Renovated Four-Unit Multifamily
For Sale
$1,500,000
1210 MEIGS Place NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,776 SF
Lot Size0.08 Acres
Price / SF$540.35
Days on Market299
Property Features for 1210 MEIGS Place NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
2
Parking features
Off Street
Interior features
Upgraded Countertops, Kitchen - Island, Kitchen - Gourmet, Floor Plan - Traditional, Combination Kitchen/Living, Bathroom - Soaking Tub
Appliances
Washer/Dryer Stacked, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas, Microwave, Built-In Microwave, Cooktop
Subdivision
TRINIDAD
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,776 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5787
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private outdoor decks
dedicated parking
EV charging
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Compass
(202) 386-6330
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Added: Nov 17, 2025
Changed: Aug 21
Last Checked: Sep 12 at 8:06AM
MLS# DCDC2232092
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,776-square-foot brick Colonial property, built in 1941, is configured as a four-unit multifamily asset. Each residence includes two bedrooms and two bathrooms, with updated interiors featuring stainless steel appliances, upgraded quartz and marble countertops, designer tile work, kitchen islands, and natural light. The property also includes a basement, private outdoor decks, stacked washer and dryer units, forced-air heating, and central air conditioning.
Located at 1210 Meigs Place NE in Washington, DC, the property is positioned near Ivy City, Union Market, NoMa, and H Street. The surrounding area includes Metro access, grocery stores, gyms, and restaurants. Off-street parking and EV charging are included, while updated systems support the property's modernized configuration.
Located at 1210 Meigs Place NE in Washington, DC, the property is positioned near Ivy City, Union Market, NoMa, and H Street. The surrounding area includes Metro access, grocery stores, gyms, and restaurants. Off-street parking and EV charging are included, while updated systems support the property's modernized configuration.
Key Highlights
- Four‑unit multifamily property with 2,776 square feet
- Each residence offers 2 bedrooms and 2 bathrooms
- Built in 1941; brick construction with Colonial architecture
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
$52,886
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
3.53%
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%
$1,057,720
$1.1M
Cap Rate 7%
$755,514
$755.5K
Cap Rate 9%
$587,622
$587.6K
Market Conditions
NOI Build-Up for 2,776 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
$79.9K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$75.6K $27.22/SF
− OpEx
−$22.7K −$8.16/SF
NOI
$52.9K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /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%
$1,057,720
Cap Rate 7%
$755,514
Cap Rate 9%
$587,622
Alternative Uses
Best Use
Multifamily LT 5
$755.5K
$661.1K – $881.4K
NOI $52,886 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$675.2K
$590.8K – $787.7K
NOI $47,261 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,328 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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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?
Quadplex - Brick Colonial multifamily asset with modernized residences, private decks, dedicated parking, and EV charging.
Where is this quadplex located?
The property is located at 1210 MEIGS Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 2,776 square feet; Each residence offers 2 bedrooms and 2 bathrooms; Built in 1941; brick construction with Colonial architecture
