Renovated Four-Unit
For Sale
$1,250,000
5615 1ST Place NW, Washington, DC 20011
Multi-Family, WASHINGTON, DC
Property Size3,430 SF
Price / SF$364.43
Days on Market192
Property Features for 5615 1ST Place NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Alley, Assigned
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
3,430 SF
Taxes and HOA fees
Tax Annual Amount
12850
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1935
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
CENTURY 21 New Millennium · Century 21 Real Estate
(703) 556-4222
Listed By:
Joseph B Okon · License #BR98371289
(240) 305-4918
Added: Mar 29
Changed: Sep 25
Last Checked: Oct 6 at 10:06AM
MLS# DCDC2252102
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,430-square-foot quadplex contains four residential units, each measuring approximately 850 square feet. The brick building dates to 1935 and combines Colonial architecture with central heating and central air conditioning. Recent renovations and efficient unit layouts support straightforward ongoing operation.
The property includes three off-street parking spaces with alley and assigned parking features. All four units are leased month to month, and the tenants do not have TOPA rights. Located at 5615 1st Place NW in Washington, DC 20011, the building is positioned in Northwest Washington.
The property includes three off-street parking spaces with alley and assigned parking features. All four units are leased month to month, and the tenants do not have TOPA rights. Located at 5615 1st Place NW in Washington, DC 20011, the building is positioned in Northwest Washington.
Key Highlights
- Four‑unit quadplex totaling 3,430 square feet
- Each unit measures approximately 850 square feet
- Three off‑street parking spaces with alley and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,456
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,120
$1.2M
Cap Rate 7%
$877,943
$877.9K
Cap Rate 9%
$682,844
$682.8K
Market Conditions
NOI Build-Up for 3,430 SF
Gross rent
$92.6K $27.00/SF
− Vacancy
−$4.8K −$1.40/SF
EGI
$87.8K $25.60/SF
− OpEx
−$26.3K −$7.68/SF
NOI
$61.5K $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%
$1,229,120
Cap Rate 7%
$877,943
Cap Rate 9%
$682,844
Alternative Uses
Best Use
Multifamily LT 5
$877.9K
$768.2K – $1.02M
NOI $61,456 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$779.9K
$682.4K – $909.9K
NOI $54,592 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,964 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,054
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Recently renovated brick quadplex with central heating, central air, and off-street parking.
Where is this quadplex located?
The property is located at 5615 1ST Place NW Washington, DC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,430 square feet; Each unit measures approximately 850 square feet; Three off‑street parking spaces with alley and assigned parking
