4-Unit Apartment
New
For Sale
$824,900
4009 9TH STREET NE, Washington, DC 20017
Four rented apartments include a mix of one- and two-bedroom layouts, with tenants responsible for utilities.
Property Size3,628 SF
Price / SF$227.37
Days on Market6
Property Features for 4009 9TH STREET NE
General Information
Standard status
Active
Size
3,628 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$61,200
Taxes and HOA fees
Annual Taxes
$7,827
Building Details
Building Size
3,628 SF
Year Built
1937
Listing Agency:
ANR Realty, LLC
Listed By:
Ana Lucia Ron · License #PB98362267
(877) 328-4400
Source:
Kerishull
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 9:45PM
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 ANR Realty, LLC
Investment Insights
Based on property information with market context.
This 3,628-square-foot apartment property contains four units: two with two bedrooms and one bathroom each, and two with one bedroom and one bathroom each. All four apartments are currently rented, and tenants pay the utilities. The building dates to 1937 and is being sold as-is.
Located at 4009 9th Street NE in Washington, DC 20017, the property offers a four-unit residential configuration with a defined bedroom mix.
Located at 4009 9th Street NE in Washington, DC 20017, the property offers a four-unit residential configuration with a defined bedroom mix.
Key Highlights
- Four apartments, all currently rented
- Two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,004
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,080
$1.3M
Cap Rate 7%
$928,629
$928.6K
Cap Rate 9%
$722,267
$722.3K
Market Conditions
NOI Build-Up for 3,628 SF
Gross rent
$98.0K $27.00/SF
− Vacancy
−$5.1K −$1.40/SF
EGI
$92.9K $25.60/SF
− OpEx
−$27.9K −$7.68/SF
NOI
$65.0K $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 Rate 5%
$1,300,080
Cap Rate 7%
$928,629
Cap Rate 9%
$722,267
Alternative Uses
Best Use
Multifamily LT 5
$928.6K
$812.6K – $1.08M
NOI $65,004 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$861.2K
$753.5K – $1.00M
NOI $60,281 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,629 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,397
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
Check the figures for this property
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?
Quadplex - Four rented apartments include a mix of one- and two-bedroom layouts, with tenants responsible for utilities.
Where is this quadplex located?
The property is located at 4009 9TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: Four apartments, all currently rented; Two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Tenants pay all utilities
