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    Ivy City Quadruplex Investment Title is generated by Realmo AI

    1942 CAPITOL Avenue NE, Washington, DC 20002

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    For Sale
    $650,000

    MULTI_FAMILY - WASHINGTON, DC

    Property size:
    2,182 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $297/SF
    Added:
    Oct 22, 2025
    Days on Market:
    236
    Last Refresh:
    Jun 14 at 7:06 pm

    Property Features for 1942 CAPITOL Avenue NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    2,182 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5620

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1943
    Number of units
    4
    Building materials
    Brick

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    Listing Contact
    Luwam Bokure

    Listing agent Luwam Bokure License #SP40000482

    Listing office Fairfax Realty Select 3190 FAIRVIEW PARK Drive unit: 100, Falls Church, DC

    Listing date Oct 22, 2025

    MLS# DCDC2228552 Listing URL

    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.

    HighLights

    • Quadruplex in thriving Ivy City neighborhood offers an exceptional investment opportunity.
    • Four units, each with 1 bedroom and 1 bathroom.
    • Units 1 and 3 are currently occupied, providing immediate rental income.
    • Units 2 and 4 offer customization potential for increased rental income.
    • Convenient location within walking distance to markets, coffee shops, gyms, and bars.
    • Minutes away from Union Market.

    Overview

    Located at 1942 Capitol Ave NE in Washington, DC's Ivy City neighborhood, this quadruplex offers an investment opportunity. The property contains four units, each featuring one bedroom and one bathroom. Units 1 and 3 are currently occupied, generating immediate rental income. Units 2 and 4 are vacant, providing an opportunity for customization and increased rental income. The TOPA requirements have been addressed. The property's location provides convenient access to markets, coffee shops, gyms, and bars, and is minutes from Union Market. The lot size is 0.0826 acres, and the property size is 2182 square feet.

    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 $62.8k $28.80
    − Vacancy −$3.5k −$1.58
    EGI $59.4k $27.22
    − OpEx −$17.8k −$8.16
    NOI $41.6k $19.05
    2,182 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $593.9K
    $519.6K – $692.8K (±1% cap)
    NOI $41,570 @ 7.0% cap · market cap 6.40%
    Second Best
    Apartment 5plus
    $530.7K
    $464.4K – $619.1K (±1% cap)
    NOI $37,148 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Office A
    $1.13M
    $985.8K – $1.31M (±1% cap)
    NOI $78,860 @ 7.0% cap · market cap 12.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.98409
    Latitude
    38.91286

    FAQs

    What type of property is this?
    Quadplex - Quadruplex in Ivy City with income potential.
    Where is this quadplex located?
    The property is located at 1942 CAPITOL Avenue NE Washington, DC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Quadruplex in thriving Ivy City neighborhood offers an exceptional investment opportunity.; Four units, each with 1 bedroom and 1 bathroom.; Units 1 and 3 are currently occupied, providing immediate rental income.
    More about this property
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