Ivy City Quadruplex
1942 CAPITOL Avenue NE Washington, DC 20002
For Sale
$650,000
MULTI_FAMILY - WASHINGTON, DC
Property Size2,182 SF
Lot Size0.08 Acres
Price / SF$297.89
Days on Market282
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
Listing Agency:
Fairfax Realty Select
(703) 533-8660
Listed By:
Luwam Bokure · License #SP40000482
(571) 490-6841
Added: Oct 22, 2025
Changed: Jun 9
Last Checked: Jul 30 at 7:06AM
MLS# DCDC2228552
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.
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.
Key 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.
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
NOI $41,570 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$530.7K
$464.4K – $619.1K
NOI $37,148 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.13M
$985.8K – $1.31M
NOI $78,860 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
