Triplex with Shared Outdoor
For Sale
$435,000
508 BRANDYWINE Street SE, Washington, DC 20032
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size1,995 SF
Lot Size0.06 Acres
Price / SF$218.05
Days on Market199
Property Features for 508 BRANDYWINE Street SE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
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
Size
1,995 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1777
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1951
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
BML Properties Realty, LLC.
(240) 764-5092
Listed By:
Tonnetta Elisma
(202) 991-7260
Added: Feb 12
Changed: Jul 17
Last Checked: Aug 30 at 3:06PM
MLS# DCDC2227216
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 well-maintained triplex at 508 BRANDYWINE Street SE in Washington, DC 20032 features three spacious one-bedroom units. Two of the three units are currently vacant, offering immediate flexibility to lease, reposition, or renovate as desired. The property also includes shared outdoor space for residents.
The asset sits on a larger lot compared with many similar properties, giving added room to support ongoing use and improvements over time.
With a straightforward three-unit layout and a portion of units ready to be brought to market, this is a practical income property for an investor or an owner-occupant seeking a manageable multi-family configuration.
The asset sits on a larger lot compared with many similar properties, giving added room to support ongoing use and improvements over time.
With a straightforward three-unit layout and a portion of units ready to be brought to market, this is a practical income property for an investor or an owner-occupant seeking a manageable multi-family configuration.
Key Highlights
- Well‑maintained triplex built in 1951 with brick construction
- Three one‑bedroom units with forced‑air heating and window unit cooling
- Two of the three units are currently vacant, offering immediate leasing flexibility
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
8.22%
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 8.22%
Second Best
Apartment 5plus
$473.5K
$414.4K – $552.5K
NOI $33,148 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.03M
$897.9K – $1.20M
NOI $71,831 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a larger lot with three one-bedroom units, two vacant and available for leasing or renovation.
Where is this triplex located?
The property is located at 508 BRANDYWINE Street SE Washington, DC.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1951 with brick construction; Three one‑bedroom units with forced‑air heating and window unit cooling; Two of the three units are currently vacant, offering immediate leasing flexibility
