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Four-Unit Apartment Building in Washington
For Sale
$1,299,000
Pending

810 OTIS NW, Washington, DC 20010

Four-unit apartment building in prime location with high rental income.

Days on Market113

Property Features for 810 OTIS NW

General Information

Standard status Pending
Property subtype Investment

Building Details

Year Built 1910
Listing Agency: HomeSmart
Listed By: So Tayebi · License #SP200201631
Source: Elliman
Added: Apr 9 Changed: Jul 10 Last Checked: Jul 23 at 6:24AM

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 four-unit apartment building is situated in a prime location. The property attracts long-term tenants who pay premium rents, due to its location directly across from an elementary school. Units currently command approximately $3,000 per month, with pending applications offering immediate income upside. The property features turf grass in the front and hardscape in the rear, requiring very low lawn maintenance. The property has a bike score of 80, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 75, indicating excellent transit. Two units (#1 & #4) are vacant and ready for touring. The property can be delivered 75% occupied, pending applications.

Key Highlights

  • Prime location directly across from a highly desirable elementary school.
  • High rental income: Units currently command approximately $3,000/month.
  • Strong tenant demand ensures consistent occupancy.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Accounting Firm Big Box & Wholesale Store Kitchen & Bath Showroom Computer & Electronic Repair Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,154
Businesses Nearby

Demographics for 20010, DC

32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit apartment building in prime location with high rental income.
Where is this quadplex located?
The property is located at 810 OTIS NW Washington, DC.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime location directly across from a highly desirable elementary school.; High rental income: Units currently command approximately $3,000/month.; Strong tenant demand ensures consistent occupancy.
More about this property
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