1933 P Street SE Washington, DC 20020
MULTI_FAMILY - Other - WASHINGTON, DC
Property Features for 1933 P Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 1
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,664 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16870
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1926
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Other
Listing agent Andrew N Nelson License #SP98375360 (301) 580-8101
Listing office Compass 5471 WISCONSIN Avenue unit: 300, WASHINGTON, DC (301) 298-1001
Listing date Jun 22, 2026
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.
The asset is located at 1933 P Street SE in Washington, DC 20020. The property size is listed as 1,664 square feet on a 0.0266-acre lot. It is being conveyed strictly AS-IS, with buyers responsible for independently verifying all plans, permits, construction status, square footage, zoning, use, and any other material information.
For developers, investors, or owner-occupants seeking a value-add multifamily project, the pre-approved documentation and current construction progress may streamline completion planning. With no existing leases or tenant obligations, the property is positioned for an incoming owner to finish the build-out and move the project toward market-ready status once all remaining requirements are addressed. Buyers should perform their own due diligence regarding the permitted scope, timeline, and final condition before proceeding.
Key Highlights
- Semi‑detached 3‑unit multifamily property with approved plans and active permits
- Each unit is designed with approx. 650 SF, 3 bedrooms, and 1 full bath
- Under construction with substantial construction and systems work already underway
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 | $44.9k | $27.00 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $42.0k | $25.25 |
| − OpEx | −$12.6k | −$7.57 |
| NOI | $29.4k | $17.67 |
