Turnkey 5-Unit Multifamily
4230 6th Street Southeast Washington, DC 20032
4230 6th Street Southeast, Washington, DC, 20032
$849,900
For Sale
$849,900
Turnkey 5-unit multifamily with five 2BR/1BA homes, fully renovated in 2025, featuring modern in-unit amenities.
Property Size3,236 SF
Price / SF$262.64
Days on Market95
Property Features for 4230 6th Street Southeast
General Information
- Standard status
- Active
- Size
- 3,236 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1953
Listing agency
RE/MAX Executives LLC
(202) 710-3342
Listed by
Mukaram Ghani · License #ABR98378454
(202) 710-3342
Source
Compass
Added: Apr 19 Updated: Jul 21 at 7:38AM Checked: Jul 21 at 7:38AM
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 RE/MAX Executives LLC
Investment Insights
Based on property information with market context.
This turnkey 5-unit multifamily property was comprehensively renovated in 2025 and includes five 2-bedroom, 1-bath units. Four units are located inside the main building, and one unit has a separate exterior entrance. Each unit is described as updated with stainless steel appliances, in-unit washer/dryer, LVP flooring, and central heating and cooling.
The property is located in the District of Columbia in city limits. It is positioned for convenience to the Metro Green Line, I-295/I-495, the Entertainment & Sports Arena, and the St. Elizabeths redevelopment.
The building also includes a large backyard, which is noted as having potential to be converted into resident parking; buyers are advised to verify feasibility. The seller states no major capital improvements are required.
The property is located in the District of Columbia in city limits. It is positioned for convenience to the Metro Green Line, I-295/I-495, the Entertainment & Sports Arena, and the St. Elizabeths redevelopment.
The building also includes a large backyard, which is noted as having potential to be converted into resident parking; buyers are advised to verify feasibility. The seller states no major capital improvements are required.
Key Highlights
- 5‑unit multifamily built in 1953, with five 2BR/1BA units (approx. 625 SF each).
- Comprehensively renovated in 2025 with modern finishes throughout.
- Each unit includes updated stainless steel appliances and in‑unit washer/dryer.
Local Financial Insights For Apartment 5plus
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 | $102.9k | $31.80 |
| − Vacancy | −$5.1k | −$1.59 |
| EGI | $97.8k | $30.21 |
| − OpEx | −$44.0k | −$13.59 |
| NOI | $53.8k | $16.62 |
3,236 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$768.1K
$672.1K – $896.1K
NOI $53,768 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,515 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1031 exchange properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turnkey 5-unit multifamily with five 2BR/1BA homes, fully renovated in 2025, featuring modern in-unit amenities.
Where is this apartment building located?
The property is located at 4230 6th Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5‑unit multifamily built in 1953, with five 2BR/1BA units (approx. 625 SF each).; Comprehensively renovated in 2025 with modern finishes throughout.; Each unit includes updated stainless steel appliances and in‑unit washer/dryer.
