Corner Quadplex with
For Sale
$1,950,000
520 Constitution Avenue Northeast, Washington, DC 20002
Four spacious units with decks and distinctive original interior details, offered for sale in a walkable Capitol Hill area.
Property Size4,014 SF
Price / SF$485.80
Days on Market303
Property Features for 520 Constitution Avenue Northeast
General Information
Standard status
Active
Size
4,014 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R4
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,305
Amenities
Yes
Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer, Water Heater
1
No Pool
Secure Storage
Porch(es), Deck(s), Terrace
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Compass
(202) 369-7902
Listed By:
Dee Dee Branand · License #SP98363182
(202) 369-7902
Source:
Compass
Added: Oct 26, 2025
Changed: Aug 23
Last Checked: Aug 23 at 8:17AM
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 Compass
Investment Insights
Based on property information with market context.
This corner quadplex offers four large, gracious residences, configured as two one-bedroom units and two two-bedroom units. The building includes exterior decks and retains many original architectural details, including wood trim and tin ceilings, providing character throughout the living spaces.
The property is located at 520 Constitution Avenue NE in Washington, DC, described as a corner home about six blocks to the Senate. The setup supports a straightforward residential rental mix across the one- and two-bedroom configurations.
For buyers or investors seeking an owner-occupied or income-producing multifamily asset, the unit mix provides flexibility for tenant preferences between one-bedroom and two-bedroom layouts. The combination of decks and preserved interior detailing may appeal to tenants looking for more distinctive finishes in a well-positioned, residential setting.
The property is located at 520 Constitution Avenue NE in Washington, DC, described as a corner home about six blocks to the Senate. The setup supports a straightforward residential rental mix across the one- and two-bedroom configurations.
For buyers or investors seeking an owner-occupied or income-producing multifamily asset, the unit mix provides flexibility for tenant preferences between one-bedroom and two-bedroom layouts. The combination of decks and preserved interior detailing may appeal to tenants looking for more distinctive finishes in a well-positioned, residential setting.
Key Highlights
- Year built 1890 corner home with four spacious units
- Unit mix: two 1‑bedroom units and two 2‑bedroom units
- Each unit includes decks
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
$76,472
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
3.92%
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%
$1,529,440
$1.5M
Cap Rate 7%
$1,092,457
$1.1M
Cap Rate 9%
$849,689
$849.7K
Market Conditions
NOI Build-Up for 4,014 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
$115.6K $28.80/SF
− Vacancy
−$6.4K −$1.58/SF
EGI
$109.2K $27.22/SF
− OpEx
−$32.8K −$8.16/SF
NOI
$76.5K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /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%
$1,529,440
Cap Rate 7%
$1,092,457
Cap Rate 9%
$849,689
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$955.9K – $1.27M
NOI $76,472 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$976.2K
$854.2K – $1.14M
NOI $68,337 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,070 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
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 - Four spacious units with decks and distinctive original interior details, offered for sale in a walkable Capitol Hill area.
Where is this quadplex located?
The property is located at 520 Constitution Avenue Northeast Washington, DC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Year built 1890 corner home with four spacious units; Unit mix: two 1‑bedroom units and two 2‑bedroom units; Each unit includes decks
