Renovated 4-Unit Multifamily
4020 8th Street Northeast Washington, DC 20017
For Sale
$1,225,000
Renovated four-unit property with three occupied 3-bedroom units and one vacant unit, separately metered for gas and electric.
Property Size3,488 SF
Price / SF$351.20
Days on Market132
Property Features for 4020 8th Street Northeast
General Information
Standard status
Active
Size
3,488 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1938
Listing Agency:
Keller Williams Capital Properties
(703) 297-2730
Listed By:
Stefan Rosu · License #0225194202
(703) 297-2730
Source:
Compass
Added: Mar 21
Changed: Jul 20
Last Checked: Jul 29 at 12:00PM
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.
Renovated four-unit multifamily building featuring three-bedroom, one-bath layouts across all units, with stainless steel appliances, granite countertops, and renovated bathrooms. Three units include a combo washer and dryer, while the property also offers a coin-operated laundry machine for larger loads. Heat is provided by individual boilers located in the basement, with boilers replaced in 2019. Cooling is provided through window AC units. Units are separately metered for gas and electric, while the owner pays water, sewer, trash, and common electric. A partially finished basement includes individual hot water heaters replaced in 2019, large tenant storage lockers, and coin-operated laundry.
The property is located in Brookland within Washington, DC city limits and is reported to be 0.8 miles from the Brookland-CUA Metro, 0.7 miles from Catholic University, and 0.5 miles from Turkey Thicket Recreation Center.
The property is located in Brookland within Washington, DC city limits and is reported to be 0.8 miles from the Brookland-CUA Metro, 0.7 miles from Catholic University, and 0.5 miles from Turkey Thicket Recreation Center.
Key Highlights
- Renovated 4‑unit building (Year built 1938) in Brookland with 3 occupied 3BR/1BA units and 1 vacant unit
- Average rent is $2,800/month; all units are approximately 800 SF, each with 3 bedrooms and 1 bath
- Renovations completed in 2019 include stainless steel appliances, granite countertops, and renovated bathrooms in all units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.2k | $27.00 |
| − Vacancy | −$4.9k | −$1.40 |
| EGI | $89.3k | $25.60 |
| − OpEx | −$26.8k | −$7.68 |
| NOI | $62.5k | $17.92 |
3,488 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$892.8K
$781.2K – $1.04M
NOI $62,495 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$827.9K
$724.4K – $965.9K
NOI $57,955 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,588 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated four-unit property with three occupied 3-bedroom units and one vacant unit, separately metered for gas and electric.
Where is this quadplex located?
The property is located at 4020 8th Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Renovated 4‑unit building (Year built 1938) in Brookland with 3 occupied 3BR/1BA units and 1 vacant unit; Average rent is $2,800/month; all units are approximately 800 SF, each with 3 bedrooms and 1 bath; Renovations completed in 2019 include stainless steel appliances, granite countertops, and renovated bathrooms in all units
