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
Days on Market71
Property Features for 1732 S St SE
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Investment
Financials
Cap Rate
6%
Opportunity Zone
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,335
Building Details
Building Size
2,720 SF
Year Built
1938
Units
4
Listing Agency:
Coldwell Banker Real Estate LLC
(202) 588-0055
Listed By:
DHEERESH PATEL · License #SP200203533
(202) 588-0055
Source:
Elliman
Added: Jun 21
Changed: Aug 22
Last Checked: Aug 29 at 11:48AM
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 Real Estate LLC
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 = 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
$48,066
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
6.98%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
