4-Unit Quadplex with
For Sale
$559,000
463 Orange St SE, Washington, DC 20032
Each apartment is separately metered, and the property includes a full-size basement and backyard.
Property Size2,574 SF
Price / SF$217.17
Days on Market14
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Property Features for 463 Orange St SE
General Information
Standard status
Active
Size
2,574 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$47,520
Average Monthly Rent
$990
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1942
Buildings
1
Listing Agency:
RE/MAX Allegiance
Listed By:
Nathaniel Tate · License #SP96896
(202) 262-8819
Source:
Themelaninteam
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 4:38PM
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 Allegiance
Investment Insights
Based on property information with market context.
This 2,574-square-foot multifamily property, built in 1942, contains four occupied apartments, each with one bedroom and one bathroom. Individual layouts include a living room, dining area, bedroom, and full bath. A full-size basement with high ceilings and a backyard are also part of the property.
The building is in Washington, DC, with access to bus and Metro service, I-295, I-495, South Capitol Street, and Suitland Parkway. Each apartment has separate metering.
The building is in Washington, DC, with access to bus and Metro service, I-295, I-495, South Capitol Street, and Suitland Parkway. Each apartment has separate metering.
Key Highlights
- Four occupied 1‑bedroom, 1‑bath apartments
- 2,574 square feet; built in 1942
- Separate metering for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,119
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,380
$922.4K
Cap Rate 7%
$658,843
$658.8K
Cap Rate 9%
$512,433
$512.4K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$69.5K $27.00/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$65.9K $25.60/SF
− OpEx
−$19.8K −$7.68/SF
NOI
$46.1K $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%
$922,380
Cap Rate 7%
$658,843
Cap Rate 9%
$512,433
Alternative Uses
Best Use
Multifamily LT 5
$658.8K
$576.5K – $768.7K
NOI $46,119 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,679 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
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 - Each apartment is separately metered, and the property includes a full-size basement and backyard.
Where is this quadplex located?
The property is located at 463 Orange St SE Washington, DC.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Four occupied 1‑bedroom, 1‑bath apartments; 2,574 square feet; built in 1942; Separate metering for each apartment
