Four-Unit Brick
For Sale
$780,000
1733 E Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,264 SF
Lot Size0.09 Acres
Price / SF$238.97
Days on Market414
Property Features for 1733 E Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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
3,264 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8939
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
HVAC
Building Details
Year built
1937
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
Merle S Walker · License #SP9837830
(240) 464-1786
Added: Jul 28, 2025
Changed: Sep 5
Last Checked: Sep 14 at 12:06PM
MLS# DCDC2210678
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 1937 brick quadplex contains four residential units, each configured with two bedrooms and one bathroom. The building offers 3,264 square feet on a 0.0947-acre lot, with central air conditioning and hot-water heating. HVAC systems are installed for each unit, and parking is provided on the street.
The property is located at 1733 E Street NE in Washington, DC 20002. It is within walking distance of RFK Stadium, City Winery, local shops, and area restaurants. The address is situated in the extended Capitol Hill corridor, providing access to neighborhood retail and dining destinations.
The property is located at 1733 E Street NE in Washington, DC 20002. It is within walking distance of RFK Stadium, City Winery, local shops, and area restaurants. The address is situated in the extended Capitol Hill corridor, providing access to neighborhood retail and dining destinations.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- 3,264‑square‑foot building on a 0.0947‑acre lot
- Brick construction completed in 1937
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
$62,183
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
7.97%
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%
$1,243,660
$1.2M
Cap Rate 7%
$888,329
$888.3K
Cap Rate 9%
$690,922
$690.9K
Market Conditions
NOI Build-Up for 3,264 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
$94.0K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$88.8K $27.22/SF
− OpEx
−$26.6K −$8.16/SF
NOI
$62.2K $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%
$1,243,660
Cap Rate 7%
$888,329
Cap Rate 9%
$690,922
Alternative Uses
Best Use
Multifamily LT 5
$888.3K
$777.3K – $1.04M
NOI $62,183 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,965 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,432
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brick four-unit property with central air, hot-water heat, and on-street parking in Washington, DC.
Where is this quadplex located?
The property is located at 1733 E Street NE Washington, DC.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; 3,264‑square‑foot building on a 0.0947‑acre lot; Brick construction completed in 1937
