Versatile Building in Brookland
831 Varnum St NE, Washington, DC 20017
Four-story, 18,616 SF building suitable for various uses.
Type:Religious Multifamily
Property size:
18,616 SFPrice / SF:
$290/SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 5 at 10:44 pm
Property Features for 831 Varnum St NE
General Information
- Standard status
- Active
- Size
- 18,616 SF
- Property subtype
- Religious Multifamily
Building Details
- Year Built
- 1917
Listing agent Sally Ludwig License #26349 (301) 918-2956
Listing office NAI Michael (301) 918-2956
Listing date Nov 21, 2025
Source Naiglobal
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 NAI Michael
HighLights
- Move‑in ready condition and recently renovated, exceptionally maintained.
- Located less than 5 minutes from Catholic University of America in the Brookland neighborhood.
- Versatile 18,616± SF four‑story building suitable for student housing, group home, or religious house.
- Full commercial kitchen, group dining area with outdoor patio seating, and existing chapel.
- Excess land for additional parking expansion.
- Backup power generator, excess power capacity, full sprinkler system, and recent roof replacement.
Overview
Located in the Brookland neighborhood of northeast Washington, DC, 831 Varnum St NE is a four-story building with 18,616± SF. The property is suitable for student housing, a group home, or a religious house. The building is in move-in ready condition, having been well maintained and recently renovated. It features a full commercial kitchen, a group dining area with outdoor patio seating, and an existing chapel. The property offers various room layouts, including suites, private rooms, and shared rooms, as well as multiple common areas and libraries. Elevator service is available to all four stories. The property includes excess land for additional parking expansion, a backup power generator, excess power capacity, and a full sprinkler system. A recent roof replacement has been completed. Its location at the end of a street provides both privacy and convenience. The site is less than 5 minutes from the Catholic University of America. The area surrounding the property is home to numerous nonprofits and religious entities, such as Ascension Living Carol Manor, Divine Word House, Marist Seminary, Mundo Verde Charter School, Washington Jesuit Academy, Scrilli School, and Providence Health Center. The property is meticulously maintained.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$3.44M
NOI $309,314 @ 9.00% cap · cautious / downside scenario
Moderate
$4.42M
NOI $309,314 @ 7.00% cap · market / base-case scenario
Aggressive
$6.19M
NOI $309,314 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $592.0k | $31.80 |
| − Vacancy | −$29.6k | −$1.59 |
| EGI | $562.4k | $30.21 |
| − OpEx | −$253.1k | −$13.59 |
| NOI | $309.3k | $16.62 |
18,616 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$4.42M
$3.87M – $5.16M
NOI $309,314 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.58M
$8.38M – $11.17M
NOI $670,283 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.9937
- Latitude
- 38.9417
Nearby Similar for Sale
FAQs
What type of property is this?
Church & religious facility - Four-story, 18,616 SF building suitable for various uses.
Where is this church & religious facility located?
The property is located at 831 Varnum St NE Washington, DC.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Move‑in ready condition and recently renovated, exceptionally maintained.; Located less than 5 minutes from Catholic University of America in the Brookland neighborhood.; Versatile 18,616± SF four‑story building suitable for student housing, group home, or religious house.
