Four-Unit Building Near Capitol
1733 E Street Northeast, Washington, DC 20002
3,264 sq ft four-unit building near RFK Stadium.
Type:Multi-Family / Fee Simple
Property size:
3,264 SFPrice / SF:
$275/SF- Added:
- Jul 28, 2025
- Days on Market:
- 308
- Last Refresh:
- Mar 13 at 4:22 pm
Property Features for 1733 E Street Northeast
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1937
Listing agent Merle S Walker License #531519 (240) 464-1786
Listing office Fairfax Realty Premier (240) 464-1786
Listing date Jul 28, 2025
Source Compass
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 Fairfax Realty Premier
HighLights
- Prime location in the extended Capitol Hill corridor, near RFK Stadium, eateries, shops, and City Winery.
- Four spacious units, each with 2 bedrooms and 1 bathroom, totaling 3,264 sq ft.
- Significant income potential: live in one unit and rent out the other three.
- HVAC systems already installed in each unit.
- Development potential: renovate, expand upward with a rooftop addition, or outward to add extra space.
- NO TOPA (Tenant Opportunity to Purchase Act) applies.
Overview
This 3,264 sq ft building features four units, each containing two bedrooms and one bathroom. HVAC systems are installed in each unit. Located in the extended Capitol Hill corridor, the property is within walking distance of RFK Stadium, eateries, local shops, and City Winery. The property offers potential for renovation, expansion, or new construction. Opportunities include expanding upward with a rooftop addition, or extending outward to add extra bedrooms or common space. The property could be transformed into a high-income-producing rental. The location is within city limits, in Washington County, and is part of the DISTRICT OF COLUMBIA PUBLIC SCHOOLS school district.
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 | $94.0k | $28.80 |
| − Vacancy | −$5.2k | −$1.58 |
| EGI | $88.8k | $27.22 |
| − OpEx | −$26.6k | −$8.16 |
| NOI | $62.2k | $19.05 |
3,264 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$888.3K
$777.3K – $1.04M
NOI $62,183 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,965 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9861
- Latitude
- 38.9057
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - 3,264 sq ft four-unit building near RFK Stadium.
Where is this quadplex located?
The property is located at 1733 E Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $899,998.
What are key features of this property?
This property features: Prime location in the extended Capitol Hill corridor, near RFK Stadium, eateries, shops, and City Winery.; Four spacious units, each with 2 bedrooms and 1 bathroom, totaling 3,264 sq ft.; Significant income potential: live in one unit and rent out the other three.
