1250 QUEEN Street NE Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
- Added:
- May 22, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 1250 QUEEN Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,376 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8231
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1941
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Abel M Gebremichael License #SP98377913 (202) 601-0160
Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC (202) 243-7700
Listing date May 22, 2026
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.
Located at 1250 QUEEN Street NE in Washington, DC 20002, the property includes two currently vacant units, providing flexibility for an owner-occupant to live in one unit while renting the others. As described in the listing, the remaining units are rent-ready, and the program leasing strategy referenced centers on leasing three units through voucher or program-based arrangements.
For buyers seeking owner-occupant flexibility, the listing notes that VA financing can be used for a $0 down purchase scenario, with the owner living in one unit while the other three generate $2,550 each, up to $7,650 per month in total rental income. The building is presented as a turnkey option for investors or owner-occupants looking for code-compliant, renovated layouts and multiple operational approaches, including program leasing or short- or mid-term furnished rentals. Lot size is 0.0635 acres, and the property totals 3,376 square feet.
Key Highlights
- Fully renovated 4‑unit brick building built in 1941
- All 4 units feature a 3‑bedroom, 1‑bath layout with approximately 689 sq. ft. per unit
- Each unit is designed to meet DC egress and square‑footage requirements
Local 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 | $97.2k | $28.80 |
| − Vacancy | −$5.3k | −$1.58 |
| EGI | $91.9k | $27.22 |
| − OpEx | −$27.6k | −$8.16 |
| NOI | $64.3k | $19.05 |
