Building Details

Building Size 3,270 SF

Year Built 1941

Units 4

Listing Agency: SAMSON PROPERTIES

Listed By: Deborah D Boddie · License #BR200201407 Show Phone

Source: Elliman

Added: Apr 15 Changed: Sep 28 Last Checked: Oct 5 at 4:25PM

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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 SAMSON PROPERTIES

Investment Insights

Based on property information with market context.

This is a renovated four-unit apartment building in Northeast Washington, DC, near the U.S. National Arboretum, with access to I-295 and the Baltimore-Washington Parkway. The property contains four 3-bedroom units, with two units per floor, redesigned with modern finishes. The building has never been occupied since the renovations were completed. All appliances are new. The building has gas heating and two on-site parking spaces. The property is located to the rear, offering privacy. The location has a bike score of 53, a walk score of 67, and a transit score of 62. The property is an investment opportunity for immediate income with minimal maintenance, convenient location, and strong rental demand.

Key Highlights

• Impressive 26% CAP Rate and Projected Annual Rental Income of $201,600
• Brand‑New Renovation - Never Occupied Since Renovation, with All‑New Appliances
• Four Spacious 3‑Bedroom Units, Move‑In Ready

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,297

Cap Rate

5.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,245,940 $1.2M

Cap Rate 7%

$889,957 $890.0K

Cap Rate 9%

$692,189 $692.2K

Market Conditions

NOI Build-Up for 3,270 SF

Gross rent

$94.2K $28.80/SF

− Vacancy

−$5.2K −$1.58/SF

EGI

$89.0K $27.22/SF

− OpEx

−$26.7K −$8.16/SF

NOI

$62.3K $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%

$1,245,940

Cap Rate 7%

$889,957

Cap Rate 9%

$692,189

Alternative Uses

Best Use

Multifamily LT 5

$890.0K

$778.7K – $1.04M (±1% cap)

NOI $62,297 @ 7.0% cap · market cap 5.20%

Second Best

Apartment 5plus

$795.3K

$695.9K – $927.9K (±1% cap)

NOI $55,671 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,181 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Favored Spray Foam ... General Contractor

Suggested Use

Top Pick Law Firm Spa & Massage Center Skin Care Clinic Building Supply Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,240

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Newly renovated four-unit building with modern finishes and strong rental income.

Where is this quadplex located?

The property is located at 1211 18TH NE Washington, DC.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: Impressive 26% CAP Rate and Projected Annual Rental Income of $201,600; Brand‑New Renovation - Never Occupied Since Renovation, with All‑New Appliances; Four Spacious 3‑Bedroom Units, Move‑In Ready