Renovated 4-Unit Apartment
1211 18TH Place NE Washington, DC 20002
For Sale
$1,199,000
Turnkey, newly renovated 4-unit building with four 3-bedroom apartments and new appliances, ready for immediate occupancy.
Property Size3,270 SF
Price / SF$366.67
Days on Market134
Property Features for 1211 18TH Place NE
General Information
Standard status
Active
Size
3,270 SF
Property subtype
Multi-family
Building Details
Year Built
1941
Listing Agency:
Samson Properties
Listed By:
Deborah D Boddie
Source:
Deepcreeklake
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 28 at 11:24PM
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 newly renovated 4-unit apartment building offers four spacious 3-bedroom units configured with two units per floor. Renovations have been completed and the property has never been occupied since the upgrade, with renovation-protective wrapping remaining on all appliances. The building includes gas heating and provides two on-site parking spaces for residents.
Located in Northeast Washington, DC near the U.S. National Arboretum, the property offers convenient access to I-295 and the Baltimore-Washington Parkway. The location supports an easy commute for area employers and surrounding household needs.
The building is presented as move-in ready, with modern finishes throughout the redesigned units. Each apartment’s three-bedroom layout is suited to tenants looking for additional space while maintaining a compact 4-unit structure. The offering includes projected annual rental income of $201,600 and a projected 26% CAP rate, based on the information provided, making it an investor-focused opportunity for buyers seeking an immediately rentable, recently renovated asset.
Located in Northeast Washington, DC near the U.S. National Arboretum, the property offers convenient access to I-295 and the Baltimore-Washington Parkway. The location supports an easy commute for area employers and surrounding household needs.
The building is presented as move-in ready, with modern finishes throughout the redesigned units. Each apartment’s three-bedroom layout is suited to tenants looking for additional space while maintaining a compact 4-unit structure. The offering includes projected annual rental income of $201,600 and a projected 26% CAP rate, based on the information provided, making it an investor-focused opportunity for buyers seeking an immediately rentable, recently renovated asset.
Key Highlights
- Newly renovated 4‑unit apartment building (Year built 1941) with four 3‑bedroom apartments
- Two units per floor with redesigned interiors and modern finishes throughout
- Renovations completed and building never occupied since renovation; move‑in ready
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 | $94.2k | $28.80 |
| − Vacancy | −$5.2k | −$1.58 |
| EGI | $89.0k | $27.22 |
| − OpEx | −$26.7k | −$8.16 |
| NOI | $62.3k | $19.05 |
3,270 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$890.0K
$778.7K – $1.04M
NOI $62,297 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$795.3K
$695.9K – $927.9K
NOI $55,671 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,181 @ 7.0% cap · market cap 9.86%
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 - Turnkey, newly renovated 4-unit building with four 3-bedroom apartments and new appliances, ready for immediate occupancy.
Where is this quadplex located?
The property is located at 1211 18TH Place 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: Newly renovated 4‑unit apartment building (Year built 1941) with four 3‑bedroom apartments; Two units per floor with redesigned interiors and modern finishes throughout; Renovations completed and building never occupied since renovation; move‑in ready
