Furnished Quadplex with Carriage
For Sale
$2,195,000
311 A St NE, Washington, DC 20002
Multiple furnished residences include studio, one-bedroom, and two-bedroom layouts for flexible rental operations.
Property Size3,294 SF
Days on Market49
Property Features for 311 A St NE
General Information
Standard status
Active
Size
3,294 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Ft. Washington
Additional Details
Furnished
Yes
Amenities
Irreplaceable Capitol Hill location steps from U.S. Capitol & Supreme Court
TOPA-free structure provides enhanced execution certainty
Diversified unit mix appeals to a broad tenant base
Turnkey, fully furnished asset with immediate income continuity
Premium ADR-driven income significantly outpaces traditional rents
Proven corporate-housing model with established demand
Main building and separate carriage house provide distinctive appeal
Multiple leasing strategies provide flexibility and risk mitigation
Building Details
Building Size
3,294 SF
Units
4
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
John Slowinski · License #License(s): MD: 5002965, DC: SP200205349
(202) 536-3780
Source:
Marcusmillichap
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 28 at 4:58AM
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 Marcus & Millichap - Washington, D.C.
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Investment Insights
Based on property information with market context.
This four-unit quadplex combines three residences in the primary building with a separate carriage house. The property is fully furnished and includes studio, one-bedroom, and two-bedroom residences. Existing operations follow a corporate-housing model, with the configuration also described as suitable for short- to mid-term rentals or conversion to traditional multifamily use.
The property is located at 311 A Street NE in Washington, DC’s Capitol Hill neighborhood, just off East Capitol Street. The U.S. Capitol, Supreme Court, Library of Congress, and Eastern Market are identified as nearby destinations. The stated tenant base includes government, legal, consulting, and internship occupants.
The property is located at 311 A Street NE in Washington, DC’s Capitol Hill neighborhood, just off East Capitol Street. The U.S. Capitol, Supreme Court, Library of Congress, and Eastern Market are identified as nearby destinations. The stated tenant base includes government, legal, consulting, and internship occupants.
Key Highlights
- Four‑unit quadplex with three main‑building residences and a separate carriage house
- Fully furnished property with an established corporate‑housing operating model
- Unit mix includes studio, one‑bedroom, and two‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,755
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,100
$1.3M
Cap Rate 7%
$896,500
$896.5K
Cap Rate 9%
$697,278
$697.3K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$94.9K $28.80/SF
− Vacancy
−$5.2K −$1.58/SF
EGI
$89.6K $27.22/SF
− OpEx
−$26.9K −$8.16/SF
NOI
$62.8K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,100
Cap Rate 7%
$896,500
Cap Rate 9%
$697,278
Alternative Uses
Best Use
Multifamily LT 5
$896.5K
$784.4K – $1.05M
NOI $62,755 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$801.1K
$701.0K – $934.7K
NOI $56,079 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,049 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,466
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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 - Multiple furnished residences include studio, one-bedroom, and two-bedroom layouts for flexible rental operations.
Where is this quadplex located?
The property is located at 311 A St NE Washington, DC.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Four‑unit quadplex with three main‑building residences and a separate carriage house; Fully furnished property with an established corporate‑housing operating model; Unit mix includes studio, one‑bedroom, and two‑bedroom residences
