Multifamily Investment
1019 18th Street Northeast Washington, DC 20002
1019 18th Street Northeast, Washington, DC, 20002
$895,000
For Sale
$895,000
Multifamily property for sale within Washington city limits in the District of Columbia Public Schools district.
Property Size3,429 SF
Price / SF$261.01
Days on Market127
Property Features for 1019 18th Street Northeast
General Information
- Standard status
- Active
- Size
- 3,429 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1938
Listing agency
Horvath & Tremblay MD, LLC
(202) 534-3003
Listed by
Christian Barreiro
(202) 534-3003
Source
Compass
Added: Mar 17 Updated: Jul 20 at 5:57PM Checked: Jul 21 at 6:18AM
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 Horvath & Tremblay MD, LLC
Investment Insights
Based on property information with market context.
This multifamily investment property is offered for sale. The listing identifies the asset at 1019 18th Street Northeast in Washington, DC, and places it within Washington city limits.
The property is associated with the District of Columbia Public Schools, as noted by the listing agent. Additional details regarding unit configuration, condition, or income performance are not provided in the information available here.
The property is associated with the District of Columbia Public Schools, as noted by the listing agent. Additional details regarding unit configuration, condition, or income performance are not provided in the information available here.
Key Highlights
- Multifamily property for sale within Washington city limits
- Year built: 1938
- In the District of Columbia Public Schools district (DCPS)
Local Financial Insights For Apartment 5plus
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 | $113.2k | $33.00 |
| − Vacancy | −$7.0k | −$2.05 |
| EGI | $106.1k | $30.95 |
| − OpEx | −$47.8k | −$13.93 |
| NOI | $58.4k | $17.02 |
3,429 SF · lease $33.00/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$834.0K
$729.7K – $973.0K
NOI $58,378 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,928 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property for sale within Washington city limits in the District of Columbia Public Schools district.
Where is this multifamily property located?
The property is located at 1019 18th Street Northeast Washington, DC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Multifamily property for sale within Washington city limits; Year built: 1938; In the District of Columbia Public Schools district (DCPS)
