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    5618 1St St NW Washington, DC 20011

    Sponsored
    For Sale
    Under Contract
    $832,977

    MULTI_FAMILY - Colonial - WASHINGTON, DC

    Property size:
    2,800 SF
    Lot size:
    0.01 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 8:06 pm

    Property Features for 5618 1St St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Parking
    4
    Parking features
    Off Street, On Street, Garage - Detached
    Interior features
    Floor Plan - Traditional, Kitchen - Galley, Wood Floors
    Size
    2,800 SF
    Lot size
    0.01 Acres

    Utilities

    Heating system
    Hot Water(Heating), Other (Heating)

    Building Details

    Year built
    1935
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    James A Frieson Jr.

    Allegiance Realty Partners, LLC (703) 824-4800

    Listing agent James A Frieson Jr. (202) 547-5600 License #SP98370822

    Listing date Mar 2, 2026

    MLS# DCDC2245002 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

    Manor Park Four-Unit Property

    This well-maintained brick four-unit property is located in the Manor Park neighborhood of NW Washington, DC. Constructed in the 1930s, the building features a spacious layout with four 1-bedroom, 1-bath units. Each unit includes hardwood floors and a screened-in porch. Several units have been updated with newer furnaces, water heaters, and appliances. The property also features a detached 4-car garage. Each unit is currently occupied with month-to-month leases. The property is located near Georgia Avenue, public transportation, parks, shopping, and schools, with access to Downtown DC, Brookland, Catholic University, and commuter routes into Montgomery County. This property presents an opportunity for investors seeking an income-producing property in an established community, with upside potential, including a possible condo conversion. The property size is 2800 square feet and the lot size is 0.01 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -77.0119
    Latitude
    38.95829

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property in sought-after Manor Park neighborhood.
    Where is this quadplex located?
    The property is located at 5618 1St St NW Washington, DC.
    What is the asking price?
    The asking price for this property is $832,977.
    What are key features of this property?
    This property features: - Prime Manor Park location in NW Washington, DC.; - Four spacious 1-bedroom, 1-bath units with hardwood floors and screened-in porches.; - Rare detached 4-car garage provides additional income potential.
    (301) 908-4379
    Request Owner's contact information
    5618 1St St NW Washington, DC 20011
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    Washington, DC 20011
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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
    5618 1St St NW Washington, DC 20011
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    We can help!
    Listing Contact
    James A Frieson Jr.
    Real Estate License ID: SP98370822
    (301) 908-4379 (202) 547-5600
    Learn more
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