Renovated Multifamily Building for
For Sale
$1,099,999
1250 Queen St NE, Washington, DC 20002
Fully renovated four-unit building, ideal for investors or owner-occupants.
Property Size3,376 SF
Price / SF$325.83
Days on Market148
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Property Features for 1250 Queen St NE
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Multi-Family
Building Details
Year Built
1941
Listing Agency:
Keller Williams Capital Properties
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Source:
Themelaninteam
Added: May 21
Changed: Oct 1
Last Checked: Oct 7 at 4:23PM
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 fully renovated four-unit building is suitable for owner-occupants or investors seeking program-friendly income. Each unit features a 3-bedroom, 1-bath layout with approximately 689 sq. ft., meeting DC egress and square-footage requirements. The building has been completely renovated throughout, featuring modern kitchens with stainless-steel appliances, updated baths, new flooring, and in-unit laundry. Two units are currently vacant, providing flexibility for an owner-occupant to live in one unit while leasing others through the voucher program, or to operate short-term or mid-term rentals in a high-demand location. The remaining units are rent-ready, offering immediate income potential. This property represents a turnkey multifamily asset with compliance-ready layouts and strong rental fundamentals. Investors can pursue multiple strategies—program leasing, furnished rentals, or long-term holds—while maintaining a conservative risk profile through modernized systems and code-compliant design. The location is very bikeable with a bike score of 87, a walker's paradise with a walk score of 94, and has excellent transit with a transit score of 70.
Key Highlights
- Fully renovated 4‑unit building, turnkey and compliance‑ready.
- Ideal for owner‑occupants or investors with program‑friendly income potential.
- Each unit features 3 bedrooms and 1 bath, meeting DC egress and square‑footage requirements.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,317
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,340
$1.3M
Cap Rate 7%
$918,814
$918.8K
Cap Rate 9%
$714,633
$714.6K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$97.2K $28.80/SF
− Vacancy
−$5.3K −$1.58/SF
EGI
$91.9K $27.22/SF
− OpEx
−$27.6K −$8.16/SF
NOI
$64.3K $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%
$1,286,340
Cap Rate 7%
$918,814
Cap Rate 9%
$714,633
Alternative Uses
Best Use
Multifamily LT 5
$918.8K
$804.0K – $1.07M
NOI $64,317 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$821.1K
$718.4K – $957.9K
NOI $57,475 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,012 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,149
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated four-unit building, ideal for investors or owner-occupants.
Where is this quadplex located?
The property is located at 1250 Queen St NE Washington, DC.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Fully renovated 4‑unit building, turnkey and compliance‑ready.; Ideal for owner‑occupants or investors with program‑friendly income potential.; Each unit features 3 bedrooms and 1 bath, meeting DC egress and square‑footage requirements.
