Four-Unit Brick
New
For Sale
$1,200,000
3014 MASSACHUSETTS Avenue SE, Washington, DC 20019
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,888 SF
Lot Size0.12 Acres
Price / SF$415.51
Days on Market3
Property Features for 3014 MASSACHUSETTS Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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
2,888 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
5778
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Coldwell Banker Realty - Washington · Coldwell Banker Real Estate
(202) 387-6180
Listed By:
Kristopher Henry · License #643875
(678) 362-6461
Added: Aug 12
Last Checked: Aug 14 at 10:06AM
MLS# DCDC2278344
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.
Investment Insights
Based on property information with market context.
Located at 3014 Massachusetts Avenue SE in Washington, DC, this four-unit multifamily property contains 2,888 square feet on a 0.1169-acre lot. The building was constructed in 1941 with brick exterior materials and hot-water heating. Four residential units provide a compact multifamily configuration, and the property is currently tenant-occupied.
The asset is positioned in Southeast Washington near neighborhood shopping, dining, recreation, and everyday services. The location also offers access to public transportation, major commuter routes, Capitol Hill, and Downtown Washington. Parking is provided on street. Showings require advance notice and must be arranged by appointment.
The asset is positioned in Southeast Washington near neighborhood shopping, dining, recreation, and everyday services. The location also offers access to public transportation, major commuter routes, Capitol Hill, and Downtown Washington. Parking is provided on street. Showings require advance notice and must be arranged by appointment.
Key Highlights
- Four residential units in a single multifamily property
- 2,888 square feet on a 0.1169‑acre lot
- Brick construction with hot‑water heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied multifamily property with hot-water heating and on-street parking in Southeast Washington, DC.
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 residential units in a single multifamily property; 2,888 square feet on a 0.1169‑acre lot; Brick construction with hot‑water heating
