Brick Four-Unit
For Sale
$799,999
1348 NICHOLSON Street NW, Washington, DC 20011
Multi-Family, WASHINGTON, DC
Property Size2,640 SF
Lot Size0.13 Acres
Price / SF$303.03
Days on Market131
Property Features for 1348 NICHOLSON Street NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Elementary school
BRIGHTWOOD EDUCATIONAL CAMPUS
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
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 Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Russell Carter · License #SP98377566
(202) 953-0777
Added: May 29
Changed: Sep 2
Last Checked: Oct 6 at 8:06AM
MLS# DCDC2265332
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 residential income property at 1348 Nicholson Street NW contains 2,640 square feet and was built in 1935. The building features brick construction and hot-water heating, with an oversized 0.1278-acre lot supporting the property’s residential configuration.
The site is positioned near the 16th Street corridor in Washington, DC, with access to downtown, public transportation, parks, restaurants, shopping, and other neighborhood amenities. The property also offers the potential for up to four rear parking spaces, adding a practical site-planning consideration for future ownership.
The site is positioned near the 16th Street corridor in Washington, DC, with access to downtown, public transportation, parks, restaurants, shopping, and other neighborhood amenities. The property also offers the potential for up to four rear parking spaces, adding a practical site-planning consideration for future ownership.
Key Highlights
- Four‑unit building with 2,640 SF of property area
- Oversized 0.1278‑acre lot
- Potential for up to four rear parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,301
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,020
$946.0K
Cap Rate 7%
$675,729
$675.7K
Cap Rate 9%
$525,567
$525.6K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$71.3K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$67.6K $25.60/SF
− OpEx
−$20.3K −$7.68/SF
NOI
$47.3K $17.92/SF
Area
ZIP 20011
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,020
Cap Rate 7%
$675,729
Cap Rate 9%
$525,567
Alternative Uses
Best Use
Multifamily LT 5
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$600.3K
$525.2K – $700.3K
NOI $42,018 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,413 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 20011, DC
67,815
Population
29,658
Households
2.3
Avg Household Size
37
Median Age
55%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
12,558
Density / Sq Mi
$108,377
Median Household Income
$69,147
Median Earnings
$1,636
Median Rent
$722,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Hot-water heating serves four units near the 16th Street corridor, with access to downtown DC and neighborhood amenities.
Where is this quadplex located?
The property is located at 1348 NICHOLSON Street NW Washington, DC.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Four‑unit building with 2,640 SF of property area; Oversized 0.1278‑acre lot; Potential for up to four rear parking spaces
