4-Unit Apartment
For Sale
$750,000
6149 KANSAS AVENUE NE, Washington, DC 20011
The vacant apartments require varying levels of repair before they can be occupied.
Property Size2,937 SF
Price / SF$255.36
Days on Market10
Property Features for 6149 KANSAS AVENUE NE
General Information
Standard status
Active
Size
2,937 SF
Property subtype
Quadruplex
Property Condition
Severity
Repairs Needed
Evidence
need TLC
Site & Location
Neighborhood
Manor Park
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,608
Building Details
Building Size
2,937 SF
Year Built
1943
Listing Agency:
Realty One Group Performance, LLC
Listed By:
RUSSELL F BROWN · License #SP98377919
(202) 256-5964
Source:
Kerishull
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 28 at 3:05PM
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 Realty One Group Performance, LLC
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Investment Insights
Based on property information with market context.
This 2,937-square-foot, four-unit apartment property was built in 1943. All units are vacant; three need repairs, while the fourth requires more extensive work before it can be put back into service.
The property is within walking distance of the Takoma Park Metro station, shops, and restaurants. Zoning on the block permits building height up to 40 feet.
The property is within walking distance of the Takoma Park Metro station, shops, and restaurants. Zoning on the block permits building height up to 40 feet.
Key Highlights
- Four‑unit property with all apartments vacant
- 2,937 square feet; built in 1943
- Three apartments need repairs; the fourth requires more extensive work
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,623
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,460
$1.1M
Cap Rate 7%
$751,757
$751.8K
Cap Rate 9%
$584,700
$584.7K
Market Conditions
NOI Build-Up for 2,937 SF
Gross rent
$79.3K $27.00/SF
− Vacancy
−$4.1K −$1.40/SF
EGI
$75.2K $25.60/SF
− OpEx
−$22.6K −$7.68/SF
NOI
$52.6K $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%
$1,052,460
Cap Rate 7%
$751,757
Cap Rate 9%
$584,700
Alternative Uses
Best Use
Multifamily LT 5
$751.8K
$657.8K – $877.1K
NOI $52,623 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$667.8K
$584.3K – $779.1K
NOI $46,745 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,146 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,160
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
Frequently Asked Questions
What type of property is this?
Quadplex - The vacant apartments require varying levels of repair before they can be occupied.
Where is this quadplex located?
The property is located at 6149 KANSAS AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit property with all apartments vacant; 2,937 square feet; built in 1943; Three apartments need repairs; the fourth requires more extensive work
