Four-Unit Apartment
2139 NEWPORT PLACE NW Washington, DC 20037
For Sale
$1,400,000
Four one-bedroom units feature central air, in-unit washer/dryer, and separately metered all-electric service.
Property Size2,300 SF
Price / SF$608.70
Days on Market8
Property Features for 2139 NEWPORT PLACE NW
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1900
Listing Agency:
Horvath & Tremblay MD, LLC
(202) 534-3003
Listed By:
Christian Barreiro · License #SP98373426
(202) 534-3003
Source:
Cummingsrealtors
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 26 at 2:02PM
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 Horvath & Tremblay MD, LLC
Investment Insights
Based on property information with market context.
This four-unit apartment building includes four one-bedroom apartments with similar layouts. Each unit is equipped with central air conditioning, in-unit washer and dryer, and a dishwasher, along with separately metered all-electric service. Two ground level units include rear outdoor patios. Tenants are responsible for their own electric usage, while the owner is responsible for water service.
As of July 27th, two units are expected to be vacant, supporting in-place income while allowing for potential lease-up of the remaining apartments. The property is located within walking distance of Dupont Circle Metro and George Washington University.
The building’s configuration and the presence of unit-level amenities and separate metering are designed to support efficient day-to-day operation.
As of July 27th, two units are expected to be vacant, supporting in-place income while allowing for potential lease-up of the remaining apartments. The property is located within walking distance of Dupont Circle Metro and George Washington University.
The building’s configuration and the presence of unit-level amenities and separate metering are designed to support efficient day-to-day operation.
Key Highlights
- 4‑unit apartment building with four 1‑bedroom apartments (Year built: 1900)
- Each unit has central air, in‑unit washer/dryer, and a dishwasher
- Separately metered all‑electric service for each apartment; tenants pay electric, owner pays water
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 | $62.1k | $27.00 |
| − Vacancy | −$3.2k | −$1.40 |
| EGI | $58.9k | $25.60 |
| − OpEx | −$17.7k | −$7.68 |
| NOI | $41.2k | $17.92 |
2,300 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$545.9K
$477.7K – $636.9K
NOI $38,216 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,813 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four one-bedroom units feature central air, in-unit washer/dryer, and separately metered all-electric service.
Where is this quadplex located?
The property is located at 2139 NEWPORT PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4‑unit apartment building with four 1‑bedroom apartments (Year built: 1900); Each unit has central air, in‑unit washer/dryer, and a dishwasher; Separately metered all‑electric service for each apartment; tenants pay electric, owner pays water
