4-Unit Apartment
810 Otis Place Northwest Washington, DC 20010
810 Otis Place Northwest, Washington, DC, 20010
$1,399,000
Pending
For Sale
$1,399,000
Pending
Four-unit apartment building with two units currently vacant and ready for touring.
Property Size2,442 SF
Days on Market106
Property Features for 810 Otis Place Northwest
General Information
- Standard status
- Pending
- Size
- 2,442 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
HomeSmart
(571) 594-6262
Listed by
So Tayebi · License #SP200201631
(571) 594-6262
Source
Compass
Added: Apr 8 Updated: Jul 21 at 10:55PM Checked: Jul 22 at 11:01AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This is a 4-unit apartment building with a tenant-ready layout and landscaping designed for low day-to-day maintenance. The front features turf grass, while the rear is improved with hardscape surfaces.
Two of the units, #1 and #4, are currently vacant and available for appointment showings. The property is also described as deliverable with approximately 75% occupancy, subject to pending applications.
The asset is located in Washington, and it is within city limits. The listing references the District of Columbia Public Schools for the applicable school district.
Two of the units, #1 and #4, are currently vacant and available for appointment showings. The property is also described as deliverable with approximately 75% occupancy, subject to pending applications.
The asset is located in Washington, and it is within city limits. The listing references the District of Columbia Public Schools for the applicable school district.
Key Highlights
- 4‑unit apartment building; two units (#1 and #4) are currently vacant and ready for touring
- Year built: 1910
- Units currently command approximately $3,000/month, with pending applications for near‑term income upside
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $27.00 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $62.5k | $25.60 |
| − OpEx | −$18.8k | −$7.68 |
| NOI | $43.8k | $17.92 |
2,442 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$625.1K
$546.9K – $729.2K
NOI $43,754 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$579.6K
$507.2K – $676.3K
NOI $40,575 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,926 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit apartment building with two units currently vacant and ready for touring.
Where is this quadplex located?
The property is located at 810 Otis Place Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4‑unit apartment building; two units (#1 and #4) are currently vacant and ready for touring; Year built: 1910; Units currently command approximately $3,000/month, with pending applications for near‑term income upside
