Renovated Four-Unit
For Sale
$605,000
5133 ASTOR PLACE SE, Washington, DC 20019
Multifamily property with three leased units and one Airbnb operation.
Property Size2,516 SF
Price / SF$240.46
Days on Market9
Property Features for 5133 ASTOR PLACE SE
General Information
Standard status
Active
Size
2,516 SF
Property subtype
Quadruplex
Occupancy
75%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,448
Building Details
Building Size
2,516 SF
Year Built
1953
Listing Agency:
Probate Realty Solutions
(202) 749-5388
Listed By:
Brandi Turner
(202) 749-5388
Source:
Kerishull
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 3:34PM
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 Probate Realty Solutions
Investment Insights
Based on property information with market context.
This 2,516-square-foot quadplex, built in 1953, contains four one-bedroom, one-bath residences. The property has undergone a full renovation and is professionally maintained. Three units are leased, while the fourth operates as an Airbnb. Current occupancy is 75%, with zero delinquency reported.
Located at 5133 Astor Place SE in Washington, DC, the property is near Capitol Hill and public transportation. The setting is described as a quiet street with walkable access to surrounding amenities, supporting convenient day-to-day access for residents.
Located at 5133 Astor Place SE in Washington, DC, the property is near Capitol Hill and public transportation. The setting is described as a quiet street with walkable access to surrounding amenities, supporting convenient day-to-day access for residents.
Key Highlights
- Four 1‑bedroom/1‑bath units in a 2,516‑square‑foot quadplex
- Fully renovated property built in 1953
- Three units leased and one unit operating as an Airbnb
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
$48,569
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
8.03%
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%
$971,380
$971.4K
Cap Rate 7%
$693,843
$693.8K
Cap Rate 9%
$539,656
$539.7K
Market Conditions
NOI Build-Up for 2,516 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
$74.0K $29.40/SF
− Vacancy
−$4.6K −$1.82/SF
EGI
$69.4K $27.58/SF
− OpEx
−$20.8K −$8.27/SF
NOI
$48.6K $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%
$971,380
Cap Rate 7%
$693,843
Cap Rate 9%
$539,656
Alternative Uses
Best Use
Multifamily LT 5
$693.8K
$607.1K – $809.5K
NOI $48,569 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$619.9K
$542.4K – $723.2K
NOI $43,394 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,643 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
602
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with three leased units and one Airbnb operation.
Where is this quadplex located?
The property is located at 5133 ASTOR PLACE SE Washington, DC.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Four 1‑bedroom/1‑bath units in a 2,516‑square‑foot quadplex; Fully renovated property built in 1953; Three units leased and one unit operating as an Airbnb
