Two-Story Brick
For Sale
$499,999
2303 S St SE, Washington, DC 20020
Two-story brick quadplex with four one-bedroom units, offering a value-add setup for an income-focused buyer.
Property Size2,592 SF
Price / SF$192.90
Days on Market190
Property Features for 2303 S St SE
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1956
Stories
2
Construction
brick
Listing Agency:
LPT Realty, LLC
Listed By:
Edward Slavis · License #SP98374190
(202) 870-0407
Source:
Belegacyre
Added: Mar 31
Changed: Sep 30
Last Checked: Oct 5 at 10:56PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This classic two-story brick quadplex offers four one-bedroom units. The property is presented as a value-add opportunity, positioned for improvements that can enhance its income-producing use.
The building is located at 2303 S St SE in Washington, DC. Public remarks note convenient access to Navy Yard and downtown Washington, DC, with proximity to Pennsylvania Avenue SE and the Sousa Bridge.
For buyers seeking a small multifamily asset with four separate one-bedroom units, this quadplex provides a straightforward configuration designed to support rental income and long-term ownership.
The building is located at 2303 S St SE in Washington, DC. Public remarks note convenient access to Navy Yard and downtown Washington, DC, with proximity to Pennsylvania Avenue SE and the Sousa Bridge.
For buyers seeking a small multifamily asset with four separate one-bedroom units, this quadplex provides a straightforward configuration designed to support rental income and long-term ownership.
Key Highlights
- Two‑story brick quadplex built in 1956
- Four one‑bedroom units—ideal for an income‑focused, value‑add setup
- Located at 2303 S St SE with access to Navy Yard and downtown Washington, DC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,805
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,100
$916.1K
Cap Rate 7%
$654,357
$654.4K
Cap Rate 9%
$508,944
$508.9K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$70.0K $27.00/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$65.4K $25.25/SF
− OpEx
−$19.6K −$7.57/SF
NOI
$45.8K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,100
Cap Rate 7%
$654,357
Cap Rate 9%
$508,944
Alternative Uses
Best Use
Multifamily LT 5
$654.4K
$572.6K – $763.4K
NOI $45,805 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$584.6K
$511.5K – $682.0K
NOI $40,919 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,678 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story brick quadplex with four one-bedroom units, offering a value-add setup for an income-focused buyer.
Where is this quadplex located?
The property is located at 2303 S St SE Washington, DC.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑story brick quadplex built in 1956; Four one‑bedroom units—ideal for an income‑focused, value‑add setup; Located at 2303 S St SE with access to Navy Yard and downtown Washington, DC
