Three-Unit Multifamily
For Sale
$437,500
Pending
507 Brandywine St Se, Washington, DC 20032
Three units with fenced rear yard and private carport, offering flexible options for owner-occupants or investors.
Property Size1,995 SF
Days on Market109
Property Features for 507 Brandywine St Se
General Information
Standard status
Pending
Size
1,995 SF
Property subtype
Residential Income
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,401
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Capital Properties
(202) 243-7700
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Exprealty
Added: May 28
Changed: Sep 10
Last Checked: Sep 12 at 2:46PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This three-unit multifamily property provides consistent 1BR/1BA layouts across all units. The exterior includes a fenced rear yard and a private rear carport, and an installed surveillance system is included for added security. Interior finishes are functional, with some cosmetic updates already in place that may help improve tenant-ready presentation. Two units are currently vacant, while one unit is owner-occupied.
The property is located in a rapidly developing Ward 8 corridor, with convenient access to Metro and major commuter routes. It is also positioned near neighborhood amenities, supporting a range of everyday tenant needs.
With two vacant units and a largely uniform floor plan across the building, this triplex can work well for an owner-occupant looking to live in one unit while leasing the others. It may also fit investors seeking a straightforward residential income setup with the option to operate under traditional leasing or program-friendly structures. The seller notes that all information reflects current conditions and no future performance is represented or guaranteed.
The property is located in a rapidly developing Ward 8 corridor, with convenient access to Metro and major commuter routes. It is also positioned near neighborhood amenities, supporting a range of everyday tenant needs.
With two vacant units and a largely uniform floor plan across the building, this triplex can work well for an owner-occupant looking to live in one unit while leasing the others. It may also fit investors seeking a straightforward residential income setup with the option to operate under traditional leasing or program-friendly structures. The seller notes that all information reflects current conditions and no future performance is represented or guaranteed.
Key Highlights
- 3‑unit multifamily property (built 1951) with consistent 1BR/1BA layouts
- Fenced rear yard plus private rear carport
- Surveillance system installed
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
$35,745
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
8.17%
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%
$714,900
$714.9K
Cap Rate 7%
$510,643
$510.6K
Cap Rate 9%
$397,167
$397.2K
Market Conditions
NOI Build-Up for 1,995 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
$53.9K $27.00/SF
− Vacancy
−$2.8K −$1.40/SF
EGI
$51.1K $25.60/SF
− OpEx
−$15.3K −$7.68/SF
NOI
$35.7K $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%
$714,900
Cap Rate 7%
$510,643
Cap Rate 9%
$397,167
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.8K
NOI $35,745 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.03M
$897.9K – $1.20M
NOI $71,831 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
750
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three units with fenced rear yard and private carport, offering flexible options for owner-occupants or investors.
Where is this triplex located?
The property is located at 507 Brandywine St Se Washington, DC.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: 3‑unit multifamily property (built 1951) with consistent 1BR/1BA layouts; Fenced rear yard plus private rear carport; Surveillance system installed
