Four-Unit Apartment
New
For Sale
$850,000
1819 D STREET NE, Washington, DC 20002
All residences have similar finishes and fixtures following a 2004/2005 renovation.
Property Size2,582 SF
Days on Market3
Property Features for 1819 D STREET NE
General Information
Standard status
Active
Size
2,582 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,168
Building Details
Building Size
2,582 SF
Year Built
1956
Listing Agency:
Compass
Listed By:
Todd W Bissey · License #SP98357574
(202) 841-7653
Source:
Kwcapitalproperties
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 14 at 8:34AM
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 Compass
Investment Insights
Based on property information with market context.
This 2,582-square-foot four-unit apartment building is offered in AS-IS condition. The property was renovated in 2004/2005 and converted to condominiums, with similar finishes and fixtures across the units. The condominium regime was cancelled on 8/8/2023. The building dates to 1956 and has remained under the same ownership for more than 20 years.
The lot measures approximately 42.5' W x 64.5' L based on the DCOZ Official Zoning Map. A new RFK development is within walking distance. Only the second-floor residences, Units #3 and #4, may be shown. Unit #1 no longer has a bedroom window, and a neighboring building blocks the living-room window in Unit #3 and the bedroom window in Unit #1. Unit #1 may be reconfigured by exchanging the kitchen and bathroom locations, subject to buyer verification.
The lot measures approximately 42.5' W x 64.5' L based on the DCOZ Official Zoning Map. A new RFK development is within walking distance. Only the second-floor residences, Units #3 and #4, may be shown. Unit #1 no longer has a bedroom window, and a neighboring building blocks the living-room window in Unit #3 and the bedroom window in Unit #1. Unit #1 may be reconfigured by exchanging the kitchen and bathroom locations, subject to buyer verification.
Key Highlights
- Four‑unit apartment building with 2,582 SF
- Renovated in 2004/2005 with similar finishes and fixtures across all 4 units
- Lot measures 42.5' W x 64.5' L
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
$49,190
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
5.79%
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%
$983,800
$983.8K
Cap Rate 7%
$702,714
$702.7K
Cap Rate 9%
$546,556
$546.6K
Market Conditions
NOI Build-Up for 2,582 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
$74.4K $28.80/SF
− Vacancy
−$4.1K −$1.58/SF
EGI
$70.3K $27.22/SF
− OpEx
−$21.1K −$8.16/SF
NOI
$49.2K $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%
$983,800
Cap Rate 7%
$702,714
Cap Rate 9%
$546,556
Alternative Uses
Best Use
Multifamily LT 5
$702.7K
$614.9K – $819.8K
NOI $49,190 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.6K
NOI $43,958 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,316 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - All residences have similar finishes and fixtures following a 2004/2005 renovation.
Where is this quadplex located?
The property is located at 1819 D STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit apartment building with 2,582 SF; Renovated in 2004/2005 with similar finishes and fixtures across all 4 units; Lot measures 42.5' W x 64.5' L
