Anacostia Multifamily Investment
For Sale
$899,000
2335 Green Street Southeast, Washington, DC 20020
Four units, strong income potential, convenient location in Washington, DC.
Property Size2,964 SF
Price / SF$303.31
Days on Market183
Property Features for 2335 Green Street Southeast
General Information
Standard status
Active
Size
2,964 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RA-1
Taxes and HOA fees
Annual Taxes
$5,278
Amenities
No
Disposal, Dryer, Exhaust Fan, Refrigerator, Stove, Washer, Washer/Dryer Stacked
No Pool
Building Details
Year Built
1942
Listing Agency:
Compass
(240) 793-5563
Listed By:
Nikki Cooper · License #523834
(240) 793-5563
Source:
Compass
Added: Feb 28
Changed: Aug 26
Last Checked: Aug 29 at 2:47PM
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 Compass
Investment Insights
Based on property information with market context.
This multifamily property in Anacostia presents an investment opportunity with four units. Each unit features three bedrooms and one bathroom. One unit is currently occupied at $2,057 per month, with projections for similar market rents for the remaining vacant units. Each unit includes its own in-unit washer and dryer and open layouts. Ample street parking is available. The property is located within walking distance to public transportation, restaurants, parks, and trails. The property has a walk score of 79, indicating it is very walkable, a transit score of 79, indicating excellent transit, and a bike score of 43, indicating it is somewhat bikeable.
Key Highlights
- Strong income potential from four 3‑bedroom, 1‑bath units
- Opportunity to live in one unit and rent out the other three to cover mortgage costs
- Excellent transit score (79) and very walkable location (79)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,378
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,560
$1.0M
Cap Rate 7%
$748,257
$748.3K
Cap Rate 9%
$581,978
$582.0K
Market Conditions
NOI Build-Up for 2,964 SF
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.
Gross rent
$80.0K $27.00/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$74.8K $25.25/SF
− OpEx
−$22.4K −$7.57/SF
NOI
$52.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,560
Cap Rate 7%
$748,257
Cap Rate 9%
$581,978
Alternative Uses
Best Use
Multifamily LT 5
$748.3K
$654.7K – $873.0K
NOI $52,378 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$668.4K
$584.9K – $779.9K
NOI $46,791 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,122 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,111
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four units, strong income potential, convenient location in Washington, DC.
Where is this quadplex located?
The property is located at 2335 Green Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Strong income potential from **four 3‑bedroom, 1‑bath units**; Opportunity to live in one unit and rent out the other three to cover mortgage costs; Excellent transit score (79) and very walkable location (79)
