811 18TH Street NE Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
Property Features for 811 18TH Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Off Street
- Standard status
- Active
- Size
- 1,152 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25350
Building Details
- Year built
- 1941
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Cheryll A March License #SP98366612 (301) 806-8117
Listing office Bennett Realty Solutions 6301 Ivy Lane unit: 805, GREENBELT, DC (301) 459-5040
Listing date Sep 5, 2025
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.
The property is located in Langston Carver and is near Benning Road NE and Bladensburg NE. It is described as within a short walk of the H Street corridor, with access to the H Street Trolley, Metrobus, and DC Metro at Union Station. I-295 is also noted as providing convenient regional connectivity.
With the interior already opened up and the crawl space cleared to clear headroom, the property is positioned for contractors and developers evaluating limited underpinning and a controlled redevelopment approach. The offering also references feasibility for a 3-unit residential development with a front addition, supported by the end-unit configuration, alley access, and rear parking. This listing is also noted as an approved short sale, and attached documents are referenced for additional details including a DC determination letter.
Key Highlights
- Brick end‑unit building (year built 1941) in good condition
- Gutted interior with excavated crawl space offering 7 ft clear headroom
- Alley access via south‑facing alley
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 | $33.2k | $28.80 |
| − Vacancy | −$1.8k | −$1.58 |
| EGI | $31.4k | $27.22 |
| − OpEx | −$9.4k | −$8.16 |
| NOI | $21.9k | $19.05 |
