Renovated Four-Unit
For Sale
$545,000
Pending
5019 H Street Southeast, Washington, DC 20019
R-2 property with central HVAC, on-site laundry, front and rear yards, and three vacant units.
Property Size2,400 SF
Days on Market784
Property Features for 5019 H Street Southeast
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R-2
Occupancy
25%
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,276
Amenities
central HVAC
onsite laundry
No
Other
No Pool
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Jason Mitchell Group
(240) 277-8515
Listed By:
Randy Louis · License #SP98378061
(240) 277-8515
Source:
Compass
Added: Jul 8, 2024
Changed: Aug 30
Last Checked: Aug 30 at 8:58AM
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 Jason Mitchell Group
Investment Insights
Based on property information with market context.
This 2,400-square-foot quadplex, built in 1940, contains four units, including three currently vacant. The building has been renovated and includes central HVAC, updated electrical service, a new hot water heater, and on-site laundry. Front and rear yards provide outdoor space, while the basement adds a bathroom and two bonus rooms that can serve as office or bedroom areas.
The property is in Washington, DC, within city limits and approximately 1 mile from the Benning Road Metro station. R-2 zoning and the existing four-unit configuration define the property’s residential framework. The address is within the District of Columbia Public Schools system.
The property is in Washington, DC, within city limits and approximately 1 mile from the Benning Road Metro station. R-2 zoning and the existing four-unit configuration define the property’s residential framework. The address is within the District of Columbia Public Schools system.
Key Highlights
- Four‑unit quadplex with 3 vacant units
- 2,400 square feet; built in 1940
- Renovated building with central HVAC and updated electrical service
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
$46,330
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
8.50%
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%
$926,600
$926.6K
Cap Rate 7%
$661,857
$661.9K
Cap Rate 9%
$514,778
$514.8K
Market Conditions
NOI Build-Up for 2,400 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
$70.6K $29.40/SF
− Vacancy
−$4.4K −$1.82/SF
EGI
$66.2K $27.58/SF
− OpEx
−$19.9K −$8.27/SF
NOI
$46.3K $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 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%
$926,600
Cap Rate 7%
$661,857
Cap Rate 9%
$514,778
Alternative Uses
Best Use
Multifamily LT 5
$661.9K
$579.1K – $772.2K
NOI $46,330 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$591.3K
$517.4K – $689.9K
NOI $41,393 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,280 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
581
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - R-2 property with central HVAC, on-site laundry, front and rear yards, and three vacant units.
Where is this quadplex located?
The property is located at 5019 H Street Southeast Washington, DC.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3 vacant units; 2,400 square feet; built in 1940; Renovated building with central HVAC and updated electrical service
