1250 QUEEN Street NE, Washington, DC 20002
MULTI_FAMILY - Other - WASHINGTON, DC
- Added:
- May 22, 2026
- Days on Market:
- 46
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 1250 QUEEN Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- 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
Building Details
- Year built
- 1941
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Abel M Gebremichael License #SP98377913 (202) 601-0160
Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC (202) 243-7700
Listing date May 22, 2026
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.
HighLights
- Fully renovated 4‑unit brick building built in 1941
- All 4 units feature a 3‑bedroom, 1‑bath layout with approximately 689 sq. ft. per unit
- Each unit is designed to meet DC egress and square‑footage requirements
- Modern interiors include updated baths, new flooring, and in‑unit laundry
- Kitchens include stainless‑steel appliances; central air and heat pump heating
- Two units are currently vacant; stated rent is $2,550 per unit (up to $7,650/month) with remaining units rent‑ready
Overview
Located at 1250 QUEEN Street NE in Washington, DC 20002, the property includes two currently vacant units, providing flexibility for an owner-occupant to live in one unit while renting the others. As described in the listing, the remaining units are rent-ready, and the program leasing strategy referenced centers on leasing three units through voucher or program-based arrangements.
For buyers seeking owner-occupant flexibility, the listing notes that VA financing can be used for a $0 down purchase scenario, with the owner living in one unit while the other three generate $2,550 each, up to $7,650 per month in total rental income. The building is presented as a turnkey option for investors or owner-occupants looking for code-compliant, renovated layouts and multiple operational approaches, including program leasing or short- or mid-term furnished rentals. Lot size is 0.0635 acres, and the property totals 3,376 square feet.
Local 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 | $97.2k | $28.80 |
| − Vacancy | −$5.3k | −$1.58 |
| EGI | $91.9k | $27.22 |
| − OpEx | −$27.6k | −$8.16 |
| NOI | $64.3k | $19.05 |
Alternative Uses
Current Use by Public Records
Map
- City
- Washington
- County
- District of Columbia
- State
- District of Columbia
- Longitude
- -76.98549
- Latitude
- 38.90654
