Six-Unit Apartment
For Sale
$775,000
4208 Foote Street Northeast, Washington, DC 20019
Six one-bedroom residences include basement units, R-2 zoning, and proximity to Minnesota Avenue Metro Station.
Property Size3,780 SF
Price / SF$205.03
Days on Market189
Property Features for 4208 Foote Street Northeast
General Information
Standard status
Active
Size
3,780 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
R-2
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,807
Amenities
Other
No Pool
Building Details
Year Built
1943
Listing Agency:
Samson Properties
(703) 772-6365
Listed By:
ivory nana frimpong
(703) 772-6365
Source:
Compass
Added: Feb 22
Changed: Aug 29
Last Checked: Aug 29 at 2:37PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 3,780-square-foot apartment property, built in 1943, contains four primary apartments plus two additional one-bedroom basement units. The six residences are configured as one-bedroom units, with conditions varying across the building; one unit has recently been renovated. The owner currently covers water and sewer, heating gas, and common-area electric, while residents pay their own cooking gas, in-unit electricity, and communications services. The property is zoned R-2.
Located at 4208 Foote Street Northeast in Washington, DC, the building is approximately a two-minute walk from Minnesota Avenue Metro Station and about a 15-minute walk from Deanwood Metro Station. Nearby planned projects include a mixed-use redevelopment at Deanwood Metro Station with 169 residential units, retail, services, and community amenities. The property is also approximately 1.8 miles from the future RFK Stadium redevelopment site and near the planned Deanwood Library.
Located at 4208 Foote Street Northeast in Washington, DC, the building is approximately a two-minute walk from Minnesota Avenue Metro Station and about a 15-minute walk from Deanwood Metro Station. Nearby planned projects include a mixed-use redevelopment at Deanwood Metro Station with 169 residential units, retail, services, and community amenities. The property is also approximately 1.8 miles from the future RFK Stadium redevelopment site and near the planned Deanwood Library.
Key Highlights
- Six total one‑bedroom units, including 4 primary apartments and 2 basement units
- 3,780 square feet on a 0.09‑acre lot
- Built in 1943; one unit has been recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,303,880
$1.3M
Cap Rate 7%
$931,343
$931.3K
Cap Rate 9%
$724,378
$724.4K
Market Conditions
NOI Build-Up for 3,780 SF
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.
Gross rent
$126.1K $33.36/SF
− Vacancy
−$7.6K −$2.00/SF
EGI
$118.5K $31.36/SF
− OpEx
−$53.3K −$14.11/SF
NOI
$65.2K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,303,880
Cap Rate 7%
$931,343
Cap Rate 9%
$724,378
Alternative Uses
Best Use
Apartment 5plus
$931.3K
$814.9K – $1.09M
NOI $65,194 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,191 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom residences include basement units, R-2 zoning, and proximity to Minnesota Avenue Metro Station.
Where is this apartment building located?
The property is located at 4208 Foote Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Six total one‑bedroom units, including 4 primary apartments and 2 basement units; 3,780 square feet on a 0.09‑acre lot; Built in 1943; one unit has been recently renovated
