Turnkey Quadplex Income
46 FORRESTER Street SW Washington, DC 20032
For Sale
$550,000
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size2,556 SF
Lot Size0.08 Acres
Price / SF$215.18
Days on Market120
Property Features for 46 FORRESTER Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Kitchen - Efficiency
Standard status
Active
Size
2,556 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5033
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1943
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
RE/MAX Allegiance
(202) 547-5600
Listed By:
Nathaniel Tate · License #SP96896
(202) 262-8819
Added: Apr 2
Changed: Jun 13
Last Checked: Jul 30 at 3:06AM
MLS# DCDC2253818
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey quadplex provides income-producing residential space configured across multiple units, with a total of four bedrooms and two baths. The property includes three vacant units and one occupied unit, with one unit currently generating $1,451 per month. Overall, the listing describes total rental potential approaching $6,000 per month, offering buyers a straightforward structure for either full investment use or partial owner-occupancy.
Located in Washington, DC 20032, the property is positioned near major commuter routes and public transportation. The remarks state easy access to the Washington Metro and convenient commuting into areas including downtown DC, Navy Yard, and Capitol Hill. The listing also notes proximity to dining, shopping, and entertainment options, including The Wharf and neighborhood amenities throughout Southwest DC.
For tenants, buyers, or owner-occupants, the mix of available units can support flexible occupancy planning, whether seeking to live in one unit while renting the others or maximizing near-term tenancy across the building. FHA and VA buyers are noted as welcome, broadening the potential buyer pool for this ready-to-operate residential income asset.
Located in Washington, DC 20032, the property is positioned near major commuter routes and public transportation. The remarks state easy access to the Washington Metro and convenient commuting into areas including downtown DC, Navy Yard, and Capitol Hill. The listing also notes proximity to dining, shopping, and entertainment options, including The Wharf and neighborhood amenities throughout Southwest DC.
For tenants, buyers, or owner-occupants, the mix of available units can support flexible occupancy planning, whether seeking to live in one unit while renting the others or maximizing near-term tenancy across the building. FHA and VA buyers are noted as welcome, broadening the potential buyer pool for this ready-to-operate residential income asset.
Key Highlights
- 4 bedrooms and 2 bathrooms configured across multiple units
- Unit occupancy: 3 vacant units and 1 occupied; one unit currently rents for $1,451/month
- Total rental potential approaching $6,000/month
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 | $69.0k | $27.00 |
| − Vacancy | −$3.6k | −$1.40 |
| EGI | $65.4k | $25.60 |
| − OpEx | −$19.6k | −$7.68 |
| NOI | $45.8k | $17.92 |
2,556 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$654.2K
$572.5K – $763.3K
NOI $45,796 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,469 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,031 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four bedrooms across multiple units, including three vacant units for immediate rental flexibility.
Where is this quadplex located?
The property is located at 46 FORRESTER Street SW Washington, DC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4 bedrooms and 2 bathrooms configured across multiple units; Unit occupancy: 3 vacant units and 1 occupied; one unit currently rents for $1,451/month; Total rental potential approaching $6,000/month
