Renovated Brick
For Sale
$975,000
1518 ISHERWOOD Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,841 SF
Lot Size0.05 Acres
Price / SF$343.19
Days on Market153
Property Features for 1518 ISHERWOOD 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
2,841 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7998
Utilities
Heating system
Hot Water(Heating)
Amenities
fenced outdoor space
Building Details
Year built
1931
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(202) 243-4200
Listed By:
Elizabeth Jane Martin · License #SP98379614
(703) 926-5777
Added: May 7
Changed: Aug 24
Last Checked: Oct 6 at 6:06PM
MLS# DCDC2258564
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 renovated quadplex at 1518 Isherwood Street NE contains four apartments within a brick building constructed in 1931. The property offers approximately 2,841 square feet of finished living space on a 2,310-square-foot lot, with all four units currently occupied. A fenced outdoor area adds usable exterior space, while hot-water heating and on-street parking serve the property. The reinforced foundation is engineered for future vertical expansion, according to the property information.
The property is located in Washington, DC 20002, less than one mile from the future RFK Stadium redevelopment. Public transportation, shopping, dining, entertainment, and major commuter routes are identified as accessible from the property.
The property is located in Washington, DC 20002, less than one mile from the future RFK Stadium redevelopment. Public transportation, shopping, dining, entertainment, and major commuter routes are identified as accessible from the property.
Key Highlights
- Four‑unit quadplex with all apartments currently occupied
- Approximately 2,841 square feet of finished living space
- 2,310‑square‑foot lot in Washington, DC 20002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,124
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,480
$1.1M
Cap Rate 7%
$773,200
$773.2K
Cap Rate 9%
$601,378
$601.4K
Market Conditions
NOI Build-Up for 2,841 SF
Gross rent
$81.8K $28.80/SF
− Vacancy
−$4.5K −$1.58/SF
EGI
$77.3K $27.22/SF
− OpEx
−$23.2K −$8.16/SF
NOI
$54.1K $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%
$1,082,480
Cap Rate 7%
$773,200
Cap Rate 9%
$601,378
Alternative Uses
Best Use
Multifamily LT 5
$773.2K
$676.6K – $902.1K
NOI $54,124 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$691.0K
$604.6K – $806.1K
NOI $48,367 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,677 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,731
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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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 - Renovated four-unit property with brick construction, fenced outdoor space, and all apartments currently occupied.
Where is this quadplex located?
The property is located at 1518 ISHERWOOD Street NE Washington, DC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit quadplex with all apartments currently occupied; Approximately 2,841 square feet of finished living space; 2,310‑square‑foot lot in Washington, DC 20002
