Renovated Quadplex with In-Unit
For Sale
$1,099,999
1250 QUEEN Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size3,376 SF
Lot Size0.06 Acres
Price / SF$325.83
Days on Market147
Property Features for 1250 QUEEN Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
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
3,376 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8231
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
modern kitchens
stainless steel appliances
updated bathrooms
new flooring
in-unit laundry
Building Details
Year built
1941
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Abel M Gebremichael · License #SP98377913
(202) 601-0160
Added: May 22
Changed: Oct 12
Last Checked: Oct 15 at 11:06AM
MLS# DCDC2262236
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 four-unit brick quadplex at 1250 Queen Street NE contains four three-bedroom, one-bath residences, each measuring approximately 689 square feet within a 3,376-square-foot building. Renovations include modern kitchens with stainless steel appliances, refreshed bathrooms, new flooring, and in-unit laundry. Two residences are vacant, while the other two are rent-ready, creating flexibility for an owner-occupant or an operator seeking a multi-unit residential asset.
Built in 1941, the property sits on a 0.0635-acre lot and features heat pump heating, central air conditioning, and on-street parking. The layouts are described as meeting DC egress and square-footage requirements, providing a renovated configuration for residential occupancy in Washington, DC.
Built in 1941, the property sits on a 0.0635-acre lot and features heat pump heating, central air conditioning, and on-street parking. The layouts are described as meeting DC egress and square-footage requirements, providing a renovated configuration for residential occupancy in Washington, DC.
Key Highlights
- Four‑unit quadplex with four 3‑bedroom, 1‑bath residences
- Approximately 689 square feet per unit; 3,376 square feet total
- Renovated kitchens, bathrooms, flooring, and in‑unit laundry
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
Lease Details
4
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated brick multifamily property with modern kitchens, central air, and flexible occupancy options in Washington, DC.
Where is this quadplex located?
The property is located at 1250 QUEEN Street 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: Four‑unit quadplex with four 3‑bedroom, 1‑bath residences; Approximately 689 square feet per unit; 3,376 square feet total; Renovated kitchens, bathrooms, flooring, and in‑unit laundry
