1842 PROVIDENCE Street NE Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
Property Features for 1842 PROVIDENCE Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,118 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5497
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1942
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Solomon Beyene License #sp98379711 (202) 340-2098
Listing office Brian Logan Real Estate 1728 KALORAMA Road, WASHINGTON, DC (202) 387-5555
Listing date Jul 10, 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 1842 Providence Street NE in Washington, DC 20002, the property benefits from an in-city setting with straightforward access via local streets. The existing construction and age also present a clear path for a value-add approach through renovations, should a buyer look to update finishes and improve income potential.
As a residential income asset marketed for sale, it is positioned as a rental-focused property with low ongoing association overhead and a compact footprint.
Key Highlights
- Twin/semi‑detached property constructed in 1942 with durable brick construction
- Modest 0.08‑acre lot size
- Heating: electric heat and heat pump
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 | $61.0k | $28.80 |
| − Vacancy | −$3.4k | −$1.58 |
| EGI | $57.6k | $27.22 |
| − OpEx | −$17.3k | −$8.16 |
| NOI | $40.4k | $19.05 |
