Renovated Multifamily Property in Washington,
For Sale
$1,500,000
1210 Meigs Place Northeast, Washington, DC 20002
Turnkey four-unit property with high-end finishes and strong income.
Property Size2,776 SF
Price / SF$540.35
Days on Market345
Property Features for 1210 Meigs Place Northeast
General Information
Standard status
Active
Size
2,776 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
R4
Taxes and HOA fees
Annual Taxes
$5,787
Amenities
No
Washer/Dryer Stacked, Stainless Steel Appliances, Refrigerator, Oven/Range - Gas, Microwave, Built-In Microwave, Cooktop
Upgraded Countertops, Kitchen - Island, Kitchen - Gourmet, Floor Plan - Traditional, Combination Kitchen/Living, Bathroom - Soaking Tub
No Pool
Deck(s), Brick, Patio(s)
Building Details
Year Built
1941
Listing Agency:
Compass
Listed By:
Jennifer Smira · License #SP600505
(202) 340-7675
Source:
Compass
Added: Nov 4, 2025
Changed: Oct 11
Last Checked: Oct 15 at 1:59AM
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 Compass
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Investment Insights
Based on property information with market context.
This is a four-unit multifamily property located in a growing neighborhood of Washington, D.C. The property generates approximately $118,200+ in annual income. Each residence includes two bedrooms and two bathrooms and has been modernized with high-end finishes, stainless steel appliances, quartz and marble countertops, and designer tile work. The units also feature private outdoor decks, in-unit amenities, and dedicated parking with EV charging. The property has updated systems throughout. It is positioned near Ivy City, Union Market, and NoMa / H ST, offering access to Metro, Trader Joe’s, Whole Foods, Mom's Organic Market, gyms, and restaurants. The property is intended as an income-producing investment with reliable returns and strong upside. The prior rent roll demonstrates consistent performance: Unit 1 – $1,950/month | Unit 2 – $2,000/month | Unit 3 – $2,150/month | Unit 4 – $2,150/month | Bonus Basement Unit – $1,600/month.
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, and quartz/marble countertops.
- Located in a fast‑growing D.C. neighborhood with easy access to Metro, Trader Joe’s, Whole Foods, and other amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,886
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,720
$1.1M
Cap Rate 7%
$755,514
$755.5K
Cap Rate 9%
$587,622
$587.6K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$79.9K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$75.6K $27.22/SF
− OpEx
−$22.7K −$8.16/SF
NOI
$52.9K $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%
$1,057,720
Cap Rate 7%
$755,514
Cap Rate 9%
$587,622
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,149
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey four-unit property with high-end finishes and strong income.
Where is this quadplex located?
The property is located at 1210 Meigs Place Northeast 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, and quartz/marble countertops.; Located in a fast‑growing D.C. neighborhood with easy access to Metro, Trader Joe’s, Whole Foods, and other amenities.
