Solid Brick Four-Unit Apartment
For Sale
$1,235,000
6616 14TH Street NW, Washington, DC 20012
Four-unit quadplex with separately metered utilities and 2BR/1BA units; three HVAC units replaced in 2025.
Property Size3,200 SF
Price / SF$385.94
Days on Market140
Property Features for 6616 14TH Street NW
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
8
Property subtype
Multi-family
Lease Term
[]
Additional Details
Utilities to Site
Yes
Amenities
hardwood floors
updated kitchens
ceramic tile floor
updated kitchen appliances
rear entrance
forced air central AC/heat
intercom system
cable/high-speed internet
separately metered gas & electric
in-unit furnace, hot water heater, and washer/dryer
Building Details
Year Built
1937
Year Renovated
2006
Buildings
1
Construction
brick on block
Tenancy
Multi
Listing Agency:
O'Neill Realty Advisors,LLC
(202) 741-9405
Listed By:
Andrew O'Neill · License #PB98367485
Source:
Deepcreeklake
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 4:50PM
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 O'Neill Realty Advisors,LLC
Investment Insights
Based on property information with market context.
6616 14TH Street NW is a solid brick four-unit quadplex built in 1937 and maintained in well managed condition. All four units are 2BR/1BA, with updates completed circa 2006. Each apartment features hardwood floors and updated kitchens with hardwood cabinets, ceramic tile flooring, and updated appliances. Units also include a washer/dryer in-unit, and each has its own furnace and hot water heater, along with forced air plus central AC/heat and an intercom system. All four units are separately metered for gas and electric.
The building provides rear entrances that open onto an off-street parking area for residents only, and there are up to 8 stacked rear parking spaces off the alley, plus well-lit street parking. Water and sewage fees and trash collection are included in the rental fee. The roof is in solid condition, and 3 out of 4 HVAC units were replaced in 2025.
Located in the upper NW area of Washington, DC, the property is described as rent control exempt (conveys with RAD exemption) and may remain exempt for buyers who do not own more than four units in Washington, DC. It is about two blocks from Whole Foods, Starbucks, and The Parks at Walter Reed, with walking access to Takoma Park Metro and easy access to downtown Silver Spring, Petworth, and Columbia Heights.
The building provides rear entrances that open onto an off-street parking area for residents only, and there are up to 8 stacked rear parking spaces off the alley, plus well-lit street parking. Water and sewage fees and trash collection are included in the rental fee. The roof is in solid condition, and 3 out of 4 HVAC units were replaced in 2025.
Located in the upper NW area of Washington, DC, the property is described as rent control exempt (conveys with RAD exemption) and may remain exempt for buyers who do not own more than four units in Washington, DC. It is about two blocks from Whole Foods, Starbucks, and The Parks at Walter Reed, with walking access to Takoma Park Metro and easy access to downtown Silver Spring, Petworth, and Columbia Heights.
Key Highlights
- Solid brick four‑unit quadplex built in 1937
- All four units are 2BR/1BA with updates circa 2006 and hardwood floors
- Separately metered gas and electric; each unit has its own furnace and hot water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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
Washington, DC
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.64%
Second Best
Apartment 5plus
$759.6K
$664.6K – $886.2K
NOI $53,170 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 20012, DC
15,485
Population
7,599
Households
2
Avg Household Size
41
Median Age
59%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
7,374
Density / Sq Mi
$128,234
Median Household Income
$75,138
Median Earnings
$1,638
Median Rent
$838,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex with separately metered utilities and 2BR/1BA units; three HVAC units replaced in 2025.
Where is this quadplex located?
The property is located at 6616 14TH Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: Solid brick four‑unit quadplex built in 1937; All four units are 2BR/1BA with updates circa 2006 and hardwood floors; Separately metered gas and electric; each unit has its own furnace and hot water heater
