Fully Renovated 4-Unit
1274 MEIGS Place NE Washington, DC 20002
For Sale
Under Contract
$1,795,000
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size3,210 SF
Lot Size0.04 Acres
Price / SF$559.19
Days on Market441
Property Features for 1274 MEIGS Place NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Rooms
Dining Room
Parking
2
Parking features
Off Street, On Street
Interior features
Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Skylight(s)
Appliances
Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer/Dryer Hookups Only
Standard status
Active Under Contract
Size
3,210 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5458
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
Compass
(301) 298-1001
Listed By:
Nikki A Cooper
(240) 793-5563
Added: May 16, 2025
Changed: Jul 13
Last Checked: Jul 30 at 9:06AM
MLS# DCDC2200890
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 1274 Meigs Place NE, this fully renovated 4-unit quadplex includes two 2-bedroom units and two 3-bedroom units. The building is described as turnkey and updated throughout with modern finishes and all-electric systems designed for low-maintenance operation.
Three of the four units are currently occupied. The rents listed are $5,000 per month for each of the two 3-bedroom units, and $2,987 per month for one of the 2-bedroom units; the second 2-bedroom unit is vacant. Parking is available via street parking, along with two private parking spaces at the rear of the property.
This property is well suited for an investor or owner-occupant seeking a small multifamily with a straightforward unit mix and in-place rental income. With all-electric systems and the current occupancy profile noted above, it offers a practical configuration for managing tenants in a renovated building in the Trinidad neighborhood, with access to shopping, dining, and nearby attractions including Union Market and the H Street Corridor.
Three of the four units are currently occupied. The rents listed are $5,000 per month for each of the two 3-bedroom units, and $2,987 per month for one of the 2-bedroom units; the second 2-bedroom unit is vacant. Parking is available via street parking, along with two private parking spaces at the rear of the property.
This property is well suited for an investor or owner-occupant seeking a small multifamily with a straightforward unit mix and in-place rental income. With all-electric systems and the current occupancy profile noted above, it offers a practical configuration for managing tenants in a renovated building in the Trinidad neighborhood, with access to shopping, dining, and nearby attractions including Union Market and the H Street Corridor.
Key Highlights
- 4‑unit building with two 2‑bedroom units and two 3‑bedroom units
- Three units currently occupied: two 3‑bedroom units at $5,000/mo each; one 2‑bedroom unit at $2,987/mo (second 2‑bedroom is vacant)
- Brick Federal‑style building built in 1940; property condition listed as under construction
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 | $92.4k | $28.80 |
| − Vacancy | −$5.1k | −$1.58 |
| EGI | $87.4k | $27.22 |
| − OpEx | −$26.2k | −$8.16 |
| NOI | $61.2k | $19.05 |
3,210 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$873.6K
$764.4K – $1.02M
NOI $61,154 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$780.7K
$683.1K – $910.8K
NOI $54,649 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,013 @ 7.0% cap · market cap 6.46%
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 - Turnkey, fully renovated four-unit building with all-electric systems, three current occupants, and two private rear parking spaces.
Where is this quadplex located?
The property is located at 1274 MEIGS Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 4‑unit building with two 2‑bedroom units and two 3‑bedroom units; Three units currently occupied: two 3‑bedroom units at $5,000/mo each; one 2‑bedroom unit at $2,987/mo (second 2‑bedroom is vacant); Brick Federal‑style building built in 1940; property condition listed as under construction
