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    Renovated Multifamily Property in DC Title is generated by Realmo AI

    1518 ISHERWOOD Street NE, Washington, DC 20002

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    For Sale
    $975,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    2,841 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $343/SF
    Added:
    May 7, 2026
    Days on Market:
    63
    Last Refresh:
    Jul 8 at 2:06 pm

    Property Features for 1518 ISHERWOOD Street NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    2,841 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7998

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1931
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Contact an agent
    Elizabeth Jane Martin

    Listing agent Elizabeth Jane Martin License #SP98379614

    Listing office Berkshire Hathaway HomeServices PenFed Realty 1930 18TH Street unit: 4, Alexandria, DC

    Listing date May 7, 2026

    MLS# DCDC2258564 Listing URL

    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.

    HighLights

    • Turnkey, income‑producing four‑unit multifamily property with all units currently occupied.
    • Reinforced foundation engineered for future vertical expansion, offering significant value‑add potential.
    • Located less than one mile from the future new RFK Stadium redevelopment, in an area poised for continued investment and appreciation.
    • Approximately 2,841 square feet of finished living space on a 2,310 square foot lot.
    • Classic brick exterior and renovated apartments.
    • Fenced outdoor space provides an added amenity for tenants.

    Overview

    This renovated four-unit brick multifamily property in Washington, DC, presents an exceptional investment opportunity. The building features four spacious apartments, all currently occupied, making it suitable for investors seeking cash flow, owner-occupants, or developers interested in long-term appreciation. The property combines classic character with practical upgrades, including a brick exterior and a reinforced foundation engineered for future vertical expansion. A fenced outdoor space enhances tenant livability and rental appeal. The property offers approximately 2,841 square feet of finished living space on a 2,310-square-foot lot (0.053 acres). All four units are occupied, providing immediate and stable rental income. Located less than one mile from the future new RFK Stadium redevelopment, the property is positioned in an area poised for continued investment and appreciation. Residents have convenient access to public transportation, shopping, dining, entertainment, and major commuter routes. This property is a chance to own a multifamily property in one of Washington, DC's evolving rental markets.

    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 $81.8k $28.80
    − Vacancy −$4.5k −$1.58
    EGI $77.3k $27.22
    − OpEx −$23.2k −$8.16
    NOI $54.1k $19.05
    2,841 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $773.2K
    $676.6K – $902.1K (±1% cap)
    NOI $54,124 @ 7.0% cap · market cap 5.55%
    Second Best
    Apartment 5plus
    $691.0K
    $604.6K – $806.1K (±1% cap)
    NOI $48,367 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    Office A
    $1.47M
    $1.28M – $1.71M (±1% cap)
    NOI $102,677 @ 7.0% cap · market cap 10.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -76.98279
    Latitude
    38.89564

    FAQs

    What type of property is this?
    Quadplex - Four-unit, income-producing property near future RFK Stadium redevelopment.
    Where is this quadplex located?
    The property is located at 1518 ISHERWOOD Street NE Washington, DC.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing four‑unit multifamily property with all units currently occupied.; Reinforced foundation engineered for future vertical expansion, offering significant value‑add potential.; Located less than one mile from the future new RFK Stadium redevelopment, in an area poised for continued investment and appreciation.
    More about this property
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