Brick Duplex with Rear
New
For Sale
$515,000
1002 18TH Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size1,684 SF
Lot Size0.04 Acres
Price / SF$305.82
Days on Market3
Property Features for 1002 18TH Street NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school
WHEATLEY EDUCATION CAMPUS
Middle school
BROWNE EDUCATION CAMPUS
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
1,684 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5145
Utilities
Heating system
Hot Water(Heating)
Amenities
enclosed rear porches
Building Details
Year built
1938
Number of units
3
Building materials
Brick
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 266-0600
Listed By:
Cynthia D Marshall-McFarland · License #SP98376638
(301) 412-2440
Added: Sep 4
Last Checked: Sep 6 at 4:06AM
MLS# DCDC2275212
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.
This 1,684-square-foot brick duplex, built in 1938, contains two one-bedroom, one-bathroom units. Each unit includes an enclosed rear porch. The property has hot-water heating and is offered in its current as-is condition, with one unit occupied. On-street parking is available, and parking may also be possible at the rear, subject to verification.
The property is in the Trinidad neighborhood of Washington, DC, near Gallaudet University. Routes to Capitol Hill and the H Street corridor are accessible from the area. The building is positioned for continued multifamily use or evaluation as a potential condominium-conversion project, with due diligence appropriate before pursuing either direction.
The property is in the Trinidad neighborhood of Washington, DC, near Gallaudet University. Routes to Capitol Hill and the H Street corridor are accessible from the area. The building is positioned for continued multifamily use or evaluation as a potential condominium-conversion project, with due diligence appropriate before pursuing either direction.
Key Highlights
- Two one‑bedroom, one‑bathroom units within a 1,684‑square‑foot duplex
- 1938 brick construction with hot‑water heating
- Enclosed rear porches serve both residential units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,082
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a multifamily configuration with enclosed rear porches and access to neighborhood amenities and corridors.
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 within a 1,684‑square‑foot duplex; 1938 brick construction with hot‑water heating; Enclosed rear porches serve both residential units
