Four-Unit Apartment
For Sale
$695,000
Pending
5938 13TH PLACE NW, Washington, DC 20011
RA-1-zoned apartment property with four two-bedroom residences, including three currently vacant units.
Property Size3,200 SF
Days on Market157
Property Features for 5938 13TH PLACE NW
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Quadruplex
Zoning
RA-1
Taxes and HOA fees
Annual Taxes
$7,767
Building Details
Building Size
3,200 SF
Year Built
1937
Buildings
1
Tenancy
Multi
Listing Agency:
RLAH @properties
Listed By:
Michele N Collison · License #SP98360
(202) 669-4306
Source:
Barnesrealestatecompany
Added: May 5
Changed: Oct 3
Last Checked: Oct 7 at 3:20PM
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 RLAH @properties
Investment Insights
Based on property information with market context.
Built in 1937, this four-unit apartment building contains four two-bedroom residences and is located at 5938 13th Place NW in Washington, DC’s Brightwood neighborhood. Three units are currently vacant, while existing tenants remain in the building.
The property carries RA-1 zoning and is being offered in its existing condition. The four-residence layout provides a clearly defined multifamily configuration for evaluation by purchasers seeking an apartment asset in Northwest Washington, DC.
The property carries RA-1 zoning and is being offered in its existing condition. The four-residence layout provides a clearly defined multifamily configuration for evaluation by purchasers seeking an apartment asset in Northwest Washington, DC.
Key Highlights
- Four‑unit apartment building with four two‑bedroom residences
- Three units are currently vacant
- RA‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,335
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,146,700
$1.1M
Cap Rate 7%
$819,071
$819.1K
Cap Rate 9%
$637,056
$637.1K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$86.4K $27.00/SF
− Vacancy
−$4.5K −$1.40/SF
EGI
$81.9K $25.60/SF
− OpEx
−$24.6K −$7.68/SF
NOI
$57.3K $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%
$1,146,700
Cap Rate 7%
$819,071
Cap Rate 9%
$637,056
Alternative Uses
Best Use
Multifamily LT 5
$819.1K
$716.7K – $955.6K
NOI $57,335 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$727.6K
$636.6K – $848.9K
NOI $50,931 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,652 @ 7.0% cap · market cap 16.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,380
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - RA-1-zoned apartment property with four two-bedroom residences, including three currently vacant units.
Where is this quadplex located?
The property is located at 5938 13TH PLACE NW Washington, DC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four‑unit apartment building with four two‑bedroom residences; Three units are currently vacant; RA‑1 zoning
