Renovated
For Sale
$1,175,000
1250 QUEEN Street NE, Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size3,376 SF
Lot Size0.06 Acres
Price / SF$348.05
Days on Market100
Property Features for 1250 QUEEN Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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
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
Amenities
in-unit laundry
stainless steel appliances
updated baths
new flooring
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Added: May 22
Changed: Aug 19
Last Checked: Aug 29 at 12:06AM
MLS# DCDC2262236
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 four-unit brick quadplex, built in 1941, contains a total of 3,376 square feet. Each residence is configured with 3 bedrooms and 1 bath across approximately 689 square feet. The building has undergone a full renovation with contemporary kitchens, stainless-steel appliances, refreshed bathrooms, new flooring, and in-unit laundry. Central air and heat-pump heating serve the property, while parking is available on the street.
Two units are vacant, providing immediate occupancy flexibility within the four-unit configuration. The layouts are described as meeting DC egress and square-footage requirements. The property is located at 1250 Queen Street NE in Washington, DC 20002.
Two units are vacant, providing immediate occupancy flexibility within the four-unit configuration. The layouts are described as meeting DC egress and square-footage requirements. The property is located at 1250 Queen Street NE in Washington, DC 20002.
Key Highlights
- Four‑unit building totaling 3,376 square feet
- Each unit offers 3 bedrooms and 1 bath in approximately 689 square feet
- Fully renovated with updated kitchens, bathrooms, flooring, and in‑unit laundry
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
$64,317
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
5.47%
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%
$1,286,340
$1.3M
Cap Rate 7%
$918,814
$918.8K
Cap Rate 9%
$714,633
$714.6K
Market Conditions
NOI Build-Up for 3,376 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
$97.2K $28.80/SF
− Vacancy
−$5.3K −$1.58/SF
EGI
$91.9K $27.22/SF
− OpEx
−$27.6K −$8.16/SF
NOI
$64.3K $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%
$1,286,340
Cap Rate 7%
$918,814
Cap Rate 9%
$714,633
Alternative Uses
Best Use
Multifamily LT 5
$918.8K
$804.0K – $1.07M
NOI $64,317 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$821.1K
$718.4K – $957.9K
NOI $57,475 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,012 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick multifamily property with updated interiors, central air, in-unit laundry, and street parking in Washington, DC.
Where is this quadplex located?
The property is located at 1250 QUEEN Street NE Washington, DC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four‑unit building totaling 3,376 square feet; Each unit offers 3 bedrooms and 1 bath in approximately 689 square feet; Fully renovated with updated kitchens, bathrooms, flooring, and in‑unit laundry
