Renovated Four-Unit Multifamily
For Sale
$700,000
52 Forrester Street Southwest, Washington, DC 20032
Fully renovated four-unit building in Southwest DC with all-new systems and two 2-bedroom units plus two 1-bedroom units.
Property Size2,592 SF
Price / SF$270.06
Days on Market171
Property Features for 52 Forrester Street Southwest
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI FAMILY
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,168
Amenities
No
Dishwasher, Built-In Microwave, Oven/Range - Gas
No Pool
Building Details
Year Built
1943
Listing Agency:
Bennett Realty Solutions
(301) 873-8537
Listed By:
David Wayne Ritter Sr. · License #sp40002713
(301) 873-8537
Source:
Compass
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 23 at 8:26AM
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 Bennett Realty Solutions
Investment Insights
Based on property information with market context.
Recently fully renovated four-unit multifamily building in Southwest DC. The property was gutted to the studs and rebuilt with all new systems, including HVAC, electrical, plumbing, water heaters, flooring, kitchens, appliances, and bathrooms. Each unit is equipped with modern kitchens featuring quartz countertops and updated bathrooms, supporting a turnkey rental setup.
The building is located in Washington, DC, within city limits, with convenient access to major commuter routes and nearby destinations including National Harbor, Capitol Hill, Navy Yard, and Joint Base Anacostia–Bolling.
The property includes two 2-bedroom units and two 1-bedroom units, creating flexible rental composition while maintaining a consistent four-unit multifamily format.
The building is located in Washington, DC, within city limits, with convenient access to major commuter routes and nearby destinations including National Harbor, Capitol Hill, Navy Yard, and Joint Base Anacostia–Bolling.
The property includes two 2-bedroom units and two 1-bedroom units, creating flexible rental composition while maintaining a consistent four-unit multifamily format.
Key Highlights
- Recently fully renovated 4‑unit multifamily building in Southwest DC, gutted to the studs and rebuilt
- All new systems: HVAC, electrical, plumbing, and water heaters
- Updated interiors with modern kitchens featuring quartz countertops and new appliances
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
$46,441
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
6.63%
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%
$928,820
$928.8K
Cap Rate 7%
$663,443
$663.4K
Cap Rate 9%
$516,011
$516.0K
Market Conditions
NOI Build-Up for 2,592 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
$70.0K $27.00/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$66.3K $25.60/SF
− OpEx
−$19.9K −$7.68/SF
NOI
$46.4K $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%
$928,820
Cap Rate 7%
$663,443
Cap Rate 9%
$516,011
Alternative Uses
Best Use
Multifamily LT 5
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$615.2K
$538.3K – $717.8K
NOI $43,067 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,327 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
723
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?
Quadplex - Fully renovated four-unit building in Southwest DC with all-new systems and two 2-bedroom units plus two 1-bedroom units.
Where is this quadplex located?
The property is located at 52 Forrester Street Southwest Washington, DC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Recently fully renovated 4‑unit multifamily building in Southwest DC, gutted to the studs and rebuilt; All new systems: HVAC, electrical, plumbing, and water heaters; Updated interiors with modern kitchens featuring quartz countertops and new appliances
