4-Unit Brick
For Sale
$649,900
2916 SOUTHERN Avenue SE, Washington, DC 20020
Multi-Family, WASHINGTON, DC
Property Size2,880 SF
Lot Size0.18 Acres
Price / SF$225.66
Days on Market59
Property Features for 2916 SOUTHERN Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
Combination Dining/Living
Appliances
Refrigerator, Stove
Subdivision
RANDLE HEIGHTS
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,880 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3965
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1944
Number of units
4
Building materials
Brick, Aluminum Siding
Listing Agency:
HomeSmart
(301) 352-4065
Listed By:
Valerie D Grant · License #SP200204648
(301) 367-4311
Added: Sep 2
Changed: Oct 29
Last Checked: Oct 30 at 9:06PM
MLS# DCDC2281310
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.
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Investment Insights
Based on property information with market context.
This 2,880-square-foot quadplex contains four units and was built in 1944. Brick and aluminum siding form the exterior, with combination dining and living space, a basement, window-unit cooling, and other heating. Appliances include stoves and refrigerators. The property is offered in its current condition, with no seller repairs; the structure, roof, mechanical systems, and appliances are included in that condition.
Key Highlights
- Four residential units
- 2,880 square feet of building area on a 0.1797‑acre lot
- Built in 1944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,894
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,880
$1.0M
Cap Rate 7%
$727,057
$727.1K
Cap Rate 9%
$565,489
$565.5K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$77.8K $27.00/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$72.7K $25.25/SF
− OpEx
−$21.8K −$7.57/SF
NOI
$50.9K $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 Rate 5%
$1,017,880
Cap Rate 7%
$727,057
Cap Rate 9%
$565,489
Alternative Uses
Best Use
Multifamily LT 5
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$649.5K
$568.3K – $757.8K
NOI $45,465 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,086 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
415
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property is delivered vacant and includes a basement and on-street parking.
Where is this quadplex located?
The property is located at 2916 SOUTHERN Avenue SE Washington, DC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four residential units; 2,880 square feet of building area on a 0.1797‑acre lot; Built in 1944
