5-Unit Apartment
New
For Sale
$650,000
1810 Q STREET SE, Washington, DC 20020
A five-residence configuration includes a mix of one- and two-bedroom apartments with rear parking and a fenced yard.
Property Size3,057 SF
Days on Market7
Property Features for 1810 Q STREET SE
General Information
Standard status
Active
Size
3,057 SF
Property subtype
Five Or More Units
Units
Unit Mix
3 x 2BR, 2 x 1BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,448
Amenities
fenced-in yard
Building Details
Building Size
3,057 SF
Year Built
1957
Buildings
1
Listing Agency:
Jason Mitchell Group
Listed By:
Eric W Brooks
(703) 622-2001
Source:
Kwcapitalproperties
Added: Sep 27
Changed: Sep 29
Last Checked: Oct 1 at 5:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jason Mitchell Group
Investment Insights
Based on property information with market context.
This 1957 apartment building contains five units: three two-bedroom apartments and two one-bedroom, one-bath apartments. Interiors feature full kitchens, hardwood flooring and carpeting, along with spacious living and dining areas.
Rear off-street parking and a fenced yard are part of the property. Public transportation is available along Minnesota Avenue and Pennsylvania Avenue in Washington, DC.
Rear off-street parking and a fenced yard are part of the property. Public transportation is available along Minnesota Avenue and Pennsylvania Avenue in Washington, DC.
Key Highlights
- Five apartments: three 2‑bedroom units and two 1‑bedroom/1‑bath units
- 1957 construction
- Full kitchens and combined living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,259
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$965,180
$965.2K
Cap Rate 7%
$689,414
$689.4K
Cap Rate 9%
$536,211
$536.2K
Market Conditions
NOI Build-Up for 3,057 SF
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.
Gross rent
$93.5K $30.60/SF
− Vacancy
−$5.8K −$1.90/SF
EGI
$87.7K $28.70/SF
− OpEx
−$39.5K −$12.92/SF
NOI
$48.3K $15.79/SF
Area
ZIP 20020
Vacancy
6.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$965,180
Cap Rate 7%
$689,414
Cap Rate 9%
$536,211
Alternative Uses
Best Use
Apartment 5plus
$689.4K
$603.2K – $804.3K
NOI $48,259 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,483 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
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?
Apartment building - A five-residence configuration includes a mix of one- and two-bedroom apartments with rear parking and a fenced yard.
Where is this apartment building located?
The property is located at 1810 Q STREET SE Washington, DC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five apartments: three 2‑bedroom units and two 1‑bedroom/1‑bath units; 1957 construction; Full kitchens and combined living and dining areas
