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Building Details

Building Size 2,800 SF

Year Built 1937

Listing Agency: Zar Realty, LLC Show Phone

Listed By: Julia Joyce-Hall Show Phone

Source: Thetristaterealestategroup

Added: May 4 Changed: Oct 4 Last Checked: Oct 14 at 9:06PM

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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 Zar Realty, LLC

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains approximately 2,800 square feet and was built in 1937. Hardwood interiors and natural-gas service are identified, while the RA-1 zoning designation supports its multifamily classification.

The property is located at 3931 7th Street NE in Washington, DC’s Brookland neighborhood. The surrounding area includes The Catholic University of America, the Franciscan Monastery, local restaurants, and boutique shops. Public transportation and major thoroughfares provide access to the broader District.

Key Highlights

• Four‑unit multifamily property
• Approximately 2,800 square feet
• Built in 1937

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,168

Cap Rate

5.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,003,360 $1.0M

Cap Rate 7%

$716,686 $716.7K

Cap Rate 9%

$557,422 $557.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$75.6K $27.00/SF

− Vacancy

−$3.9K −$1.40/SF

EGI

$71.7K $25.60/SF

− OpEx

−$21.5K −$7.68/SF

NOI

$50.2K $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%

$1,003,360

Cap Rate 7%

$716,686

Cap Rate 9%

$557,422

Alternative Uses

Best Use

Multifamily LT 5

$716.7K

$627.1K – $836.1K (±1% cap)

NOI $50,168 @ 7.0% cap · market cap 5.90%

Second Best

Apartment 5plus

$664.6K

$581.5K – $775.4K (±1% cap)

NOI $46,523 @ 7.0% cap · market cap 5.47%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,816 @ 7.0% cap · market cap 11.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center Hair Salon Building Supply Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,408

Businesses Nearby

Explore this area Business Placement

Demographics for 20017, DC

20,293

Population

9,252

Households

2.2

Avg Household Size

37

Median Age

59%

College-Educated

92%

High-School Grad

2.2 sq mi

ZIP Area

9,224

Density / Sq Mi

$101,543

Median Household Income

$74,399

Median Earnings

$1,793

Median Rent

$686,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit multifamily property in Brookland with natural-gas service and access to public transportation.

Where is this quadplex located?

The property is located at 3931 7Th Street NE Washington, DC.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Four‑unit multifamily property; Approximately 2,800 square feet; Built in 1937