Four-Unit Apartment
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 Market49
Property Features for 1819 D STREET NE
General Information
Standard status
Active
Size
2,582 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Southeast
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: Oct 26
Last Checked: Oct 28 at 2:31PM
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
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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 / Yr
$49,190
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
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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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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 - 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
