Quadplex with Off-Street
4512 MacArthur Boulevard Northwest Washington, DC 20007
4512 MacArthur Boulevard Northwest, Washington, DC, 20007
$1,425,000
For Sale
$1,425,000
Four-unit quadplex on a large RA-1 lot with separately metered utilities and off-street parking.
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$462.66
Days on Market41
Property Features for 4512 MacArthur Boulevard Northwest
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1937
Listing agency
Greysteel Company LLC
(202) 280-2722
Listed by
Ari Firoozabadi · License #SP200205538
(202) 280-2722
Source
Compass
Added: Jun 12 Updated: Jul 21 at 4:49PM Checked: Jul 21 at 4:49PM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
Fully vacant 4-unit apartment building configured as two 2-bedroom/1-bath units and two 1-bedroom + den/1-bath units, totaling approximately 3,848 square feet of gross living area across two stories plus a semi-finished basement. The property is delivered 100% vacant, and the listing states it is exempt from TOPA and rent control, creating flexibility for an owner-occupant or an investor seeking rents on all four units from day one. The building has had meaningful upgrades including a new roof in 2022, upgraded windows, granite and quartz countertops, dishwashers and modernized appliances, and a recently installed off-street parking pad. Each unit is separately metered for gas and electricity, with its own newly installed Weil-McLain boiler.
The property sits on a very large 6,066 square foot lot zoned RA-1. The listing notes the site is the only building on this block of MacArthur Boulevard with a curb cut and off-street parking, and highlights opportunity to expand the building, add units, or pursue a condominium conversion subject to approvals. It is located in the District of Columbia Public Schools system and within the Key Elementary School district.
The property sits on a very large 6,066 square foot lot zoned RA-1. The listing notes the site is the only building on this block of MacArthur Boulevard with a curb cut and off-street parking, and highlights opportunity to expand the building, add units, or pursue a condominium conversion subject to approvals. It is located in the District of Columbia Public Schools system and within the Key Elementary School district.
Key Highlights
- Fully vacant 4‑unit apartment building with ~3,848 SF gross living area across two stories plus a semi‑finished basement
- Unit mix: two 2BDR/1BA units and two 1BDR+den/1BA units
- RA‑1 zoned on a 6,066 SF lot, offering potential to expand building size, add units, or pursue a condominium conversion (subject to approvals)
Local Financial Insights For Multifamily LT 5
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 | $83.2k | $27.00 |
| − Vacancy | −$4.3k | −$1.40 |
| EGI | $78.8k | $25.60 |
| − OpEx | −$23.7k | −$7.68 |
| NOI | $55.2k | $17.92 |
3,080 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$788.4K
$689.8K – $919.8K
NOI $55,185 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$731.1K
$639.7K – $852.9K
NOI $51,176 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,898 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four-unit quadplex on a large RA-1 lot with separately metered utilities and off-street parking.
Where is this quadplex located?
The property is located at 4512 MacArthur Boulevard Northwest 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: Fully vacant 4‑unit apartment building with ~3,848 SF gross living area across two stories plus a semi‑finished basement; Unit mix: two 2BDR/1BA units and two 1BDR+den/1BA units; RA‑1 zoned on a 6,066 SF lot, offering potential to expand building size, add units, or pursue a condominium conversion (subject to approvals)
