Renovated 4-Unit Apartment
For Sale
$1,199,000
1211 18TH Place NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,270 SF
Lot Size0.07 Acres
Price / SF$366.67
Days on Market157
Property Features for 1211 18TH Place NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Driveway, On Street
Appliances
Refrigerator, Stove
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
3,270 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7200
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
all-new appliances
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Federal
Listing Agency:
Samson Properties
(202) 938-0228
Listed By:
Deborah D Boddie · License #BR200201407
(202) 288-0255
Added: Apr 10
Changed: Sep 13
Last Checked: Sep 13 at 4:06PM
MLS# DCDC2250212
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.
This 3,270-square-foot quadplex contains four three-bedroom apartments arranged as two residences per floor. The 1941 brick building has undergone a full renovation and remains unoccupied since the work was completed. Apartment features include central air, forced-air heating, refrigerators, and stoves, while the property also offers two on-site parking spaces along with driveway and on-street parking. Federal architectural styling adds a distinct exterior character.
The property is located at 1211 18TH Place NE in Washington, DC, near the U.S. National Arboretum, I-295, and the Baltimore-Washington Parkway. The site encompasses 0.0722 acres. The stated investment metrics include a projected 26% CAP rate.
The property is located at 1211 18TH Place NE in Washington, DC, near the U.S. National Arboretum, I-295, and the Baltimore-Washington Parkway. The site encompasses 0.0722 acres. The stated investment metrics include a projected 26% CAP rate.
Key Highlights
- Four‑unit building with four 3‑bedroom apartments
- 3,270 square feet on a 0.0722‑acre lot
- Renovated 1941 brick building with Federal architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom residences span two floors with central air, forced-air heat, and updated appliances.
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: Four‑unit building with four 3‑bedroom apartments; 3,270 square feet on a 0.0722‑acre lot; Renovated 1941 brick building with Federal architectural style
