Four-Unit Value-Add
For Sale
$599,000
1227 18th Place Northeast, Washington, DC 20002
Four-unit multifamily with central air and in-unit washer/dryer, with one unit gutted and cosmetic updates needed for others.
Property Size3,306 SF
Price / SF$181.19
Days on Market93
Property Features for 1227 18th Place Northeast
General Information
Standard status
Active
Size
3,306 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
4
Building Details
Year Built
1941
Listing Agency:
Keller Williams Capital Properties
(571) 228-5664
Listed By:
Jozsi Gozner · License #SP98375446
(571) 228-5664
Source:
Compass
Added: May 6
Changed: Jul 23
Last Checked: Jul 24 at 12:31PM
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 Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers a value-add setup with in-unit washer/dryer hookups and central air in every unit. Each unit includes approximately 750 square feet of interior living space and features a finished second bedroom or den. Three of the four units present rent-ready potential with cosmetic updates and repairs, while one unit is gutted, providing an opportunity for investors and builders to reposition the asset.
The property is located in Northeast Washington, DC in an area described as rapidly evolving, with easy access to nearby dining and entertainment options including Union Market and the H Street Corridor. The site is also close to Gallaudet University and within reach of outdoor recreation such as the United States National Arboretum, Kingman Island, Kenilworth Aquatic Gardens, The Fields at RFK Campus, and the Anacostia Riverwalk Trail system.
Two adjacent lots are also available for purchase, which may allow an expanded footprint and additional development or reconfiguration options depending on future plans.
The property is located in Northeast Washington, DC in an area described as rapidly evolving, with easy access to nearby dining and entertainment options including Union Market and the H Street Corridor. The site is also close to Gallaudet University and within reach of outdoor recreation such as the United States National Arboretum, Kingman Island, Kenilworth Aquatic Gardens, The Fields at RFK Campus, and the Anacostia Riverwalk Trail system.
Two adjacent lots are also available for purchase, which may allow an expanded footprint and additional development or reconfiguration options depending on future plans.
Key Highlights
- Four‑unit multifamily built in 1941 in Washington, DC (in city limits).
- Each unit has approx. 750 SF and includes a finished second bedroom or den.
- Central air in all units plus in‑unit washer and dryer hookups.
Property Analytics
Current Use
Lease Details
4
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily with central air and in-unit washer/dryer, with one unit gutted and cosmetic updates needed for others.
Where is this quadplex located?
The property is located at 1227 18th Place Northeast Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four‑unit multifamily built in 1941 in Washington, DC (in city limits).; Each unit has approx. 750 SF and includes a finished second bedroom or den.; Central air in all units plus in‑unit washer and dryer hookups.
