Renovated 4-Unit
New
For Sale
$635,000
4326 Halley Ter SE, Washington, DC 20032
Four two-bedroom residences include a mix of market-rate and income-restricted housing subject to affordability requirements.
Property Size2,540 SF
Price / SF$250
Days on Market5
Property Features for 4326 Halley Ter SE
General Information
Standard status
Active
Size
2,540 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southwest
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1943
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Laila Rahman
(301) 785-5743
Source:
Baltimoreharfordhomesforsale
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 3:44PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2,540-square-foot quadplex, built in 1943, contains four residences, each with two bedrooms and one bathroom. The property has been renovated and includes modern finishes. Two units are designated for market-rate rental, while the other two are subject to affordability covenants: one at 50% of Area Median Income and one at 80% of Area Median Income. Applicable compliance requirements apply to the restricted units.
Patterson Elementary School and Congress Heights Metro are nearby, with routes to Downtown Washington also noted. The four-unit layout combines two market-rate residences and two income-restricted homes within one property.
Patterson Elementary School and Congress Heights Metro are nearby, with routes to Downtown Washington also noted. The four-unit layout combines two market-rate residences and two income-restricted homes within one property.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- 2,540 square feet; built in 1943
- Renovated with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,510
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,200
$910.2K
Cap Rate 7%
$650,143
$650.1K
Cap Rate 9%
$505,667
$505.7K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$68.6K $27.00/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$65.0K $25.60/SF
− OpEx
−$19.5K −$7.68/SF
NOI
$45.5K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,200
Cap Rate 7%
$650,143
Cap Rate 9%
$505,667
Alternative Uses
Best Use
Multifamily LT 5
$650.1K
$568.9K – $758.5K
NOI $45,510 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$602.9K
$527.5K – $703.4K
NOI $42,203 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,455 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
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Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences include a mix of market-rate and income-restricted housing subject to affordability requirements.
Where is this quadplex located?
The property is located at 4326 Halley Ter SE Washington, DC.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; 2,540 square feet; built in 1943; Renovated with modern finishes
