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    1927 15Th St NW Washington, DC 20009

    Sponsored
    For Sale
    $1,850,000

    MULTI_FAMILY - Other - WASHINGTON, DC

    Property size:
    3,005 SF
    Lot size:
    0.04 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for 1927 15Th St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room
    Parking
    2
    Parking features
    Off Street
    Interior features
    Combination Dining/Living, Floor Plan - Open
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
    Size
    3,005 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1908
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Clarence Pineda

    Compass (202) 491-1275

    Listing agent Clarence Pineda (202) 386-6330 License #SP98369549

    Listing date Mar 4, 2026

    MLS# DCDC2248610 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.

    Learn more

    Property Insight Report

    Overview

    U Street Multifamily Investment Opportunity

    Located in the U Street/14th Street corridor, this three-unit property presents an opportunity to acquire a rent-control-exempt building. The property offers immediate in-place income with lease-up upside. Apartments 1 and G are secured under lease, generating $5,775 per month ($69,300 annually) in documented rental income. The upper-level one-bedroom residence (Apt 2) is currently vacant, creating optionality for an investor to increase total revenue or for an owner-occupant to move in while offsetting expenses below. A projected market rent of approximately $2,500 per month for the upper unit (including parking) positions the property near $99,300 in potential annual gross income once fully leased. Each unit is separately metered for electricity and includes in-unit washer/dryer. A current Certificate of Occupancy (issued July 2024) and rent-control exemption provide additional flexibility for long-term rent strategy. Since 2020, the property has benefited from capital improvements, including full brick facade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades. Two secured off-street parking spaces with protected garage access add tangible rental value. The property is a stabilized asset with income in place, staggered lease expirations, and immediate upside. It offers the opportunity to live in the vibrant U Street corridor while building equity through rental income. The property has 3,005 square feet of space and sits on a 0.04-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.03427
    Latitude
    38.91643

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    FAQs

    What type of property is this?
    Triplex - Three-unit property in the U Street corridor with income potential.
    Where is this triplex located?
    The property is located at 1927 15Th St NW Washington, DC.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Rent-control-exempt, three-unit property in the highly desirable U Street/14th Street corridor.; - Immediate in-place income of $69,300 annually from two leased units, with potential for near $99,300 annual gross income when fully leased.; - Vacant upper-level unit provides immediate optionality for increased revenue or owner-occupancy.
    (202) 251-9797
    Request Owner's contact information
    1927 15Th St NW Washington, DC 20009
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    Washington, DC 20009
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1927 15Th St NW Washington, DC 20009
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    We can help!
    Listing Contact
    Clarence Pineda
    Real Estate License ID: SP98369549
    (202) 251-9797 (202) 386-6330
    Learn more
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