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    Four-Unit Building Near Deanwood Metro Title is generated by Realmo AI

    4706-4710 QUARLES Street NE, Washington, DC 20019

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    For Sale
    $550,000

    MULTI_FAMILY - WASHINGTON, DC

    Property size:
    2,376 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $231/SF
    Added:
    Feb 28, 2026
    Days on Market:
    92
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for 4706-4710 QUARLES Street NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    2,376 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2828

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1951
    Number of units
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Cecil C Smith

    Listing agent Cecil C Smith License #SP98374081

    Listing office Bennett Realty Solutions 6301 Ivy Lane unit: 805, GREENBELT, DC

    Listing date Feb 28, 2026

    MLS# DCDC2243048 Listing URL

    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.

    HighLights

    • Excellent investment opportunity with potential for owner‑occupancy and rental income.
    • Located in a rapidly appreciating area near the Washington Commanders Stadium, Anacostia Park, and Capitol Hill.
    • Convenient access to major highways (I‑295, BW Parkway, I‑95) and public transportation.
    • Four well‑maintained, spacious 1‑bedroom units with updated kitchens and generous living spaces.
    • Two units feature new appliances, fresh paint, and updated flooring.
    • Relatively new roof (approximately 10 years old).

    Overview

    This four-unit building presents an opportunity for investors to expand their rental portfolio or for owner-occupiers to live in one unit while renting out the others. The property features four spacious, well-maintained 1-bedroom apartments, each with updated kitchens, sun-filled rooms, and generous living spaces. Select units include new appliances, fresh paint, and updated flooring. The roof is approximately 10 years old. Situated on a quiet block, the property offers convenient access to I-295, the BW Parkway, and I-95 (north and south). Public transportation is readily accessible, with the Deanwood Metro Station (Orange Line) within walking distance and proximity to the Benning Road Metro Station, providing quick access to Downtown Washington, DC, and the Commanders Stadium. The surrounding area is experiencing rapid appreciation, influenced by the Washington Commanders Stadium, the renovated Anacostia Park, Kenilworth Aquatic Gardens, and the Anacostia Riverwalk Trail. Its location near Capitol Hill further contributes to the area's increasing value. The property size is 2376 square feet, situated on a lot of 0.0682 acres.

    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 $69.9k $29.40
    − Vacancy −$4.3k −$1.82
    EGI $65.5k $27.58
    − OpEx −$19.7k −$8.27
    NOI $45.9k $19.30
    2,376 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $655.2K
    $573.3K – $764.4K (±1% cap)
    NOI $45,866 @ 7.0% cap · market cap 8.34%
    Second Best
    Apartment 5plus
    $585.4K
    $512.2K – $683.0K (±1% cap)
    NOI $40,979 @ 7.0% cap · market cap 7.45%
    Theoretical Best
    Office A
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,377 @ 7.0% cap · market cap 16.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.93345
    Latitude
    38.91026

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    FAQs

    What type of property is this?
    Quadplex - Four well-maintained apartments near transportation and local attractions.
    Where is this quadplex located?
    The property is located at 4706-4710 QUARLES Street NE 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: Excellent investment opportunity with potential for owner‑occupancy and rental income.; Located in a rapidly appreciating area near the Washington Commanders Stadium, Anacostia Park, and Capitol Hill.; Convenient access to major highways (I‑295, BW Parkway, I‑95) and public transportation.
    (202) 658-0213
    We can help!
    Listing Contact
    Cecil C Smith
    Real Estate License ID: SP98374081
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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