Brick Quadplex with Vacant
For Sale
$575,000
1733 MINNESOTA AVENUE SE, Washington, DC 20020
Four-unit residential building with three occupied apartments, one available unit, and RA-2 zoning on a large lot.
Property Size3,232 SF
Price / SF$177.91
Days on Market57
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Property Features for 1733 MINNESOTA AVENUE SE
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Quadruplex
Zoning
RA-2
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1938
Buildings
1
Construction
brick
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Cummingsrealtors
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 14 at 11:42PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 1938, this brick quadplex contains four residential units, with three currently occupied and one vacant. The available apartment can support an owner-occupant or be leased separately, while the occupied units provide an established rental component. The property sits on a large lot with substantial rear yard space and carries RA-2 zoning, identified as a moderate-density residential apartment zone.
The property is located at 1733 Minnesota Ave SE in Washington, DC 20020, within the Randle Heights area. Recorded walkability is 78, the bike score is 71, and the transit score is 63, providing measurable access characteristics for residents and potential occupants.
The property is located at 1733 Minnesota Ave SE in Washington, DC 20020, within the Randle Heights area. Recorded walkability is 78, the bike score is 71, and the transit score is 63, providing measurable access characteristics for residents and potential occupants.
Key Highlights
- Four‑unit brick residential building constructed in 1938
- Three occupied units and one vacant unit
- Large lot with substantial rear yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,022
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,440
$1.0M
Cap Rate 7%
$728,886
$728.9K
Cap Rate 9%
$566,911
$566.9K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$98.9K $30.60/SF
− Vacancy
−$6.1K −$1.90/SF
EGI
$92.8K $28.70/SF
− OpEx
−$41.7K −$12.92/SF
NOI
$51.0K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,440
Cap Rate 7%
$728,886
Cap Rate 9%
$566,911
Alternative Uses
Best Use
Multifamily LT 5
$815.9K
$713.9K – $951.9K
NOI $57,114 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$728.9K
$637.8K – $850.4K
NOI $51,022 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,808 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,272
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-unit residential building with three occupied apartments, one available unit, and RA-2 zoning on a large lot.
Where is this quadplex located?
The property is located at 1733 MINNESOTA AVENUE SE Washington, DC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑unit brick residential building constructed in 1938; Three occupied units and one vacant unit; Large lot with substantial rear yard space
