Side-by-Side Two-Unit Residential
For Sale
$399,900
4737 S CAPITOL Terrace SW, Washington, DC 20032
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size1,940 SF
Lot Size0.10 Acres
Price / SF$206.13
Days on Market59
Property Features for 4737 S CAPITOL Terrace SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway, On Street
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
1,940 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3922
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Stonegate Realty Group, LLC
(202) 387-3026
Listed By:
Lisa S Wright
(202) 509-1160
Added: Jul 2
Changed: Jul 13
Last Checked: Aug 29 at 3:06AM
MLS# DCDC2271438
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 offering is a well-maintained two-unit residential property in a duplex configuration, with updated, neutral interior finishes and a functional layout designed for comfortable, marketable living spaces. The apartments feature bright, spacious living areas with abundant natural light, luxury vinyl plank flooring, generously sized bedrooms, updated bathrooms, and large eat-in kitchens with ample cabinet and countertop space. A separate utility and mechanical room provides additional storage, and separate gas and electric meters support simpler tenant utility responsibility. The flexible two-unit setup can support different ownership approaches, including owner occupancy with rental income or full investment ownership.
The property is located at 4737 S Capitol Terrace SW in Washington, DC 20032. The listing notes an adjacent side-by-side two-unit building at 4741 South Capitol Terrace SW is also available for purchase, allowing an owner to acquire one or both buildings for a potential four-unit portfolio strategy.
For investors and owner-occupants, the current in-place rental income and the separately metered utilities are practical considerations when evaluating an ownership transition. The interior updates and apartment features, including eat-in kitchens and updated bathrooms, may also be relevant for tenants seeking move-in readiness while keeping day-to-day management streamlined through the separate metering configuration.
The property is located at 4737 S Capitol Terrace SW in Washington, DC 20032. The listing notes an adjacent side-by-side two-unit building at 4741 South Capitol Terrace SW is also available for purchase, allowing an owner to acquire one or both buildings for a potential four-unit portfolio strategy.
For investors and owner-occupants, the current in-place rental income and the separately metered utilities are practical considerations when evaluating an ownership transition. The interior updates and apartment features, including eat-in kitchens and updated bathrooms, may also be relevant for tenants seeking move-in readiness while keeping day-to-day management streamlined through the separate metering configuration.
Key Highlights
- Two‑unit property generating $3,400/month in rental income
- Side‑by‑side two‑unit option: purchase one or both buildings to create a four‑unit portfolio (adjacent 4741 South Capitol Terrace SW)
- Separate gas and electric meters for simplified tenant utility responsibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,180
$695.2K
Cap Rate 7%
$496,557
$496.6K
Cap Rate 9%
$386,211
$386.2K
Market Conditions
NOI Build-Up for 1,940 SF
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.
Gross rent
$52.4K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.7K $25.60/SF
− OpEx
−$14.9K −$7.68/SF
NOI
$34.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$695,180
Cap Rate 7%
$496,557
Cap Rate 9%
$386,211
Alternative Uses
Best Use
Multifamily LT 5
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,234 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$997.9K
$873.1K – $1.16M
NOI $69,851 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with separate utilities and updated interiors, currently generating rental income.
Where is this duplex located?
The property is located at 4737 S CAPITOL Terrace SW Washington, DC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit property generating $3,400/month in rental income; Side‑by‑side two‑unit option: purchase one or both buildings to create a four‑unit portfolio (adjacent 4741 South Capitol Terrace SW); Separate gas and electric meters for simplified tenant utility responsibility
