Brick Quadplex with Updated
For Sale
$840,000
804 Randolph St Ne, Washington, DC 20017
Residences combine one-bedroom-plus-den plans with full bathrooms and select contemporary finishes.
Property Size2,880 SF
Price / SF$291.67
Days on Market164
Property Features for 804 Randolph St Ne
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 1BR+Den/1BA
Multifamily Units
4
Additional Details
Gross Income
$62,400
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,926
Building Details
Buildings
1
Construction
brick
Listing Agency:
Demers Real Estate, Inc.
Listed By:
Jon L Wilson · License #BR98368578
(202) 232-0950
Source:
Exprealty
Added: Mar 26
Changed: Sep 4
Last Checked: Aug 31 at 6:43PM
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 Demers Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located at 804 Randolph Street NE in Washington, DC, this brick quadplex contains four residences totaling 2,880 square feet. Each unit is configured with one bedroom, a den, and one full bathroom. Renovated interiors feature white shaker cabinets, stainless steel appliances, subway-tile bathrooms, and contemporary flooring. Every unit has 100-amp electrical service, while washer and dryer installations are present in select residences.
The property is situated near Brookland-CUA Metro Station on the Red Line, Catholic University, and Monroe Street Market. Nearby amenities include Busboys & Poets, Right Proper Brewing, Primrose, and Yes! Organic Market. The setting also provides access to the Metropolitan Branch Trail, five major hospitals, and a residential population exceeding 30,000 within one mile. Brookland carries a Walk Score of 92.
The property is situated near Brookland-CUA Metro Station on the Red Line, Catholic University, and Monroe Street Market. Nearby amenities include Busboys & Poets, Right Proper Brewing, Primrose, and Yes! Organic Market. The setting also provides access to the Metropolitan Branch Trail, five major hospitals, and a residential population exceeding 30,000 within one mile. Brookland carries a Walk Score of 92.
Key Highlights
- Four‑unit brick quadplex at 804 Randolph Street NE
- 2,880 square feet with four one‑bedroom‑plus‑den residences
- Each unit includes one full bathroom and 100‑amp electrical service
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
$51,602
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
6.14%
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%
$1,032,040
$1.0M
Cap Rate 7%
$737,171
$737.2K
Cap Rate 9%
$573,356
$573.4K
Market Conditions
NOI Build-Up for 2,880 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
$77.8K $27.00/SF
− Vacancy
−$4.0K −$1.40/SF
EGI
$73.7K $25.60/SF
− OpEx
−$22.1K −$7.68/SF
NOI
$51.6K $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%
$1,032,040
Cap Rate 7%
$737,171
Cap Rate 9%
$573,356
Alternative Uses
Best Use
Multifamily LT 5
$737.2K
$645.0K – $860.0K
NOI $51,602 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$683.6K
$598.2K – $797.6K
NOI $47,853 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,697 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 20017, DC
20,293
Population
9,252
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
92%
High-School Grad
2.2 sq mi
ZIP Area
9,224
Density / Sq Mi
$101,543
Median Household Income
$74,399
Median Earnings
$1,793
Median Rent
$686,400
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 - Residences combine one-bedroom-plus-den plans with full bathrooms and select contemporary finishes.
Where is this quadplex located?
The property is located at 804 Randolph St Ne Washington, DC.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Four‑unit brick quadplex at 804 Randolph Street NE; 2,880 square feet with four one‑bedroom‑plus‑den residences; Each unit includes one full bathroom and 100‑amp electrical service
