1918 I Street NE Washington, DC 20002
MULTI_FAMILY - WASHINGTON, DC
Property Features for 1918 I Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Alley
- Interior features
- Ceiling Fan(s), Floor Plan - Open, Wood Floors
- Standard status
- Active
- Size
- 2,368 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6980
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1942
- Number of units
- 4
- Building materials
- Brick
Listing agent Ahmad Iravani License #SP98378404 (240) 423-0909
Listing office Taylor Properties 175 Admiral Cochrane Drive unit: 112, Annapolis, DC (301) 970-2447
Listing date Apr 20, 2024
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.
Set in Trinidad, Washington, DC, the home is surrounded by Northeast Washington’s local offerings, with nearby grocery options and easy access to transportation. Street parking is available for tenants and guests. The area also offers close proximity to the US National Arboretum and the dining and entertainment options associated with the H Street Corridor.
In addition to the existing rental setup, the property is described as having reconfiguration options, offering additional avenues for optimizing the layout based on an ownership plan.
Key Highlights
- Brick 4‑unit property built in 1942 in Trinidad, Washington DC
- Central heating and central air conditioning included for each unit
- Interior features include wood floors, open floor plan, and ceiling fans
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 | $68.2k | $28.80 |
| − Vacancy | −$3.8k | −$1.58 |
| EGI | $64.4k | $27.22 |
| − OpEx | −$19.3k | −$8.16 |
| NOI | $45.1k | $19.05 |
