Building Details

Building Size 2,500 SF

Year Built 1915

Units 4

Listing Agency: Chatel Real Estate, Inc.

Listed By: John T Taylor · License #BR89427 Show Phone

Source: Elliman

Added: Apr 13 Changed: Oct 12 Last Checked: Oct 15 at 2:23AM

Report an Issue

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 Chatel Real Estate, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This multi-unit building is located in the Burleith neighborhood, situated on a quiet residential street near Wisconsin Avenue. The property contains four self-contained units, each featuring a one-bedroom plus den layout. Two of the units include patio areas. A shared laundry room is located in the basement. The property is located near the Georgetown Safeway, Trader Joe's, restaurants, and shops. Current rents range from $1467 to $1650. Tenants are responsible for their unit's electricity, gas, and water/sewer. The property's income is $75,132. Expenses are $20,450, including real estate taxes of $14,000, insurance of $2100, utilities of $1,100, trash removal of $1800, and janitorial service of $1450. The bike score is 70, indicating it is very bikeable. The walk score is 85, indicating it is very walkable. The transit score is 65, indicating good transit.

Key Highlights

• Rare multi‑unit building in Burleith; very few exist in the neighborhood.
• Excellent location: close to Georgetown Safeway, Trader Joe's, restaurants, and shops on Wisconsin Ave.
• Four self‑contained units, each with a 1 bedroom + den layout.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,793

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,860 $895.9K

Cap Rate 7%

$639,900 $639.9K

Cap Rate 9%

$497,700 $497.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$67.5K $27.00/SF

− Vacancy

−$3.5K −$1.40/SF

EGI

$64.0K $25.60/SF

− OpEx

−$19.2K −$7.68/SF

NOI

$44.8K $17.92/SF

Area

Washington, DC

Vacancy

5.20%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,860

Cap Rate 7%

$639,900

Cap Rate 9%

$497,700

Alternative Uses

Best Use

Multifamily LT 5

$639.9K

$559.9K – $746.6K (±1% cap)

NOI $44,793 @ 7.0% cap · market cap 3.46%

Second Best

Apartment 5plus

$593.4K

$519.2K – $692.3K (±1% cap)

NOI $41,539 @ 7.0% cap · market cap 3.21%

Theoretical Best

Office A

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,014 @ 7.0% cap · market cap 6.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Repair Shop Dental Office Auto Parts Store Barber Shop Electrical Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,870

Businesses Nearby

Explore this area Business Placement

Demographics for 20007, DC

26,827

Population

13,583

Households

2

Avg Household Size

35

Median Age

87%

College-Educated

98%

High-School Grad

3.1 sq mi

ZIP Area

8,654

Density / Sq Mi

$142,783

Median Household Income

$93,107

Median Earnings

$2,066

Median Rent

$1,202,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

4-Unit Multifamily with Off-Street Parking

1239 MEIGS PLACE NE, Washington, DC 20002

$1,400,000

View details

Four-Unit Brick Quadplex

928 19TH Street NE, Washington, DC 20002

$995,000

2,508 SF

View details

Multi-family

1904 3RD ST NE, Washington, DC 20002

$1,300,000

2,900 SF

View details

Four-Unit Victorian Residential Building

1415 17TH Street NW, Washington, DC 20036

$1,695,000

2,592 SF

View details

Renovated Four-Unit Multifamily Property

1210 MEIGS Place NE, Washington, DC 20002

$1,500,000

2,776 SF

View details

Four-Unit Brick Apartment Building

138 6TH STREET NE, Washington, DC 20002

$1,195,000

2,880 SF

View details

Four-Unit Brick Multifamily Property

3014 MASSACHUSETTS Avenue SE, Washington, DC 20019

$1,200,000

2,888 SF

View details

Four-Unit Brick Quadplex

1918 I Street NE, Washington, DC 20002

$930,000

2,368 SF

View details

Four-Unit Colonial Apartment Building

1819 D Street NE, Washington, DC 20002

$850,000

2,582 SF

View details

Six-Unit Multifamily Property

2513-15 22ND STREET NE, Washington, DC 20018

$800,000

2,640 SF

View details

Brick Quadplex with Hardwood Floors

1133 D St NE, Washington, DC 20002

$1,900,000

2,744 SF

View details

Renovated Brick Quadplex

1518 ISHERWOOD Street NE, Washington, DC 20002

$975,000

2,841 SF

View details

Frequently Asked Questions

What type of property is this?

Quadplex - Charming four-unit building in a prime Burleith location.

Where is this quadplex located?

The property is located at 1923 35TH NW Washington, DC.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Rare multi‑unit building in Burleith; very few exist in the neighborhood.; Excellent location: close to Georgetown Safeway, Trader Joe's, restaurants, and shops on Wisconsin Ave.; Four self‑contained units, each with a 1 bedroom + den layout.