Renovated Four-Unit
5615 1st Pl NW Washington, DC 20011
For Sale
Contact for pricing
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$426.47
Days on Market123
Property Features for 5615 1st Pl NW
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multifamily
Building Details
Year Built
1935
Listing Agency:
CENTURY 21 NEW MILLENNIUM
(240) 305-4918
Listed By:
Joseph Okon · License #BR98371289
Source:
Crexi
Added: Mar 30
Changed: Jul 22
Last Checked: Jul 29 at 11:48AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $27.00 |
| − Vacancy | −$4.8k | −$1.40 |
| EGI | $87.0k | $25.60 |
| − OpEx | −$26.1k | −$7.68 |
| NOI | $60.9k | $17.92 |
3,400 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$870.3K
$761.5K – $1.02M
NOI $60,918 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$773.1K
$676.4K – $901.9K
NOI $54,115 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,880 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $1,450,000.
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.
