Renovated 5-Unit Apartment
For Sale
$730,000
4649 Hillside Rd SE, Washington, DC 20019
Recently renovated 5-unit apartment building with stainless steel kitchen appliances and in-building laundry.
Property Size2,520 SF
Days on Market201
Property Features for 4649 Hillside Rd SE
General Information
Standard status
Active
Size
2,520 SF
Class
C
Property subtype
Multifamily
Site & Location
Neighborhood
Civic Betterment
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Building Size
2,520 SF
Year Built
1943
Tenancy
Multi
Listing Agency:
NAI Michael
Listed By:
Omar S. McKeithan · License #646149
(202) 246-7710
Source:
Naimichael
Added: Apr 11
Changed: Oct 26
Last Checked: Oct 28 at 5:59AM
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 NAI Michael
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Investment Insights
Based on property information with market context.
Recently renovated 5-unit apartment building at 4649 Hillside Rd SE. The property was recently delivered following renovations and features five finished apartments with stainless steel kitchen appliances. Laundry is available in the building.
Public remarks indicate the property is TOPA exempt and currently positioned as a cash-flowing multifamily opportunity in the Southeast market of Washington, DC.
Additional details beyond the unit and amenity descriptions are not provided in the listing materials.
Public remarks indicate the property is TOPA exempt and currently positioned as a cash-flowing multifamily opportunity in the Southeast market of Washington, DC.
Additional details beyond the unit and amenity descriptions are not provided in the listing materials.
Key Highlights
- Recently renovated 5‑unit apartment building at 4649 Hillside Rd SE
- TOPA exempt property
- Cash flowing, recently delivered building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,463
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,260
$869.3K
Cap Rate 7%
$620,900
$620.9K
Cap Rate 9%
$482,922
$482.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$84.1K $33.36/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$79.0K $31.36/SF
− OpEx
−$35.6K −$14.11/SF
NOI
$43.5K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,260
Cap Rate 7%
$620,900
Cap Rate 9%
$482,922
Alternative Uses
Best Use
Apartment 5plus
$620.9K
$543.3K – $724.4K
NOI $43,463 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,794 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated 5-unit apartment building with stainless steel kitchen appliances and in-building laundry.
Where is this apartment building located?
The property is located at 4649 Hillside Rd SE Washington, DC.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Recently renovated 5‑unit apartment building at 4649 Hillside Rd SE; TOPA exempt property; Cash flowing, recently delivered building
