Renovated Multifamily Building Near
1211 18TH Place NE Washington, DC 20002
For Sale
$1,199,000
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size3,270 SF
Lot Size0.07 Acres
Price / SF$366.67
Days on Market112
Property Features for 1211 18TH Place NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
On Street, Driveway
Appliances
Refrigerator, Stove
Standard status
Active
Size
3,270 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7200
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
Deborah D Boddie · License #BR200201407
(202) 288-0255
Added: Apr 10
Changed: Jul 9
Last Checked: Jul 30 at 8:06AM
MLS# DCDC2250212
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 is a renovated four-unit apartment building located in Northeast Washington, DC, near the U.S. National Arboretum with access to I295 and the Baltimore-Washington Parkway. The property contains four three-bedroom units, with two units per floor, redesigned with modern finishes. The building has been renovated but never occupied since, with protective wrapping on all appliances. The building offers gas heating and two on-site parking spaces. The property is rear-located, offering privacy and tenant appeal. The property size is 3270 square feet, situated on a 0.0722-acre lot. The projected annual rental income is $201,600. This property is suited for investors seeking immediate income with minimal maintenance. The location, rental demand, and construction quality combine to make this an investment opportunity.
Key Highlights
- Fully renovated 4‑unit apartment building with four 3‑bedroom units (two units per floor)
- Renovations just completed and move‑in ready; building has never been occupied since renovation
- All‑new appliances included (refrigerator and stove), with factory wrapping still intact
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.2k | $28.80 |
| − Vacancy | −$5.2k | −$1.58 |
| EGI | $89.0k | $27.22 |
| − OpEx | −$26.7k | −$8.16 |
| NOI | $62.3k | $19.05 |
3,270 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$890.0K
$778.7K – $1.04M
NOI $62,297 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$795.3K
$695.9K – $927.9K
NOI $55,671 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,181 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Newly renovated four-unit apartment building in Northeast Washington, DC.
Where is this quadplex located?
The property is located at 1211 18TH Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Fully renovated 4‑unit apartment building with four 3‑bedroom units (two units per floor); Renovations just completed and move‑in ready; building has never been occupied since renovation; All‑new appliances included (refrigerator and stove), with factory wrapping still intact
