Fully Occupied Quadplex with Finished
For Sale
$1,425,000
4474 MACARTHUR BOULEVARD NW, Washington, DC 20007
The property includes a finished basement, four residential units, and RA-1 zoning.
Property Size4,488 SF
Price / SF$317.51
Days on Market21
Property Features for 4474 MACARTHUR BOULEVARD NW
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Quadruplex
Zoning
RA-1
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1937
Buildings
1
Stories
2
Listing Agency:
Keller Williams Capital Properties
(703) 297-2730
Listed By:
Stefan Rosu · License #666850
(703) 297-2730
Source:
Cummingsrealtors
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 28 at 12:41PM
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
Investment Insights
Based on property information with market context.
Built in 1937, this fully occupied quadplex at 4474 MacArthur Blvd NW contains approximately 4,488 gross square feet across two stories and a finished basement. The four apartments are each configured with two bedrooms and one bathroom, with estimated gross areas of 860 square feet per unit. Residents pay their own electric and gas service; ownership covers hot water, water and sewer with pass-through billing, and trash.
The property is located in Washington, DC 20007, less than a mile from Georgetown University. RA-1 zoning is identified as allowing future development and possible conversion of the finished basement into legal units. The surrounding residential setting has a Walk Score of 60, Transit Score of 54, and Bike Score of 39. The address is in-bound for Key Elementary, Hardy Middle School, and MacArthur High School.
The property is located in Washington, DC 20007, less than a mile from Georgetown University. RA-1 zoning is identified as allowing future development and possible conversion of the finished basement into legal units. The surrounding residential setting has a Walk Score of 60, Transit Score of 54, and Bike Score of 39. The address is in-bound for Key Elementary, Hardy Middle School, and MacArthur High School.
Key Highlights
- Four‑unit residential building with all units occupied
- Approximately 4,488 gross square feet across two stories and a basement
- Four 2‑bedroom, 1‑bath units, each estimated at 860 gross square feet
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
$80,412
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
5.64%
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%
$1,608,240
$1.6M
Cap Rate 7%
$1,148,743
$1.1M
Cap Rate 9%
$893,467
$893.5K
Market Conditions
NOI Build-Up for 4,488 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
$121.2K $27.00/SF
− Vacancy
−$6.3K −$1.40/SF
EGI
$114.9K $25.60/SF
− OpEx
−$34.5K −$7.68/SF
NOI
$80.4K $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 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%
$1,608,240
Cap Rate 7%
$1,148,743
Cap Rate 9%
$893,467
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,412 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$1.07M
$932.1K – $1.24M
NOI $74,570 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,594 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
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?
Quadplex - The property includes a finished basement, four residential units, and RA-1 zoning.
Where is this quadplex located?
The property is located at 4474 MACARTHUR BOULEVARD NW Washington, DC.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Four‑unit residential building with all units occupied; Approximately 4,488 gross square feet across two stories and a basement; Four 2‑bedroom, 1‑bath units, each estimated at 860 gross square feet
