Six-Unit Multifamily
For Sale
$800,000
2513-15 22ND Street NE, Washington, DC 20018
Multi-Family, WASHINGTON, DC
Property Size2,640 SF
Lot Size0.09 Acres
Price / SF$303.03
Days on Market154
Property Features for 2513-15 22ND Street NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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 · Keller Williams Realty
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: May 6
Changed: Sep 5
Last Checked: Oct 6 at 6:06AM
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.
This multifamily offering combines two brick apartment buildings at 2513 and 2515 22nd Street NE, with six apartments in total. Each unit is configured with one bedroom, a den, and one bathroom. The buildings date to 1941 and include large unfinished basements that may provide additional conversion potential. Existing units are described as being in good but dated condition.
Two apartments are vacant and four are occupied. Electric and gas utilities are separately metered, while heating is provided by hot water systems. The parcels together contain a 7,500-square-foot lot and are zoned R-1B. On-street parking serves the property, which is located in Washington, DC 20018.
Two apartments are vacant and four are occupied. Electric and gas utilities are separately metered, while heating is provided by hot water systems. The parcels together contain a 7,500-square-foot lot and are zoned R-1B. On-street parking serves the property, which is located in Washington, DC 20018.
Key Highlights
- Six apartments across two buildings at 2513 and 2515 22nd St NE
- All units configured with one bedroom, den, and one bathroom
- Two vacant units and four occupied units
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.
Property Analytics
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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
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two brick apartment buildings offer six one-bedroom-plus-den units 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 at 2513 and 2515 22nd St NE; All units configured with one bedroom, den, and one bathroom; Two vacant units and four occupied units
