Building Details

Year Built 1942

Listing Agency: Compass

Listed By: Nikki Cooper · License #523834 Show Phone

Source: Compass

Added: Dec 21, 2025 Changed: Oct 11 Last Checked: Oct 15 at 12:59AM

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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 / Yr

$52,378

Cap Rate

5.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,047,560 $1.0M

Cap Rate 7%

$748,257 $748.3K

Cap Rate 9%

$581,978 $582.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,964 SF

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 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 (±1% cap)

NOI $52,378 @ 7.0% cap · market cap 5.83%

Second Best

Apartment 5plus

$668.4K

$584.9K – $779.9K (±1% cap)

NOI $46,791 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,122 @ 7.0% cap · market cap 11.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Nail Salon Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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)