Five-Unit Apartment
For Sale
$1,495,000
337 DELAFIELD Place NW, Washington, DC 20011
Multi-Family, WASHINGTON, DC
Property Size4,113 SF
Lot Size0.08 Acres
Price / SF$363.48
Days on Market89
Property Features for 337 DELAFIELD Place NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Off Street
Subdivision
PETWORTH
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
Size
4,113 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
11316
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(833) 335-7433
Listed By:
SERIF SOYDAN · License #SP200205344
(312) 330-7300
Added: Jul 3
Changed: Sep 5
Last Checked: Sep 29 at 4:06AM
MLS# DCDC2269674
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.
Located at 337 Delafield Place NW in Washington, DC, this brick apartment building contains five income-producing units within 4,113 square feet. The unit mix includes one three-bedroom residence, three two-bedroom residences, and one one-bedroom residence. The property includes a basement, off-street parking, window-unit cooling, and heating identified as other. The main level is handicap accessible and was previously used as a medical facility, with any future use subject to applicable approvals.
Built in 1936 on 0.0772 acres, the property has received interior upgrades, fresh exterior paint, and professional landscaping. The address is near New Hampshire Avenue NW, with shopping, restaurants, hospitals, Metro access, parks, and major commuter routes in the surrounding area. A possible conversion to six units is noted in the property information and should be independently verified.
Built in 1936 on 0.0772 acres, the property has received interior upgrades, fresh exterior paint, and professional landscaping. The address is near New Hampshire Avenue NW, with shopping, restaurants, hospitals, Metro access, parks, and major commuter routes in the surrounding area. A possible conversion to six units is noted in the property information and should be independently verified.
Key Highlights
- Five‑unit apartment building with one 3‑bedroom, three 2‑bedroom, and one 1‑bedroom unit
- 4,113 square feet on a 0.0772‑acre lot
- Handicap‑accessible main level with prior medical facility use
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
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Current Use
Lease Details
5
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick apartment property with upgraded interiors and an accessible main level.
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 one 3‑bedroom, three 2‑bedroom, and one 1‑bedroom unit; 4,113 square feet on a 0.0772‑acre lot; Handicap‑accessible main level with prior medical facility use
