Two-Unit Duplex with Rear
For Sale
$515,000
1002 18TH STREET NE, Washington, DC 20002
Two one-bedroom residences feature enclosed rear porches and potential rear parking.
Property Size1,684 SF
Price / SF$305.82
Days on Market56
Property Features for 1002 18TH STREET NE
General Information
Standard status
Active
Size
1,684 SF
Property subtype
Duplex
Site & Location
Neighborhood
Carver Langston
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
enclosed rear porches
Building Details
Year Built
1938
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 266-0600
Listed By:
Cynthia D Marshall-McFarland · License #SP98376638
(301) 412-2440
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 28 at 8:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
Built in 1938, this duplex contains two separate one-bedroom, one-bathroom residences, each with an enclosed rear porch. One unit is currently occupied, and the property is being offered in its present as-is condition. Rear parking may be possible, subject to buyer verification and due diligence.
The property is located in Washington’s Trinidad neighborhood near Gallaudet University, with access routes toward Capitol Hill and the H Street corridor. Its two-unit configuration supports continued multifamily use, while the property information also identifies condominium conversion as a potential direction for further evaluation.
The property is located in Washington’s Trinidad neighborhood near Gallaudet University, with access routes toward Capitol Hill and the H Street corridor. Its two-unit configuration supports continued multifamily use, while the property information also identifies condominium conversion as a potential direction for further evaluation.
Key Highlights
- Two one‑bedroom, one‑bathroom units
- Enclosed rear porches serving both units
- Built in 1938
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,082
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
$641.6K
Cap Rate 7%
$458,314
$458.3K
Cap Rate 9%
$356,467
$356.5K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$48.5K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$45.8K $27.22/SF
− OpEx
−$13.7K −$8.16/SF
NOI
$32.1K $19.05/SF
Area
ZIP 20002
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
Cap Rate 7%
$458,314
Cap Rate 9%
$356,467
Alternative Uses
Best Use
Multifamily LT 5
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.8K
NOI $28,670 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$869.5K
$760.8K – $1.01M
NOI $60,862 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
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Business Placement
Demographics for 20002, DC
69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences feature enclosed rear porches and potential rear parking.
Where is this duplex located?
The property is located at 1002 18TH STREET NE Washington, DC.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; Enclosed rear porches serving both units; Built in 1938
