Adams Morgan Multi-Unit
1944 CALVERT St NW Washington, DC 20009
For Sale
$1,795,000
Pending
Income-producing property near Rock Creek Park and Woodley Park Metro.
Property Size3,200 SF
Days on Market107
Property Features for 1944 CALVERT St NW
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Investment
Building Details
Year Built
1900
Listing Agency:
Brian Logan Real Estate
(202) 321-2540
Listed By:
Matthew E Vilardo · License #SP98357875
(202) 321-2540
Source:
Elliman
Added: Apr 15
Changed: Jul 10
Last Checked: Jul 23 at 10:51AM
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 Brian Logan Real Estate
Investment Insights
Based on property information with market context.
Located in Adams Morgan among historic homes built around 1900, this multi-unit property at 1944 Calvert Street NW offers income potential. The building contains four separately metered units. Unit #1 is a duplex with approximately 1,750 square feet, featuring 3 bedrooms and 2 bathrooms, spanning the second and third floors. It includes natural light, oversized front windows, skylights, cathedral ceilings in the living and dining areas, central A/C, in-unit washer/dryer, a private roof deck, an additional deck off the third bedroom, and rear parking for two small cars. Unit #2 is a 2-bedroom, 1-bath unit with approximately 750 square feet, featuring hardwood floors, high ceilings, central A/C, in-unit washer/dryer, a fresh coat of paint, and a private rear deck. Unit #3 is a front-facing studio with approximately 300 square feet, featuring ceiling height and a fresh coat of paint and access to W/D. Unit #4 is a 1-bedroom, 1-bath unit with approximately 400 square feet, featuring a private rear entrance, dedicated outdoor space, and access to additional storage and W/D. The property is located moments from Rock Creek Park and across the Duke Ellington Bridge from Woodley Park Metro Station. The walk score is 86, indicating it is very walkable, the transit score is 60, indicating good transit, and the bike score is 49, indicating it is somewhat bikeable. This property is suitable for investors or owner-occupants.
Key Highlights
- Income‑producing multi‑unit property with four separately metered units
- Prime Adams Morgan location, moments from Rock Creek Park and Woodley Park Metro Station
- Spacious 3BR/2BA duplex with private roof deck, additional deck, central A/C, in‑unit washer/dryer, and rear parking
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 | $105.6k | $33.00 |
| − Vacancy | −$5.8k | −$1.82 |
| EGI | $99.8k | $31.19 |
| − OpEx | −$29.9k | −$9.36 |
| NOI | $69.9k | $21.83 |
3,200 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$889.6K
$778.4K – $1.04M
NOI $62,271 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,218 @ 7.0% cap · market cap 6.42%
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 - Income-producing property near Rock Creek Park and Woodley Park Metro.
Where is this quadplex located?
The property is located at 1944 CALVERT St NW Washington, DC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Income‑producing multi‑unit property with four separately metered units; Prime Adams Morgan location, moments from Rock Creek Park and Woodley Park Metro Station; Spacious 3BR/2BA duplex with private roof deck, additional deck, central A/C, in‑unit washer/dryer, and rear parking
