Semi-Detached Three-Unit
1933 P Street Southeast Washington, DC 20020
For Sale
$599,900
Three-unit semi-detached multifamily property with approved plans and active permits for ongoing construction.
Property Size1,664 SF
Price / SF$360.52
Days on Market49
Property Features for 1933 P Street Southeast
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1926
Listing Agency:
Compass
(301) 580-8101
Listed By:
Andrew Nelson · License #SP98375360
(301) 580-8101
Source:
Compass
Added: Jun 11
Changed: Jul 21
Last Checked: Jul 29 at 2:00PM
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 semi-detached multifamily property is configured as three units. Each unit is planned with approximately three bedrooms and one full bath, and the offering includes approved plans and active permits with substantial construction and systems work already underway. The property is delivered fully vacant and is being sold strictly as-is, with buyers responsible for independently verifying plans, permits, construction status, square footage, zoning, use, and all other material information.
The property is located in Washington, DC, and is within city limits. The listing information references the District of Columbia Public Schools.
Prospective buyers should review the approved plans and permit status in detail, as the home is not described as completed at the time of sale and requires an incoming owner to complete the build-out.
The property is located in Washington, DC, and is within city limits. The listing information references the District of Columbia Public Schools.
Prospective buyers should review the approved plans and permit status in detail, as the home is not described as completed at the time of sale and requires an incoming owner to complete the build-out.
Key Highlights
- 3‑unit semi‑detached multifamily property with approved plans and active permits for ongoing construction
- Each unit is designed for 3 bedrooms and 1 full bath, with approximately 650 SF per unit
- Property is delivered fully vacant with no existing leases or tenant obligations
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 |
1,664 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.1K
$367.6K – $490.1K
NOI $29,405 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$375.3K
$328.4K – $437.8K
NOI $26,269 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$859.1K
$751.7K – $1.00M
NOI $60,139 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit semi-detached multifamily property with approved plans and active permits for ongoing construction.
Where is this triplex located?
The property is located at 1933 P Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3‑unit semi‑detached multifamily property with approved plans and active permits for ongoing construction; Each unit is designed for 3 bedrooms and 1 full bath, with approximately 650 SF per unit; Property is delivered fully vacant with no existing leases or tenant obligations
