Tenant-Occupied Four-Unit
For Sale
$1,200,000
3014 MASSACHUSETTS AVENUE SE, Washington, DC 20019
Established multifamily property with four residential units and existing tenants in Southeast Washington.
Property Size2,888 SF
Days on Market65
Property Features for 3014 MASSACHUSETTS AVENUE SE
General Information
Standard status
Active
Size
2,888 SF
Property subtype
Quadruplex
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,778
Building Details
Building Size
2,888 SF
Year Built
1941
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Kristopher Henry · License #643875
(678) 362-6461
Source:
Barnesrealestatecompany
Added: Aug 12
Changed: Oct 14
Last Checked: Oct 15 at 6:14AM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
3014 Massachusetts Avenue SE is a tenant-occupied quadplex in Washington, DC, containing four residential units. Constructed in 1941, the property provides multiple residences within one multifamily asset and is currently occupied by tenants. Showings are available by appointment with advance notice; tenants should not be disturbed.
The property is positioned in Southeast Washington with access to Capitol Hill, Downtown Washington, public transportation, major commuter routes, neighborhood shopping, dining, recreation, and everyday services. Walk Score is 19, Transit Score is 64, and Bike Score is 63, reflecting a car-dependent setting with good transit access and bikeable conditions.
The property is positioned in Southeast Washington with access to Capitol Hill, Downtown Washington, public transportation, major commuter routes, neighborhood shopping, dining, recreation, and everyday services. Walk Score is 19, Transit Score is 64, and Bike Score is 63, reflecting a car-dependent setting with good transit access and bikeable conditions.
Key Highlights
- Four‑unit multifamily property with existing tenants
- Built in 1941
- Tenant‑occupied; showings require advance notice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,750
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,000
$1.1M
Cap Rate 7%
$796,429
$796.4K
Cap Rate 9%
$619,444
$619.4K
Market Conditions
NOI Build-Up for 2,888 SF
Gross rent
$84.9K $29.40/SF
− Vacancy
−$5.3K −$1.82/SF
EGI
$79.6K $27.58/SF
− OpEx
−$23.9K −$8.27/SF
NOI
$55.8K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,000
Cap Rate 7%
$796,429
Cap Rate 9%
$619,444
Alternative Uses
Best Use
Multifamily LT 5
$796.4K
$696.9K – $929.2K
NOI $55,750 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$711.6K
$622.6K – $830.2K
NOI $49,810 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,637 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Established multifamily property with four residential units and existing tenants in Southeast Washington.
Where is this quadplex located?
The property is located at 3014 MASSACHUSETTS AVENUE SE Washington, DC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit multifamily property with existing tenants; Built in 1941; Tenant‑occupied; showings require advance notice
