0055
Source:
Hostetterrealty
Added: Jun 21
Changed: Oct 9
Last Checked: Oct 14 at 10:54PM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This classic brick quadruplex offers four residential units configured as one-bedrooms plus den/enclosed patio space. Each unit includes an in-unit washer and dryer, built-in microwave, and a gas range, supporting comfortable, self-contained living. The property is presented as a four-unit multifamily investment with current cash-flow characteristics, described as approximately a 6% cap rate, with room to reposition through renovations or other value-focused updates.
The property is located in Washington, DC, inside The District on a quiet, tree-lined residential street. Residents have access to Anacostia Park and the riverwalk trail/path, along with the newly built Anacostia Recreation Center at Ketcham. The area is also discussed as an emerging submarket with ongoing public and private investment, and purchasers may be eligible for Opportunity Zone (OZ) benefits. Major points of interest and employment destinations are described as minutes away, and transportation access includes I-295, I-695, Suitland Parkway, and South Capitol Street, along with Metrobus and nearby Anacostia Metro service.
For buyers seeking a turn-key owner-occupied setup or a steady income asset, the unit mix and in-home laundry functionality are practical for a wide range of household types. The layout also allows flexibility for a future repositioning plan, including renovation-focused strategies, while maintaining the option to hold and operate as a cash-flowing multifamily property.
The property is located in Washington, DC, inside The District on a quiet, tree-lined residential street. Residents have access to Anacostia Park and the riverwalk trail/path, along with the newly built Anacostia Recreation Center at Ketcham. The area is also discussed as an emerging submarket with ongoing public and private investment, and purchasers may be eligible for Opportunity Zone (OZ) benefits. Major points of interest and employment destinations are described as minutes away, and transportation access includes I-295, I-695, Suitland Parkway, and South Capitol Street, along with Metrobus and nearby Anacostia Metro service.
For buyers seeking a turn-key owner-occupied setup or a steady income asset, the unit mix and in-home laundry functionality are practical for a wide range of household types. The layout also allows flexibility for a future repositioning plan, including renovation-focused strategies, while maintaining the option to hold and operate as a cash-flowing multifamily property.
Key Highlights
- 1938‑built, classic brick four‑unit multifamily (quadruplex) with cash‑flowing rental setup
- Four one‑bedroom units with in‑unit washer and dryer, plus built‑in microwave and gas range in each unit
- Approx. 6% cap rate mentioned for the income‑producing multifamily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,066
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,320
$961.3K
Cap Rate 7%
$686,657
$686.7K
Cap Rate 9%
$534,067
$534.1K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$73.4K $27.00/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$68.7K $25.25/SF
− OpEx
−$20.6K −$7.57/SF
NOI
$48.1K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$961,320
Cap Rate 7%
$686,657
Cap Rate 9%
$534,067
Alternative Uses
Best Use
Multifamily LT 5
$686.7K
$600.8K – $801.1K
NOI $48,066 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$613.4K
$536.7K – $715.7K
NOI $42,939 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,304 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
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 one-bedroom units with in-unit washer and dryer offer immediate rental income and tenant convenience.
Where is this quadplex located?
The property is located at 1732 S ST SE Washington, DC.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 1938‑built, classic brick four‑unit multifamily (quadruplex) with cash‑flowing rental setup; Four one‑bedroom units with in‑unit washer and dryer, plus built‑in microwave and gas range in each unit; Approx. 6% cap rate mentioned for the income‑producing multifamily
