Detached Four-Unit
New
For Sale
$710,000
805 HOUSTON Ave, Takoma Park, MD 20912
The property includes an unfinished basement with shared laundry and utility space.
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$338.10
Days on Market2
Property Features for 805 HOUSTON Ave
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.14 Acres
Property subtype
Investment
Occupancy
75%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$71,400
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,491
Amenities
shared laundry
Building Details
Building Size
2,100 SF
Year Built
1939
Buildings
1
Units
4
Listing Agency:
Smart Realty
(240) 351-5915
Listed By:
Sandra L Peralta · License #665157
(240) 351-5915
Source:
Elliman
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 7:10PM
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 Smart Realty
Investment Insights
Based on property information with market context.
Built in 1939, this detached quadplex contains four residential units, with three currently occupied and one vacant. The building is estimated at approximately 2,100 square feet and includes an unfinished basement with shared laundry and utility areas. Utilities are separately metered except for water.
The property is situated in Takoma Park at 805 Houston Ave on a 5,922-square-foot lot. The site offers parking potential, while nearby mobility scores include a Bike Score of 58, Walk Score of 24, and Transit Score of 56. Showings are available by appointment, and the property is offered as is.
The property is situated in Takoma Park at 805 Houston Ave on a 5,922-square-foot lot. The site offers parking potential, while nearby mobility scores include a Bike Score of 58, Walk Score of 24, and Transit Score of 56. Showings are available by appointment, and the property is offered as is.
Key Highlights
- Four detached residential units, with 3 occupied and 1 vacant
- Estimated building area of approximately 2,100 sq. ft.
- Unfinished basement with shared laundry and utility area
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
$39,850
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
5.61%
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%
$797,000
$797.0K
Cap Rate 7%
$569,286
$569.3K
Cap Rate 9%
$442,778
$442.8K
Market Conditions
NOI Build-Up for 2,100 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
$61.0K $29.04/SF
− Vacancy
−$4.1K −$1.93/SF
EGI
$56.9K $27.11/SF
− OpEx
−$17.1K −$8.13/SF
NOI
$39.8K $18.98/SF
Area
Montgomery County, MD
Vacancy
6.65%
Lease Rate
$29.04 /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%
$797,000
Cap Rate 7%
$569,286
Cap Rate 9%
$442,778
Alternative Uses
Best Use
Multifamily LT 5
$569.3K
$498.1K – $664.2K
NOI $39,850 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,674 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$738.7K
$646.4K – $861.9K
NOI $51,711 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
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 - The property includes an unfinished basement with shared laundry and utility space.
Where is this quadplex located?
The property is located at 805 HOUSTON Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four detached residential units, with 3 occupied and 1 vacant; Estimated building area of approximately 2,100 sq. ft.; Unfinished basement with shared laundry and utility area
