Multifamily Property with Detached
For Sale
$891,900
4037 22ND STREET NE, Washington, DC 20018
1927 property with central air, a finished lower level, and off-street parking.
Property Size3,399 SF
Days on Market109
Property Features for 4037 22ND STREET NE
General Information
Standard status
Active
Size
3,399 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,880
Building Details
Building Size
3,399 SF
Year Built
1927
Listing Agency:
Keller Williams Capital Properties
Listed By:
Yvonne T Lee II · License #644794
(301) 613-6070
Source:
Barnesrealestatecompany
Added: Jun 30
Changed: Oct 10
Last Checked: Oct 15 at 5:31AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1927 and includes central air, electric service, natural gas, and a finished lower level with exterior entry, daylight, and walk-out access. The interior includes an open floorplan, kitchen island, walk-in closet, soaking tub, and a kitchen equipped with a gas range, gas oven, dishwasher, disposal, refrigerator, and microwave.
Exterior features include a detached carport, driveway, off-street parking, balcony, lighting, rain gutters, and an asphalt surface. The property is zoned RESIDENTIAL and is located at 4037 22nd Street NE in Washington, DC, near shops, Metro access, and dining in Brookland.
Exterior features include a detached carport, driveway, off-street parking, balcony, lighting, rain gutters, and an asphalt surface. The property is zoned RESIDENTIAL and is located at 4037 22nd Street NE in Washington, DC, near shops, Metro access, and dining in Brookland.
Key Highlights
- Multifamily property at 4037 22ND STREET NE, WASHINGTON, DC 20018
- Built in 1927 with RESIDENTIAL zoning
- Finished lower level with exterior entry, daylight, and walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,476
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,520
$1.1M
Cap Rate 7%
$806,800
$806.8K
Cap Rate 9%
$627,511
$627.5K
Market Conditions
NOI Build-Up for 3,399 SF
Gross rent
$108.1K $31.80/SF
− Vacancy
−$5.4K −$1.59/SF
EGI
$102.7K $30.21/SF
− OpEx
−$46.2K −$13.59/SF
NOI
$56.5K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,129,520
Cap Rate 7%
$806,800
Cap Rate 9%
$627,511
Alternative Uses
Best Use
Apartment 5plus
$806.8K
$706.0K – $941.3K
NOI $56,476 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,384 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 20018, DC
20,646
Population
9,753
Households
2.1
Avg Household Size
39
Median Age
46%
College-Educated
89%
High-School Grad
3.0 sq mi
ZIP Area
6,882
Density / Sq Mi
$92,569
Median Household Income
$71,947
Median Earnings
$1,245
Median Rent
$672,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - 1927 property with central air, a finished lower level, and off-street parking.
Where is this multifamily property located?
The property is located at 4037 22ND STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $891,900.
What are key features of this property?
This property features: Multifamily property at 4037 22ND STREET NE, WASHINGTON, DC 20018; Built in 1927 with RESIDENTIAL zoning; Finished lower level with exterior entry, daylight, and walk‑out access
