Historic Three-Unit
For Sale
$2,325,000
1818 S NW, Washington, DC 20009
Three separately entered homes offer private outdoor areas, distinctive interior details, and established rental occupancy.
Property Size3,020 SF
Days on Market19
Property Features for 1818 S NW
General Information
Standard status
Active
Size
3,020 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$9,162
Building Details
Building Size
3,020 SF
Year Built
1897
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Kimberly A. Casey · License #BR98363896
(202) 361-3228
Source:
Barnesrealestatecompany
Added: Sep 18
Changed: Oct 3
Last Checked: Oct 5 at 10:38PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1897, this 3,020-square-foot triplex contains three individual residences, each arranged as a two-bedroom duplex with a private entrance. The two lower homes include rear gardens, while the upper residence features a private rooftop deck. Exposed brick, fireplaces, and varied interior layouts add architectural character throughout the property.
Two residences are leased, and the upper home is owner-occupied. The property includes two assigned parking spaces and is positioned near Metro service, restaurants, galleries, and the 14th Street corridor in Washington, DC.
Two residences are leased, and the upper home is owner-occupied. The property includes two assigned parking spaces and is positioned near Metro service, restaurants, galleries, and the 14th Street corridor in Washington, DC.
Key Highlights
- 3,020 SF triplex built in 1897
- Three two‑bedroom duplex residences with separate entrances
- Two lower residences include private rear gardens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,925
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,500
$1.3M
Cap Rate 7%
$941,786
$941.8K
Cap Rate 9%
$732,500
$732.5K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$99.7K $33.00/SF
− Vacancy
−$5.5K −$1.82/SF
EGI
$94.2K $31.19/SF
− OpEx
−$28.3K −$9.36/SF
NOI
$65.9K $21.83/SF
Area
ZIP 20009
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,500
Cap Rate 7%
$941,786
Cap Rate 9%
$732,500
Alternative Uses
Best Use
Multifamily LT 5
$941.8K
$824.1K – $1.10M
NOI $65,925 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$839.6K
$734.6K – $979.5K
NOI $58,769 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,737 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately entered homes offer private outdoor areas, distinctive interior details, and established rental occupancy.
Where is this triplex located?
The property is located at 1818 S NW Washington, DC.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: 3,020 SF triplex built in 1897; Three two‑bedroom duplex residences with separate entrances; Two lower residences include private rear gardens
