2823 4TH Street NE, Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
- Added:
- Jul 2, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 4 at 7:06 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
Listing agent Shurnell Cathey License #SP100818 (202) 391-1199
Listing office RE/MAX Advantage Realty 8820 Columbia 100 Parkway unit: 420, Columbia, DC (410) 740-1200
Listing date Jul 2, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -77.00031
- Latitude
- 38.92632