1274 MEIGS Place NE Washington, DC 20002
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Features for 1274 MEIGS Place NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Rooms
- Dining Room
- Parking
- 2
- Parking features
- Off Street, On Street
- Interior features
- Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Crown Moldings, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Skylight(s)
- Appliances
- Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer/Dryer Hookups Only
- Standard status
- Active Under Contract
- Size
- 3,210 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5458
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Nikki A Cooper (240) 793-5563
Listing office Compass 5471 WISCONSIN Avenue unit: 300, WASHINGTON, DC (301) 298-1001
Listing date May 16, 2025
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.
Three of the four units are currently occupied. The rents listed are $5,000 per month for each of the two 3-bedroom units, and $2,987 per month for one of the 2-bedroom units; the second 2-bedroom unit is vacant. Parking is available via street parking, along with two private parking spaces at the rear of the property.
This property is well suited for an investor or owner-occupant seeking a small multifamily with a straightforward unit mix and in-place rental income. With all-electric systems and the current occupancy profile noted above, it offers a practical configuration for managing tenants in a renovated building in the Trinidad neighborhood, with access to shopping, dining, and nearby attractions including Union Market and the H Street Corridor.
Key Highlights
- 4‑unit building with two 2‑bedroom units and two 3‑bedroom units
- Three units currently occupied: two 3‑bedroom units at $5,000/mo each; one 2‑bedroom unit at $2,987/mo (second 2‑bedroom is vacant)
- Brick Federal‑style building built in 1940; property condition listed as under construction
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 | $92.4k | $28.80 |
| − Vacancy | −$5.1k | −$1.58 |
| EGI | $87.4k | $27.22 |
| − OpEx | −$26.2k | −$8.16 |
| NOI | $61.2k | $19.05 |
