Renovated Four-Unit
For Sale
Contact for pricing
5615 1st Pl NW, Washington, DC 20011
Recently renovated four-unit building with three off-street parking spaces and month-to-month leases in Washington, DC.
Property Size3,400 SF
Price / SF$382.35
Days on Market215
Property Features for 5615 1st Pl NW
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
Horizontal Condo
Occupancy
100%
Net Operating Income
$82,900
Site & Location
Neighborhood
Manor Park
Building Details
Year Built
1935
Year Renovated
2021
Buildings
1
Stories
2
Units
4
Listing Agency:
CENTURY 21 NEW MILLENNIUM
Listed By:
Joseph Okon · License #BR98371289
(240) 305-4918
Source:
Crexi
Added: Mar 30
Changed: Sep 7
Last Checked: Oct 28 at 9:07AM
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 CENTURY 21 NEW MILLENNIUM
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Investment Insights
Based on property information with market context.
This well-maintained, recently renovated four-unit quadplex offers efficient layouts of approximately 850 square feet per unit. The building is configured as four separate apartments and includes three off-street parking spaces, providing added convenience for tenants. All units are currently on month-to-month leases.
The property is located at 5615 1st Pl NW in Washington, DC. Public remarks indicate that tenants do not have TOPA rights, and that tenant notification is in process. For details and documents, please call the listing agent.
The property is located at 5615 1st Pl NW in Washington, DC. Public remarks indicate that tenants do not have TOPA rights, and that tenant notification is in process. For details and documents, please call the listing agent.
Key Highlights
- Recently renovated 4‑unit building built in 1935 in Washington, DC.
- Each unit offers an efficient layout of approx. 850 SF.
- All units are on month‑to‑month leases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,918
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,360
$1.2M
Cap Rate 7%
$870,257
$870.3K
Cap Rate 9%
$676,867
$676.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$91.8K $27.00/SF
− Vacancy
−$4.8K −$1.40/SF
EGI
$87.0K $25.60/SF
− OpEx
−$26.1K −$7.68/SF
NOI
$60.9K $17.92/SF
Area
ZIP 20011
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 Rate 5%
$1,218,360
Cap Rate 7%
$870,257
Cap Rate 9%
$676,867
Alternative Uses
Best Use
Multifamily LT 5
$870.3K
$761.5K – $1.02M
NOI $60,918 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$773.1K
$676.4K – $901.9K
NOI $54,115 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,880 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
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Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Recently renovated four-unit building with three off-street parking spaces and month-to-month leases in Washington, DC.
Where is this quadplex located?
The property is located at 5615 1st Pl NW Washington, DC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Recently renovated 4‑unit building built in 1935 in Washington, DC.; Each unit offers an efficient layout of approx. 850 SF.; All units are on month‑to‑month leases.
