Corner Fourplex Investment
For Sale
$1,800,000
4000 EDMUNDS STREET NW, Washington, DC 20007
Four-unit multifamily building on a prominent corner lot, currently fully occupied.
Property Size3,460 SF
Price / SF$520.23
Days on Market62
Property Features for 4000 EDMUNDS STREET NW
General Information
Standard status
Active
Size
3,460 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,654
Building Details
Building Size
3,460 SF
Year Built
1939
Listing Agency:
KW Metro Center
(302) 480-4104
Listed By:
Solomon Chase · License #SP40003686
(302) 480-4104
Source:
Kerishull
Added: Jun 30
Changed: Aug 28
Last Checked: Aug 29 at 2:02PM
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 KW Metro Center
Investment Insights
Based on property information with market context.
This offering is a four-unit multifamily (fourplex) property with a total of four residential units. The building is described as fully occupied, providing immediate rental occupancy for the next owner. Additional interior and building details are noted as coming soon, along with professional photos and supporting materials.
The property is located on a prominent corner lot in Glover Park, Washington, DC. It is positioned in the heart of the neighborhood with access to nearby Georgetown and Cathedral Heights, as well as dining and shopping along Wisconsin Avenue. The remarks also indicate proximity to parks and major commuter routes. Transit, walk, and bike scores are provided in the public remarks.
For investors seeking a small multifamily acquisition in a sought-after Northwest DC area, the fourplex format can offer operational manageability with four separate units. With the property described as fully occupied, buyers can evaluate it based on the existing in-place rental situation while reviewing the additional details that are expected to be released soon.
The property is located on a prominent corner lot in Glover Park, Washington, DC. It is positioned in the heart of the neighborhood with access to nearby Georgetown and Cathedral Heights, as well as dining and shopping along Wisconsin Avenue. The remarks also indicate proximity to parks and major commuter routes. Transit, walk, and bike scores are provided in the public remarks.
For investors seeking a small multifamily acquisition in a sought-after Northwest DC area, the fourplex format can offer operational manageability with four separate units. With the property described as fully occupied, buyers can evaluate it based on the existing in-place rental situation while reviewing the additional details that are expected to be released soon.
Key Highlights
- Four‑unit multifamily building on a prominent corner lot in Glover Park
- Built in 1939
- Currently fully occupied
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
$61,994
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
3.44%
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%
$1,239,880
$1.2M
Cap Rate 7%
$885,629
$885.6K
Cap Rate 9%
$688,822
$688.8K
Market Conditions
NOI Build-Up for 3,460 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
$93.4K $27.00/SF
− Vacancy
−$4.9K −$1.40/SF
EGI
$88.6K $25.60/SF
− OpEx
−$26.6K −$7.68/SF
NOI
$62.0K $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 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%
$1,239,880
Cap Rate 7%
$885,629
Cap Rate 9%
$688,822
Alternative Uses
Best Use
Multifamily LT 5
$885.6K
$774.9K – $1.03M
NOI $61,994 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$821.3K
$718.6K – $958.2K
NOI $57,490 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,580 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily building on a prominent corner lot, currently fully occupied.
Where is this quadplex located?
The property is located at 4000 EDMUNDS STREET NW Washington, DC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four‑unit multifamily building on a prominent corner lot in Glover Park; Built in 1939; Currently fully occupied
