Woodridge Multifamily Value-Add
2513-15 22ND Street NE Washington, DC 20018
For Sale
$800,000
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,640 SF
Lot Size0.09 Acres
Price / SF$303.03
Days on Market86
Property Features for 2513-15 22ND Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
2,640 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5526
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1941
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Capital Properties
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: May 6
Changed: Jun 9
Last Checked: Jul 30 at 3:06AM
MLS# DCDC2260216
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Woodridge, this offering presents a value-add opportunity. The sale includes two properties: 2513 22nd St NE, containing two units, and 2515 22nd St NE, which features four units. The combined listing price for both is $800,000. Each of the six units is configured as a one-bedroom plus den and one-bath apartment. There is potential to add bedrooms to all units. The properties include large, unfinished basements that could be converted into additional living space. Currently, two units are vacant, while the remaining four are occupied. In-place rents range from $1,000 to $1,384 per month. The units are in good condition but have dated finishes. Electric and gas are separately metered for each unit. The combined lot size is 7,500 square feet. The zoning for both parcels is R-1B.
Key Highlights
- Two‑building package at 2513 and 2515 22nd St NE: total of 6 units (sold together)
- 6 units configured as 1 bedroom + den, 1 bath; potential to add bedrooms in all units
- Two vacant units currently; four units occupied with in‑place rents ranging from $1,000/month to $1,384/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $27.00 |
| − Vacancy | −$3.7k | −$1.40 |
| EGI | $67.6k | $25.60 |
| − OpEx | −$20.3k | −$7.68 |
| NOI | $47.3k | $17.92 |
2,640 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily properties with six units, value-add potential in Woodridge.
Where is this apartment building 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: Two‑building package at 2513 and 2515 22nd St NE: total of 6 units (sold together); 6 units configured as 1 bedroom + den, 1 bath; potential to add bedrooms in all units; Two vacant units currently; four units occupied with in‑place rents ranging from $1,000/month to $1,384/month
