Five-Unit Apartment
For Sale
$1,495,000
337 DELAFIELD PLACE NW, Washington, DC 20011
Updated interiors and an accessible main level support flexible multifamily operations.
Property Size4,113 SF
Days on Market43
Property Features for 337 DELAFIELD PLACE NW
General Information
Standard status
Active
Size
4,113 SF
Property subtype
Quadruplex
Zoning
residential and commercial mixed-use allowed, blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah.
Occupancy
1%
Taxes and HOA fees
Annual Taxes
$11,316
Amenities
"
Building Details
Building Size
4,113 SF
Year Built
1936
Construction
A
Listing Agency:
EXP Realty, LLC
(312) 330-7300
Listed By:
SERIF SOYDAN · License #SP200205344
(312) 330-7300
Source:
Barnesrealestatecompany
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 13 at 11:48AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1936 apartment building contains five income-producing units, including one 3-bedroom, three 2-bedroom, and one 1-bedroom residence. Interior upgrades have been completed throughout the units, while recent exterior work includes fresh paint and professional landscaping. The main level is handicap accessible and was previously used as a medical facility, offering an alternate configuration subject to applicable approvals.
The property is located at 337 Delafield Place NW in Washington, DC, near New Hampshire Avenue NW. Shopping, restaurants, hospitals, Metro access, parks, and major commuter routes are identified in the surrounding area. The building may offer a path to six units, subject to buyer verification and required approvals. An assumable FHA loan with a 2.875% interest rate is also reported as part of the existing financing.
The property is located at 337 Delafield Place NW in Washington, DC, near New Hampshire Avenue NW. Shopping, restaurants, hospitals, Metro access, parks, and major commuter routes are identified in the surrounding area. The building may offer a path to six units, subject to buyer verification and required approvals. An assumable FHA loan with a 2.875% interest rate is also reported as part of the existing financing.
Key Highlights
- Five‑unit apartment building with a 3‑bedroom, three 2‑bedroom, and one 1‑bedroom unit mix
- 1936 construction with interior updates across all five income‑producing units
- Fresh exterior paint and professional landscaping recently completed
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
$65,463
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
4.38%
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%
$1,309,260
$1.3M
Cap Rate 7%
$935,186
$935.2K
Cap Rate 9%
$727,367
$727.4K
Market Conditions
NOI Build-Up for 4,113 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
$126.4K $30.72/SF
− Vacancy
−$7.3K −$1.78/SF
EGI
$119.0K $28.94/SF
− OpEx
−$53.6K −$13.02/SF
NOI
$65.5K $15.92/SF
Area
ZIP 20011
Vacancy
5.80%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
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%
$1,309,260
Cap Rate 7%
$935,186
Cap Rate 9%
$727,367
Alternative Uses
Best Use
Apartment 5plus
$935.2K
$818.3K – $1.09M
NOI $65,463 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,648 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,514
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors and an accessible main level support flexible multifamily operations.
Where is this apartment building located?
The property is located at 337 DELAFIELD PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Five‑unit apartment building with a 3‑bedroom, three 2‑bedroom, and one 1‑bedroom unit mix; 1936 construction with interior updates across all five income‑producing units; Fresh exterior paint and professional landscaping recently completed
