Vacant Multifamily Building in
3317 15TH Street SE Washington, DC 20032
For Sale
$599,000
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,520 SF
Lot Size0.09 Acres
Price / SF$237.70
Days on Market120
Property Features for 3317 15TH Street SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
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
(202) 547-5600
Listed By:
Nathaniel Tate · License #SP96896
(202) 262-8819
Added: Apr 2
Changed: Jun 9
Last Checked: Jul 30 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This is a four-unit multifamily building located in Southeast Washington, DC. The property is fully vacant and offers the opportunity to set rents immediately. The building contains two one-bedroom units and two two-bedroom units. The property has an estimated rental potential approaching $6,000 per month. The location provides convenient access to the Anacostia Metro Station and Congress Heights Metro Station. Anacostia Park, with trails and riverfront views, and the Frederick Douglass National Historic Site are nearby. Neighborhood amenities include dining and retail options along Martin Luther King Jr Ave SE, such as Busboys and Poets and Turning Natural. The property is located with quick access to Downtown Washington DC, Nationals Park, and major commuter routes. The building is suitable for investors or owner-occupants looking to offset their mortgage with rental income. The lot size is 0.092 acres and the property size is 2520 square feet.
Key Highlights
- Fully vacant 4‑unit building - set your own rents immediately.
- Potential for strong cash flow with estimated rental income approaching $6,000/month.
- Ideal for live‑in investor: live in one unit, rent the others.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $27.00 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $64.5k | $25.60 |
| − OpEx | −$19.4k | −$7.68 |
| NOI | $45.2k | $17.92 |
2,520 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building in Southeast DC with income potential.
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: Fully vacant 4‑unit building - set your own rents immediately.; Potential for strong cash flow with estimated rental income approaching $6,000/month.; Ideal for live‑in investor: live in one unit, rent the others.
