Three-Unit Multifamily
For Sale
$2,150,000
916 EAST CAPITOL STREET NE, Washington, DC 20003
Classic Capitol Hill multifamily property with flexible occupancy options and a valid Certificate of Occupancy.
Property Size5,052 SF
Days on Market142
Property Features for 916 EAST CAPITOL STREET NE
General Information
Standard status
Active
Size
5,052 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,804
Building Details
Building Size
5,052 SF
Year Built
1915
Listing Agency:
Nomadic Real Estate Broker Services
Listed By:
Raymond Minarcik · License #SP40002465
(202) 223-9019
Source:
Barnesrealestatecompany
Added: May 18
Changed: Oct 3
Last Checked: Oct 6 at 12:09AM
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 Nomadic Real Estate Broker Services
Investment Insights
Based on property information with market context.
Built in 1915, this three-unit multifamily property includes two vacant units and a third unit that is tenant occupied and expected to become vacant soon. Unit A has three bedrooms and two bathrooms, while Unit B offers two bedrooms and one bathroom. Interior details include hardwood floors, exposed brick fireplaces, and abundant natural light. A valid Certificate of Occupancy is in place for transfer to the buyer.
The property is located on East Capitol Street in Washington, DC, near Eastern Market, Lincoln Park, Barracks Row, Metro, dining, shopping, and other Capitol Hill amenities. The current configuration supports a range of occupancy arrangements, including leasing the vacant units, occupying one unit, or maintaining the property as a three-unit residence.
The property is located on East Capitol Street in Washington, DC, near Eastern Market, Lincoln Park, Barracks Row, Metro, dining, shopping, and other Capitol Hill amenities. The current configuration supports a range of occupancy arrangements, including leasing the vacant units, occupying one unit, or maintaining the property as a three-unit residence.
Key Highlights
- Three‑unit property built in 1915
- Unit A: 3BR/2BA; Unit B: 2BR/1BA
- Units A and B are vacant and ready for occupancy or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,518
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,360
$1.8M
Cap Rate 7%
$1,293,114
$1.3M
Cap Rate 9%
$1,005,756
$1.0M
Market Conditions
NOI Build-Up for 5,052 SF
Gross rent
$136.4K $27.00/SF
− Vacancy
−$7.1K −$1.40/SF
EGI
$129.3K $25.60/SF
− OpEx
−$38.8K −$7.68/SF
NOI
$90.5K $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 Rate 5%
$1,810,360
Cap Rate 7%
$1,293,114
Cap Rate 9%
$1,005,756
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,518 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,942 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,901 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 20003, DC
36,501
Population
20,817
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
15,870
Density / Sq Mi
$159,604
Median Household Income
$107,846
Median Earnings
$2,630
Median Rent
$954,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Classic Capitol Hill multifamily property with flexible occupancy options and a valid Certificate of Occupancy.
Where is this triplex located?
The property is located at 916 EAST CAPITOL STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Three‑unit property built in 1915; Unit A: 3BR/2BA; Unit B: 2BR/1BA; Units A and B are vacant and ready for occupancy or leasing
