Brick Quadplex with On-Street
For Sale
$799,000
1842 PROVIDENCE Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,118 SF
Lot Size0.08 Acres
Price / SF$377.24
Days on Market89
Property Features for 1842 PROVIDENCE 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
2,118 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5497
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1942
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Brian Logan Real Estate
(202) 387-5555
Listed By:
Solomon Beyene · License #sp98379711
(202) 340-2098
Added: Jul 10
Changed: Sep 29
Last Checked: Oct 6 at 1:06PM
MLS# DCDC2272008
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 quadplex is a brick residential income property constructed in 1942, offering 2,118 square feet on a 0.08-acre lot. Its twin or semi-detached configuration uses a back-to-back layout that supports efficient residential space planning. Heating is provided by heat pump and electric systems, while window units provide cooling.
The property is located in Washington, DC, within ZIP Code 20002. On-street parking serves the property, and no association fees are identified. The durable brick exterior and established construction date provide a clear physical profile for evaluating the asset's existing condition and future residential use.
The property is located in Washington, DC, within ZIP Code 20002. On-street parking serves the property, and no association fees are identified. The durable brick exterior and established construction date provide a clear physical profile for evaluating the asset's existing condition and future residential use.
Key Highlights
- Quadplex classification with 2,118 square feet of property size
- Brick construction completed in 1942
- Situated on a 0.08‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,350
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,000
$807.0K
Cap Rate 7%
$576,429
$576.4K
Cap Rate 9%
$448,333
$448.3K
Market Conditions
NOI Build-Up for 2,118 SF
Gross rent
$61.0K $28.80/SF
− Vacancy
−$3.4K −$1.58/SF
EGI
$57.6K $27.22/SF
− OpEx
−$17.3K −$8.16/SF
NOI
$40.4K $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%
$807,000
Cap Rate 7%
$576,429
Cap Rate 9%
$448,333
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.4K – $672.5K
NOI $40,350 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$515.1K
$450.7K – $601.0K
NOI $36,058 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.09M
$956.8K – $1.28M
NOI $76,547 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,599
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with brick construction, electric heat, window-unit cooling, and no association fees.
Where is this quadplex located?
The property is located at 1842 PROVIDENCE Street NE Washington, DC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Quadplex classification with 2,118 square feet of property size; Brick construction completed in 1942; Situated on a 0.08‑acre lot
