Vacant Four-Unit Brick
For Sale
Under Contract
$599,000
3317 15TH Street SE, Washington, DC 20032
Multi-Family, WASHINGTON, DC
Property Size2,520 SF
Lot Size0.09 Acres
Price / SF$237.70
Days on Market211
Property Features for 3317 15TH Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Middle school
JOHNSON
High school
BALLOU SENIOR
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 Under Contract
Size
2,520 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4603
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1945
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
RE/MAX Allegiance · RE/MAX International
(202) 547-5600
Listed By:
Nathaniel Tate · License #SP96896
(202) 262-8819
Added: Apr 2
Changed: Oct 18
Last Checked: Oct 29 at 11:06PM
MLS# DCDC2253854
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 vacant quadplex at 3317 15th Street SE contains 2,520 square feet across four residential units. The configuration includes two 1-bedroom units and two 2-bedroom units, providing a defined mix within the building. Constructed in 1945, the property has brick construction, hot water heating, central air, and on-street parking. The site encompasses 0.092 acres.
The property is in Washington, DC 20032, with access to Anacostia Metro Station and Congress Heights Metro Station. Anacostia Park, the Frederick Douglass National Historic Site, neighborhood dining, and retail along Martin Luther King Jr Ave SE are also identified nearby. Downtown Washington DC, Nationals Park, and major commuter routes are accessible from the property.
The property is in Washington, DC 20032, with access to Anacostia Metro Station and Congress Heights Metro Station. Anacostia Park, the Frederick Douglass National Historic Site, neighborhood dining, and retail along Martin Luther King Jr Ave SE are also identified nearby. Downtown Washington DC, Nationals Park, and major commuter routes are accessible from the property.
Key Highlights
- Four‑unit building with two 1‑bedroom units and two 2‑bedroom units
- 2,520 square feet on 0.092 acres
- Fully vacant at 3317 15th Street SE, Washington, DC 20032
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,151
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,020
$903.0K
Cap Rate 7%
$645,014
$645.0K
Cap Rate 9%
$501,678
$501.7K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$68.0K $27.00/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$64.5K $25.60/SF
− OpEx
−$19.4K −$7.68/SF
NOI
$45.2K $17.92/SF
Area
Washington, DC
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 Rate 5%
$903,020
Cap Rate 7%
$645,014
Cap Rate 9%
$501,678
Alternative Uses
Best Use
Multifamily LT 5
$645.0K
$564.4K – $752.5K
NOI $45,151 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$598.2K
$523.4K – $697.9K
NOI $41,871 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,735 @ 7.0% cap · market cap 15.15%
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
621
Businesses Nearby
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Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
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 - Vacant residential income property with a two-bedroom and one-bedroom unit mix, central air, and on-street parking.
Where is this quadplex located?
The property is located at 3317 15TH Street SE Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four‑unit building with two 1‑bedroom units and two 2‑bedroom units; 2,520 square feet on 0.092 acres; Fully vacant at 3317 15th Street SE, Washington, DC 20032
