Multifamily Property with Central
For Sale
$700,000
2323 Green St SE, Washington, DC 20020
Washington, DC property with RA-1 zoning and central air conditioning.
Property Size2,888 SF
Price / SF$242.38
Days on Market73
Property Features for 2323 Green St SE
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Multi-Family
Building Details
Year Built
1942
Listing Agency:
Greysteel Company LLC
Listed By:
Ari Firoozabadi · License #0225081719
(202) 280-2722
Source:
Themelaninteam
Added: Aug 4
Changed: Oct 5
Last Checked: Oct 7 at 2:03PM
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 Greysteel Company LLC
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Investment Insights
Based on property information with market context.
This multifamily property at 2323 Green St SE in Washington, DC was built in 1942 and includes central air conditioning. The property carries RA-1 zoning and has an on-street exterior feature. Its location is identified by ZIP Code 20020.
Key Highlights
- RA‑1 zoning designation
- Central air conditioning
- Built in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,592
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,840
$911.8K
Cap Rate 7%
$651,314
$651.3K
Cap Rate 9%
$506,578
$506.6K
Market Conditions
NOI Build-Up for 2,888 SF
Gross rent
$88.4K $30.60/SF
− Vacancy
−$5.5K −$1.90/SF
EGI
$82.9K $28.70/SF
− OpEx
−$37.3K −$12.92/SF
NOI
$45.6K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,840
Cap Rate 7%
$651,314
Cap Rate 9%
$506,578
Alternative Uses
Best Use
Apartment 5plus
$651.3K
$569.9K – $759.9K
NOI $45,592 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,376 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,111
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Washington, DC property with RA-1 zoning and central air conditioning.
Where is this multifamily property located?
The property is located at 2323 Green St SE Washington, DC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: RA‑1 zoning designation; Central air conditioning; Built in 1942
