Four-Unit Multifamily
2513-15 22nd Street Northeast Washington, DC 20018
For Sale
$800,000
Two adjacent buildings offer six one-bedroom-plus-den rental units with separate electric and gas metering.
Property Size2,640 SF
Lot Size0.17 Acres
Price / SF$303.03
Days on Market83
Property Features for 2513-15 22nd Street Northeast
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1941
Listing Agency:
Keller Williams Capital Properties
(703) 297-2730
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Source:
Compass
Added: May 4
Changed: Jul 22
Last Checked: Jul 25 at 10:50AM
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
Investment Insights
Based on property information with market context.
This sale includes two adjacent multifamily buildings: 2513 22nd St NE (two units) and 2515 22nd St NE (four units), sold together for a total of six residential units. All units are currently configured as one bedroom plus den and one bath apartments. A value-add opportunity is available, as the layout may allow for adding bedrooms in all units, and each building has a large unfinished basement that can be converted into additional living space.
At the time of listing, two of the six units are vacant and four are occupied. The units are described as being in good condition but dated, with electric and gas separately metered. Both parcels are located in city limits with zoning shown as R-1B, and the lot is described as measuring 7,500 SF.
The property is positioned as a straightforward multifamily ownership with in-place rents reported to range from $1,000 per month to $1,384 per month.
At the time of listing, two of the six units are vacant and four are occupied. The units are described as being in good condition but dated, with electric and gas separately metered. Both parcels are located in city limits with zoning shown as R-1B, and the lot is described as measuring 7,500 SF.
The property is positioned as a straightforward multifamily ownership with in-place rents reported to range from $1,000 per month to $1,384 per month.
Key Highlights
- 6‑unit property: two adjacent buildings at 2513 22nd St NE (2 units) and 2515 22nd St NE (4 units)
- All units are 1‑bedroom + den, 1‑bath apartments; potential to add bedrooms in all units (per remarks)
- In‑place rents currently range from $1,000/month to $1,384/month; 2 units are vacant and 4 are occupied
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two adjacent buildings offer six one-bedroom-plus-den rental units with separate electric and gas metering.
Where is this duplex located?
The property is located at 2513-15 22nd Street Northeast 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: 6‑unit property: two adjacent buildings at 2513 22nd St NE (2 units) and 2515 22nd St NE (4 units); All units are 1‑bedroom + den, 1‑bath apartments; potential to add bedrooms in all units (per remarks); In‑place rents currently range from $1,000/month to $1,384/month; 2 units are vacant and 4 are occupied
