Turnkey Four-Unit
1210 MEIGS Place NE Washington, DC 20002
For Sale
$1,500,000
MULTI_FAMILY - Colonial - WASHINGTON, DC
Property Size2,776 SF
Lot Size0.08 Acres
Price / SF$540.35
Days on Market253
Property Features for 1210 MEIGS Place NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
2
Parking features
Off Street
Interior features
Upgraded Countertops, Kitchen - Island, Kitchen - Gourmet, Floor Plan - Traditional, Combination Kitchen/Living, Bathroom - Soaking Tub
Appliances
Washer/Dryer Stacked, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas, Microwave, Built-In Microwave, Cooktop
Standard status
Active
Size
2,776 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5787
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Compass
(202) 386-6330
Listed By:
Jennifer S Smira · License #SP600505
(202) 280-2060
Added: Nov 17, 2025
Changed: Jul 21
Last Checked: Jul 28 at 7:06AM
MLS# DCDC2232092
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.
1210 Meigs Place NE is a fully renovated, turnkey four-unit multifamily property with a total of five income-producing units, including a bonus basement unit. Each residence is described as a 2-bedroom, 2-bath layout and has been modernized with stainless steel appliances and quartz and marble countertops, along with designer tile work and ample natural light. The offering also includes private outdoor decks, in-unit amenities, dedicated parking, and EV charging. Updated systems throughout are noted as part of the low-maintenance design.
Located in Washington, DC (20002), the property is positioned for access to multiple growth corridors, including Ivy City, Union Market, and NoMa/H St, with nearby amenities cited such as Metro and grocery and retail options including Trader Joe’s, Whole Foods, and Mom’s Organic Market, plus gyms and restaurants.
The provided prior rent details show monthly rents of $1,950 for Unit 1, $2,000 for Unit 2, $2,150 for Units 3 and 4, and $1,600 for the bonus basement unit, with annual income described as approximately $118,200+.
Located in Washington, DC (20002), the property is positioned for access to multiple growth corridors, including Ivy City, Union Market, and NoMa/H St, with nearby amenities cited such as Metro and grocery and retail options including Trader Joe’s, Whole Foods, and Mom’s Organic Market, plus gyms and restaurants.
The provided prior rent details show monthly rents of $1,950 for Unit 1, $2,000 for Unit 2, $2,150 for Units 3 and 4, and $1,600 for the bonus basement unit, with annual income described as approximately $118,200+.
Key Highlights
- Turnkey, fully renovated four‑unit multifamily property generating $118,200+ in annual income.
- Each unit features 2 bedrooms and 2 bathrooms with high‑end finishes, stainless steel appliances, quartz and marble countertops, and designer tile work.
- Located in a rapidly growing D.C. neighborhood with easy access to Metro, Trader Joe's, Whole Foods, and other amenities.
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 | $79.9k | $28.80 |
| − Vacancy | −$4.4k | −$1.58 |
| EGI | $75.6k | $27.22 |
| − OpEx | −$22.7k | −$8.16 |
| NOI | $52.9k | $19.05 |
2,776 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$755.5K
$661.1K – $881.4K
NOI $52,886 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$675.2K
$590.8K – $787.7K
NOI $47,261 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,328 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated four-unit property with dedicated parking, EV charging, and updated systems, generating annual income from five rental units.
Where is this quadplex located?
The property is located at 1210 MEIGS Place NE Washington, DC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Turnkey, fully renovated four‑unit multifamily property generating $118,200+ in annual income.; Each unit features **2 bedrooms and 2 bathrooms with high‑end finishes, stainless steel appliances, quartz and marble countertops, and designer tile work.**; Located in a rapidly growing D.C. neighborhood with easy access to Metro, Trader Joe's, Whole Foods, and other amenities.
