Renovated Brookland Multifamily Investment
4020 8TH Street NE Washington, DC 20017
For Sale
$1,174,000
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size3,488 SF
Lot Size0.07 Acres
Price / SF$336.58
Days on Market127
Property Features for 4020 8TH Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- Alley, Driveway
- Standard status
- Active
- Size
- 3,488 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10168
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1938
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency:
Keller Williams Capital Properties
(202) 243-7700
Listed By:
Stefan Rosu · License #SP98377007
(703) 297-2730
Added: Mar 22
Changed: Jul 9
Last Checked: Jul 26 at 8:06PM
MLS# DCDC2251956
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated four-unit multifamily building is located in Brookland. The property generates strong cash flow, with an average rent of $2,800 per month. Each of the four units features three bedrooms and one bathroom, with an approximate area of 800 square feet. Renovations were completed in 2019, and all units include stainless steel appliances, granite countertops, and renovated bathrooms. Three of the four units also have combination 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 expenses. The building has a partially finished basement with individual boilers and hot water heaters, both replaced in 2019. The basement also includes large tenant storage lockers and a coin-operated laundry machine. 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 station. The lot size is 0.0718 acres, and the building size is 3,488 square feet.
Key Highlights
- Renovated 4‑unit brick Colonial building (1938) with strong cash flow; average rent $2,800/month.
- All units are 3 bed, 1 bath with approx. 800 SF each; 1 unit vacant and 3 units occupied.
- Renovations completed in 2019, including 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 5.32%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Renovated 4-unit building in Brookland with strong cash flow.
Where is this quadplex located?
The property is located at 4020 8TH Street 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: Renovated 4‑unit brick Colonial building (1938) with strong cash flow; average rent $2,800/month.; All units are 3 bed, 1 bath with approx. 800 SF each; 1 unit vacant and 3 units occupied.; Renovations completed in 2019, including stainless steel appliances, granite countertops, and renovated bathrooms in all units.
