4-Unit Residential Income
For Sale
$799,000
2808 Buena Vista Terrace SE, Washington, DC 20020
Four separate 3-bedroom units offer in-unit washer/dryer and current occupancy for an owner-occupant or investor.
Property Size3,060 SF
Price / SF$279.57
Days on Market198
Property Features for 2808 Buena Vista Terrace SE
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Multi-Family
Zoning
23
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,259
Amenities
Other
Natural Gas
Yes
No
Assessor
Floor Plan - Open,Kitchen - Galley
4
No Pool
Public
0.10
On Street
174560.00
Building Details
Building Size
3,060 SF
Year Built
1943
Listing Agency:
Penn One Realty
(856) 222-0077
Listed By:
Ryan LeBon · License #1540241
Source:
Thetristaterealestategroup
Added: Jan 28
Changed: Aug 13
Last Checked: Aug 13 at 3:27AM
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 Penn One Realty
Investment Insights
Based on property information with market context.
This is a 4-unit multifamily residential property with four separate units, each featuring three bedrooms and one bathroom. The units are described as having in-unit washer/dryer and abundant natural light. Per the property remarks, one unit is currently occupied and generating rental income, while the remaining units would be available for leasing to complete the property’s full rent potential.
The address is 2808 Buena Vista Terrace SE in Washington, DC. The remarks note convenient access to Anacostia, Navy Yard, Capitol Hill, and downtown DC, along with easy access to public transportation, shopping, and dining. Showings require at least a two-hour notice.
From an owner-occupant standpoint, the property remarks state that FHA and VA financing options are available for qualified buyers. With a live-in option alongside rental income from the currently occupied unit, this layout can fit buyers looking for a straightforward 4-unit setup. For investors, the configuration supports a tenant-occupied strategy once the remaining units are leased, aligning with the property’s described income profile when fully rented.
The address is 2808 Buena Vista Terrace SE in Washington, DC. The remarks note convenient access to Anacostia, Navy Yard, Capitol Hill, and downtown DC, along with easy access to public transportation, shopping, and dining. Showings require at least a two-hour notice.
From an owner-occupant standpoint, the property remarks state that FHA and VA financing options are available for qualified buyers. With a live-in option alongside rental income from the currently occupied unit, this layout can fit buyers looking for a straightforward 4-unit setup. For investors, the configuration supports a tenant-occupied strategy once the remaining units are leased, aligning with the property’s described income profile when fully rented.
Key Highlights
- 4‑unit multifamily property built in 1943 with four separate 3‑bedroom units (1 bath each)
- Each unit has in‑unit washer/dryer and a bright floor plan with an open layout and galley kitchen
- Natural gas heating and natural gas hot water; basement is included
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
$50,505
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
6.32%
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%
$1,010,100
$1.0M
Cap Rate 7%
$721,500
$721.5K
Cap Rate 9%
$561,167
$561.2K
Market Conditions
NOI Build-Up for 2,858 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
$77.2K $27.00/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$72.2K $25.25/SF
− OpEx
−$21.6K −$7.57/SF
NOI
$50.5K $17.67/SF
Area
ZIP 20020
Vacancy
6.50%
Lease Rate
$27.00 /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%
$1,010,100
Cap Rate 7%
$721,500
Cap Rate 9%
$561,167
Alternative Uses
Best Use
Multifamily LT 5
$721.5K
$631.3K – $841.8K
NOI $50,505 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$644.5K
$564.0K – $752.0K
NOI $45,118 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,291 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate 3-bedroom units offer in-unit washer/dryer and current occupancy for an owner-occupant or investor.
Where is this quadplex located?
The property is located at 2808 Buena Vista Terrace SE Washington, DC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4‑unit multifamily property built in 1943 with four separate 3‑bedroom units (1 bath each); Each unit has in‑unit washer/dryer and a bright floor plan with an open layout and galley kitchen; Natural gas heating and natural gas hot water; basement is included
