Renovated 4-Unit Apartment
For Sale
$1,199,000
1211 18TH PL NE, Washington, DC 20002
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 Market149
Property Features for 1211 18TH PL NE
General Information
Standard status
Active
Size
3,270 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Carver Langston
Highway Access
Yes
Additional Details
Cap Rate
26%
Multifamily Units
4
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
Deborah D Boddie · License #BR200201407
(202) 288-0255
Source:
Hostetterrealty
Added: Jun 3
Changed: Oct 25
Last Checked: Oct 28 at 9:04AM
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
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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
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
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.
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Lease Details
4
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in South region
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 PL 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
