For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four-Unit Multifamily Building Title is generated by Realmo AI

    2823 4TH Street NE, Washington, DC 20002

    View on Map
    Claim this Listing
    New
    For Sale
    $859,888

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    3,480 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $247/SF
    Added:
    Jul 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jul 4 at 9:06 am

    Property Features for 2823 4TH Street NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    3,480 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8196

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1941
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Contact an agent
    Shurnell Cathey

    Listing agent Shurnell Cathey License #SP100818

    Listing office RE/MAX Advantage Realty 8820 Columbia 100 Parkway unit: 420, Columbia, DC

    Listing date Jul 2, 2026

    MLS# DCDC2269788 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

    • Vacant four‑unit multifamily property with approximately 3,480 SF of living space
    • Brick construction with brick‑front exterior
    • Year built: 1941
    • Each unit includes a den that can serve as an additional bedroom for flexible layouts
    • Heating: hot water (heating)
    • Parking: on‑street parking

    Overview

    This classic brick-front four-unit multifamily building is currently vacant and offers approximately 3,480 square feet of living space. The property includes a den in each unit that can serve as an additional bedroom, providing flexibility in how residences are configured for future occupants. In addition to the existing layout, the property is described as having the opportunity to expand off the rear and add one additional level, which could support redesigned residences such as modern 2-bedroom, 2-bath units, 3-bedroom, 2-bath units, or combinations.

    Located in the heart of Brookland, the building is positioned near major educational and healthcare employers, including The Catholic University of America, Trinity Washington University, MedStar Washington Hospital Center, the Washington VA Medical Center, and Children’s National Hospital. The remarks also note convenient access to the Brookland-CUA Metro Station on the Red Line and multiple Metrobus routes, along with regional roadway access via Rhode Island Avenue, South Dakota Avenue, Michigan Avenue, New York Avenue (US-50), and the Baltimore-Washington Parkway.

    For buyers and operators, the current vacancy supports a straightforward plan for occupancy and unit reconfiguration, including den-to-bedroom flexibility. The described rear expansion and addition of a level may be appealing for those looking to update the unit mix within a four-unit framework in an established Northeast Washington neighborhood.

    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 $100.2k $28.80
    − Vacancy −$5.5k −$1.58
    EGI $94.7k $27.22
    − OpEx −$28.4k −$8.16
    NOI $66.3k $19.05
    3,480 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $947.1K
    $828.7K – $1.10M (±1% cap)
    NOI $66,298 @ 7.0% cap · market cap 7.71%
    Second Best
    Apartment 5plus
    $846.4K
    $740.6K – $987.4K (±1% cap)
    NOI $59,246 @ 7.0% cap · market cap 6.89%
    Theoretical Best
    Office A
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,771 @ 7.0% cap · market cap 14.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Accounting Firm Electronics & Wireless Store Acupuncture (Bike/Boat/Book/etc) Store Discount Store (Bike/Boat/Book/etc) Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Home Appliance Store

    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
    -77.00031
    Latitude
    38.92632

    FAQs

    What type of property is this?
    Quadplex - Vacant four-unit brick-front property with dens in each unit, offering flexibility for future bedroom configurations.
    Where is this quadplex located?
    The property is located at 2823 4TH Street NE Washington, DC.
    What is the asking price?
    The asking price for this property is $859,888.
    What are key features of this property?
    This property features: Vacant four‑unit multifamily property with approximately 3,480 SF of living space; Brick construction with brick‑front exterior; Year built: 1941
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message