Six-Unit Multifamily
For Sale
$800,000
2513-15 22ND STREET NE, Washington, DC 20018
Two buildings offer one-bedroom-plus-den apartments with separate electric and gas metering.
Property Size2,640 SF
Lot Size0.17 Acres
Price / SF$303.03
Days on Market163
Property Features for 2513-15 22ND STREET NE
General Information
Standard status
Active
Size
2,640 SF
Lot size
0.17 Acres
Property subtype
Duplex
Zoning
R-1B
Property Condition
Severity
Repairs Needed
Evidence
good condition but dated
Units
Unit Mix
6 x 1BR+den/1BA
Multifamily Units
6
Additional Details
Asking Price
$800,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,526
Building Details
Building Size
2,640 SF
Year Built
1941
Buildings
2
Listing Agency:
Keller Williams Capital Properties
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Source:
Kerishull
Added: May 6
Changed: Oct 14
Last Checked: Oct 15 at 7:43AM
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 Keller Williams Capital Properties
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Investment Insights
Based on property information with market context.
This multifamily offering combines 2513 and 2515 22nd Street NE into two residential buildings with six total apartments. Each unit is configured with one bedroom, a den, and one bathroom. The buildings were constructed in 1941 and are described as being in good condition with dated finishes. Large unfinished basements provide additional space that may be converted into living areas, and the units have separately metered electric and gas service.
The property includes four occupied apartments and two vacant units. The buildings sit on a deep 7,500 SF lot and carry R-1B zoning. The six-unit configuration is divided between two units at one address and four units at the other, offering a consolidated multifamily asset across both parcels.
The property includes four occupied apartments and two vacant units. The buildings sit on a deep 7,500 SF lot and carry R-1B zoning. The six-unit configuration is divided between two units at one address and four units at the other, offering a consolidated multifamily asset across both parcels.
Key Highlights
- Six apartments across two buildings: 2 units at 2513 22nd Street NE and 4 units at 2515 22nd Street NE
- All 6 units feature one bedroom, a den, and one bathroom
- Two vacant units; four units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,301
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,020
$946.0K
Cap Rate 7%
$675,729
$675.7K
Cap Rate 9%
$525,567
$525.6K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$71.3K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$67.6K $25.60/SF
− OpEx
−$20.3K −$7.68/SF
NOI
$47.3K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,020
Cap Rate 7%
$675,729
Cap Rate 9%
$525,567
Alternative Uses
Best Use
Multifamily LT 5
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$626.6K
$548.3K – $731.1K
NOI $43,865 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,055 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
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Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer one-bedroom-plus-den apartments with separate electric and gas metering.
Where is this multifamily property located?
The property is located at 2513-15 22ND STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Six apartments across two buildings: 2 units at 2513 22nd Street NE and 4 units at 2515 22nd Street NE; All 6 units feature one bedroom, a den, and one bathroom; Two vacant units; four units are occupied
