Brookland Four-Unit Multifamily
For Sale
$1,174,000
4020 8th St NE, Washington, DC 20017
Renovated four-unit building in Brookland with strong cash flow.
Property Size3,488 SF
Price / SF$336.58
Days on Market205
Property Features for 4020 8th St NE
General Information
Standard status
Active
Size
3,488 SF
Property subtype
Multi-Family
Building Details
Year Built
1938
Listing Agency:
Keller Williams Capital Properties
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Source:
Hargreaveshomesales
Added: Mar 25
Changed: Oct 9
Last Checked: Oct 7 at 2:42PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This renovated four-unit building is located in Brookland. Each unit features three bedrooms and one bathroom, with an approximate area of 800 square feet. The average rent is $2,800 per month. Unit 1 is currently vacant, while the other three units are occupied. Renovations were completed in 2019, and all units include stainless steel appliances, granite countertops, and renovated bathrooms. Three of the units also have combo washer and dryers. Heat is provided by individual boilers located in the basement, and cooling is provided by window AC units. Each unit is separately metered for gas and electric. The owner is responsible for water, sewer, trash, and common electric. The building features a partially finished basement with individual boilers (replaced in 2019), hot water heaters (replaced in 2019), large tenant storage lockers, and a coin-operated laundry machine for larger loads. The property is located 0.5 miles from Turkey Thicket Recreation Center, 0.7 miles from Catholic University, and 0.8 miles from the Brookland-CUA Metro.
Key Highlights
- Strong cash flow with an average rent of $2,800/month per unit.
- Renovated in 2019 with stainless steel appliances, granite countertops, and renovated bathrooms in all units.
- Four 3‑bedroom, 1‑bath units, each approximately 800 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,495
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,900
$1.2M
Cap Rate 7%
$892,786
$892.8K
Cap Rate 9%
$694,389
$694.4K
Market Conditions
NOI Build-Up for 3,488 SF
Gross rent
$94.2K $27.00/SF
− Vacancy
−$4.9K −$1.40/SF
EGI
$89.3K $25.60/SF
− OpEx
−$26.8K −$7.68/SF
NOI
$62.5K $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%
$1,249,900
Cap Rate 7%
$892,786
Cap Rate 9%
$694,389
Alternative Uses
Best Use
Multifamily LT 5
$892.8K
$781.2K – $1.04M
NOI $62,495 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$827.9K
$724.4K – $965.9K
NOI $57,955 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,588 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
681
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
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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?
Quadplex - Renovated four-unit building in Brookland with strong cash flow.
Where is this quadplex located?
The property is located at 4020 8th St NE Washington, DC.
What is the asking price?
The asking price for this property is $1,174,000.
What are key features of this property?
This property features: Strong cash flow with an average rent of $2,800/month per unit.; Renovated in 2019 with **stainless steel appliances, granite countertops, and renovated bathrooms** in all units.; Four 3‑bedroom, 1‑bath units, each approximately 800 SF.
