Renovated 4-Unit Multifamily
For Sale
Under Contract
$580,000
501 32ND Street SE, Washington, DC 20019
Multi-Family, WASHINGTON, DC
Property Size2,336 SF
Lot Size0.05 Acres
Price / SF$248.29
Days on Market38
Property Features for 501 32ND Street SE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
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 Under Contract
Size
2,336 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3939
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
4
Listing Agency:
Compass
(301) 304-8444
Listed By:
Austen Rowland · License #SP200205782
(240) 305-5651
Added: Sep 22
Changed: Oct 21
Last Checked: Oct 29 at 6:06PM
MLS# DCDC2275076
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.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,336 square feet on a 0.05-acre lot. Built in 1953, the building retains its exterior brick while its interior framing, joists, studs, and supports have been rebuilt. Improvements also include a replacement roof, updated plumbing and electrical systems, energy-efficient windows, central air, and forced-air heating.
Each apartment has hardwood flooring, updated cabinetry, contemporary fixtures, and distinct paint schemes. On-street parking serves the property, located at 501 32nd Street SE in Washington, DC 20019.
Each apartment has hardwood flooring, updated cabinetry, contemporary fixtures, and distinct paint schemes. On-street parking serves the property, located at 501 32nd Street SE in Washington, DC 20019.
Key Highlights
- Four‑unit multifamily property
- 2,336 square feet on a 0.05‑acre lot
- Built in 1953; exterior brick retained
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,094
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,880
$901.9K
Cap Rate 7%
$644,200
$644.2K
Cap Rate 9%
$501,044
$501.0K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$68.7K $29.40/SF
− Vacancy
−$4.3K −$1.82/SF
EGI
$64.4K $27.58/SF
− OpEx
−$19.3K −$8.27/SF
NOI
$45.1K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,880
Cap Rate 7%
$644,200
Cap Rate 9%
$501,044
Alternative Uses
Best Use
Multifamily LT 5
$644.2K
$563.7K – $751.6K
NOI $45,094 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$575.6K
$503.6K – $671.5K
NOI $40,289 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,872 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated apartments feature hardwood floors, modern cabinetry, central air, and forced-air heating.
Where is this quadplex located?
The property is located at 501 32ND Street SE Washington, DC.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 2,336 square feet on a 0.05‑acre lot; Built in 1953; exterior brick retained
