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    Woodridge Multifamily Value-Add Opportunity Title is generated by Realmo AI

    2513-15 22ND Street NE, Washington, DC 20018

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    Claim this Listing
    For Sale
    $800,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    2,640 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $303/SF
    Added:
    May 6, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 14 at 5:06 pm

    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

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    Listing Contact
    Stefan Rosu

    Listing agent Stefan Rosu License #SP98377007

    Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

    Listing date May 6, 2026

    MLS# DCDC2260216 Listing URL

    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.

    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
    • Large lot measuring 7,500 SF; both parcels zoned R‑1B
    • Brick buildings built in 1941 with hot water heating and on‑street parking
    • Large unfinished basements at both buildings may be converted into additional living space; electric and gas are separately metered

    Overview

    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.

    Local 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 (±1% cap)
    NOI $47,301 @ 7.0% cap · market cap 5.91%
    Second Best
    Apartment 5plus
    $626.6K
    $548.3K – $731.1K (±1% cap)
    NOI $43,865 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Office A
    $1.36M
    $1.19M – $1.58M (±1% cap)
    NOI $95,055 @ 7.0% cap · market cap 11.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.97394
    Latitude
    38.92279

    FAQs

    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
    More about this property
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