Renovated Triplex in
For Sale
$675,000
273 56TH NE, Washington, DC 20019
Fully renovated triplex with strong rental potential in Deanwood.
Property Size1,736 SF
Lot Size0.05 Acres
Days on Market266
Property Features for 273 56TH NE
General Information
Standard status
Active
Size
1,736 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,987
Building Details
Building Size
1,736 SF
Year Built
1951
Listing Agency:
Supreme Properties DMV,LLC
(202) 500-1065
Listed By:
Sonya P Estevez
(202) 500-1065
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 10
Last Checked: Aug 21 at 12:56PM
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 Supreme Properties DMV,LLC
Investment Insights
Based on property information with market context.
This is a renovated triplex located in Deanwood. The property features three units, each with two bedrooms and one bathroom. The building underwent a renovation in 2023. The brick construction provides durability and requires low maintenance. There is parking space for two vehicles. This property is positioned for rental demand and potential for appreciation.
Key Highlights
- Fully renovated in 2023, offering modern living spaces and appeal.
- Three 2‑bedroom, 1‑bath units, providing multiple income streams.
- Prime location in Deanwood, poised for strong rental demand.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,512
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,240
$670.2K
Cap Rate 7%
$478,743
$478.7K
Cap Rate 9%
$372,356
$372.4K
Market Conditions
NOI Build-Up for 1,736 SF
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.
Gross rent
$51.0K $29.40/SF
− Vacancy
−$3.2K −$1.82/SF
EGI
$47.9K $27.58/SF
− OpEx
−$14.4K −$8.27/SF
NOI
$33.5K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$670,240
Cap Rate 7%
$478,743
Cap Rate 9%
$372,356
Alternative Uses
Best Use
Multifamily LT 5
$478.7K
$418.9K – $558.5K
NOI $33,512 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$427.7K
$374.3K – $499.0K
NOI $29,941 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$932.9K
$816.3K – $1.09M
NOI $65,302 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated triplex with strong rental potential in Deanwood.
Where is this triplex located?
The property is located at 273 56TH NE Washington, DC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully renovated in 2023, offering modern living spaces and appeal.; Three 2‑bedroom, 1‑bath units, providing multiple income streams.; Prime location in Deanwood, poised for strong rental demand.
