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 Market213
Property Features for 2303 S St SE
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Skyland
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) 883-6884
Source:
Belegacyre
Added: Mar 31
Changed: Oct 25
Last Checked: Oct 7 at 5:34PM
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
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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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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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
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
