1348 NICHOLSON Street NW Washington, DC 20011
MULTI_FAMILY - Other - WASHINGTON, DC
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 12:06 pm
Property Features for 1348 NICHOLSON Street NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8096
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1935
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Russell Carter License #SP98377566 (202) 953-0777
Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC (202) 243-7700
Listing date May 29, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Located in the highly sought‑after 16th Street Heights neighborhood.
- Oversized lot with potential to add up to four rear parking spaces.
- Strong income‑producing potential for investors.
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 | $71.3k | $27.00 |
| − Vacancy | −$3.7k | −$1.40 |
| EGI | $67.6k | $25.60 |
| − OpEx | −$20.3k | −$7.68 |
| NOI | $47.3k | $17.92 |