Four-Unit Multifamily
For Sale
Contact for pricing
315 Decatur St NW, Washington, DC 20011
Four-unit residential property with a mixed unit layout and current 50% occupancy.
Property Size3,222 SF
Price / SF$201.74
Days on Market162
Property Features for 315 Decatur St NW
General Information
Standard status
Active
Size
3,222 SF
Property subtype
Multifamily
Occupancy
50%
Investment Type
Value Add
Units
Unit Mix
1 x 1BR, 1 x 2BR, 2 x 2BR+den
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Year Built
1935
Year Renovated
2020
Buildings
1
Units
4
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Lorenzo Wooten, Jr. CCIM · License #MD 629911
(202) 536-3700
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Mar 27 at 4:56AM
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.
Investment Insights
Based on property information with market context.
This four-unit residential property at 315 Decatur Street NW includes one one-bedroom residence, one two-bedroom residence, and two two-bedroom units with dens. Units average approximately 800 square feet. Current occupancy is 50%, leaving two units available for leasing and creating an opportunity to reposition interiors through renovations. The property supports both market-rate and voucher-oriented leasing strategies.
The building is in Petworth, a residential area of Northwest Washington, D.C. Fort Totten Metro Station is nearby and serves the Red, Green, and Yellow lines, connecting the property with employment centers across the District and surrounding areas. The surrounding corridor includes neighborhood retail, dining, and entertainment options. Projected stabilized performance includes an 8.63% CAP rate.
The building is in Petworth, a residential area of Northwest Washington, D.C. Fort Totten Metro Station is nearby and serves the Red, Green, and Yellow lines, connecting the property with employment centers across the District and surrounding areas. The surrounding corridor includes neighborhood retail, dining, and entertainment options. Projected stabilized performance includes an 8.63% CAP rate.
Key Highlights
- Four‑unit property with one one‑bedroom, one two‑bedroom, and two two‑bedroom‑plus‑den units
- Units average approximately 800 square feet
- Current occupancy is 50% with two units available for lease‑up
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
$57,729
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
8.88%
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%
$1,154,580
$1.2M
Cap Rate 7%
$824,700
$824.7K
Cap Rate 9%
$641,433
$641.4K
Market Conditions
NOI Build-Up for 3,222 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
$87.0K $27.00/SF
− Vacancy
−$4.5K −$1.40/SF
EGI
$82.5K $25.60/SF
− OpEx
−$24.7K −$7.68/SF
NOI
$57.7K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,154,580
Cap Rate 7%
$824,700
Cap Rate 9%
$641,433
Alternative Uses
Best Use
Multifamily LT 5
$824.7K
$721.6K – $962.2K
NOI $57,729 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$732.6K
$641.0K – $854.7K
NOI $51,281 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,447 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
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 - Four-unit residential property with a mixed unit layout and current 50% occupancy.
Where is this quadplex located?
The property is located at 315 Decatur St NW Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property with one one‑bedroom, one two‑bedroom, and two two‑bedroom‑plus‑den units; Units average approximately 800 square feet; Current occupancy is 50% with two units available for lease‑up
