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 Market422
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
Listed By:
Dee Dee Branand · License #SP98363182
(202) 369-7902
Source:
Compass
Added: Aug 20, 2025
Changed: Oct 10
Last Checked: Oct 15 at 1:15AM
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
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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 / Yr
$76,472
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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
