Updated 4-Unit Multifamily
For Sale
$899,900
820 Taylor Street NE, Washington, DC 20017
Four updated 1-bedroom plus den units with off-street parking and transferable roof warranty, with upper units currently vacant.
Property Size3,200 SF
Price / SF$281.22
Days on Market430
Property Features for 820 Taylor Street NE
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
4
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
4
Building Details
Year Built
1937
Tenancy
Multi
Listing Agency:
RE/MAX Realty Services
(240) 286-1678
Listed By:
Ellerson Spurlock IV · License #SP98363031
Source:
Deepcreeklake
Added: Jun 21, 2025
Changed: Aug 24
Last Checked: Aug 24 at 7:12AM
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 RE/MAX Realty Services
Investment Insights
Based on property information with market context.
This updated 4-unit multifamily building offers four spacious 1-bedroom plus den, 1-bathroom apartments. Each unit features hardwood floors, abundant natural light, and modern finishes. Additional conveniences include ample basement storage and four off-street parking spaces. The roof is well maintained and comes with a transferable warranty. The upper two units are currently vacant and being marketed for lease.
Located in Washington, DC’s Brookland neighborhood, the property provides convenient access to the Red Line Metro Station for trips downtown. The surrounding area includes nearby universities and a range of local destinations and everyday amenities, including Catholic University, Trinity University, Turkey Thicket Recreation Center, Busboys & Poets, grocery options, and dining.
The current leasing setup includes month-to-month terms, which can support flexibility for investors or owner-occupants. With two units available now and the remaining units already in place, the property offers a practical path to stabilizing occupancy while benefiting from in-place unit finishes, parking, and building-level maintenance items like the transferable roof warranty.
Located in Washington, DC’s Brookland neighborhood, the property provides convenient access to the Red Line Metro Station for trips downtown. The surrounding area includes nearby universities and a range of local destinations and everyday amenities, including Catholic University, Trinity University, Turkey Thicket Recreation Center, Busboys & Poets, grocery options, and dining.
The current leasing setup includes month-to-month terms, which can support flexibility for investors or owner-occupants. With two units available now and the remaining units already in place, the property offers a practical path to stabilizing occupancy while benefiting from in-place unit finishes, parking, and building-level maintenance items like the transferable roof warranty.
Key Highlights
- 4‑unit multifamily built in 1937 with four 1‑bedroom + den, 1‑bath units
- Upper two units are currently vacant and available, while the other units are rented on month‑to‑month leases
- Each unit features hardwood floors, abundant natural light, and modern finishes
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
6.37%
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 6.37%
Second Best
Apartment 5plus
$759.6K
$664.6K – $886.2K
NOI $53,170 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,248
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 - Four updated 1-bedroom plus den units with off-street parking and transferable roof warranty, with upper units currently vacant.
Where is this quadplex located?
The property is located at 820 Taylor Street NE Washington, DC.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 4‑unit multifamily built in 1937 with four 1‑bedroom + den, 1‑bath units; Upper two units are currently vacant and available, while the other units are rented on month‑to‑month leases; Each unit features hardwood floors, abundant natural light, and modern finishes
