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Brookland Multifamily Investment Opportunity

2916 8TH Street NE Washington, DC 20017

2916 8TH Street NE, Washington, DC, 20017

$875,000

For Sale

Under Contract

$875,000

MULTI_FAMILY - WASHINGTON, DC

Property Size3,296 SF

Lot Size0.09 Acres

Price / SF$265.47

AddedApr 1

Days on Market107

Last RefreshJul 16 at 4:06 am

Property Features for 2916 8TH Street NE

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Parking: 2
Parking features: Off Street
Standard status: Active Under Contract
Size: 3,296 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Annual Amount: 8471

Building Details

Year built: 1941
Number of units: 4
Building materials: Brick Front

Listing agent So Tayebi License #SP200201631

Listing office HomeSmart 57 Randolph Road unit: #100, SILVER SPRING, DC

Listing date Apr 1, 2026

MLS# DCDC2253708 Listing URL

Investment Insights

Based on property information with market context.

This is a 4-unit apartment building located in the Brookland neighborhood of Washington, D.C. The property contains 3,296 square feet and sits on a 0.0882-acre lot. All four units were renovated approximately four years ago and are configured to function as 3-bedroom, 1-bath layouts. The property can be delivered up to 75% vacant at closing, allowing an investor to immediately lease the three vacant units while maintaining the existing in-place tenant. At stabilization, projected rents are approximately $12,128 per month. Expenses are efficiently managed at roughly 10% of gross income. For an FHA buyer, there is an opportunity to occupy one unit while leasing out the remaining units, including the current tenant, generating approximately $8,537 per month in rental income. The property is located in WASHINGTON, DC 20017.

Key Highlights

Potential for high monthly rental income at stabilization ($12,128/month).
Opportunity to deliver the property up to 75% vacant, allowing for immediate leasing of vacant units.
Suited for FHA buyers to occupy one unit and generate rental income from the remaining units ($8,537/month).

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$89.0k	$27.00
− Vacancy	−$4.6k	−$1.40
EGI	$84.4k	$25.60
− OpEx	−$25.3k	−$7.68
NOI	$59.1k	$17.92

3,296 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$843.6K

$738.2K – $984.3K (±1% cap)

NOI $59,055 @ 7.0% cap · market cap 6.75%

Second Best

Apartment 5plus

$782.4K

$684.6K – $912.8K (±1% cap)

NOI $54,765 @ 7.0% cap · market cap 6.26%

Theoretical Best

Office A

$1.70M

$1.48M – $1.98M (±1% cap)

NOI $118,675 @ 7.0% cap · market cap 13.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

District Property LLC ... Real Estate Agency

Suggested Use

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For sale
Quadplexes
DC
Washington
20017
2916 8TH Street NE

What type of property is this?

Quadplex - Four renovated units in Brookland, Washington, D.C. with income potential.

Where is this quadplex located?

The property is located at 2916 8TH Street NE Washington, DC.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Potential for **high monthly rental income at stabilization ($12,128/month)**.; Opportunity to deliver the property up to 75% vacant, allowing for immediate leasing of vacant units.; Suited for FHA buyers to occupy one unit and generate rental income from the remaining units ($8,537/month).

2916 8TH Street NE Washington, DC 20017

MULTI_FAMILY - WASHINGTON, DC

Property Features for 2916 8TH Street NE

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Columbia Heights Mixed-Use Investment

Turnkey Mixed-Use Redevelopment Opportunity

Prime Retail Opportunity in Washington

Three-Unit Townhouse with Rooftop Deck

Fully Occupied Quadplex Investment

Six-Unit Multifamily Building with RA-1

Office Condominium with Parking

Four-Unit Multifamily Building

Multifamily Property with Independent Entrances

Multi-Unit Residential Income Property

Fully Renovated 4-Unit Multifamily

Four-Unit Building in Carver Langston

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