Brick Twin Back-to-Back Income
1842 PROVIDENCE Street NE Washington, DC 20002
For Sale
$870,000
MULTI_FAMILY - Other - WASHINGTON, DC
Property Size2,118 SF
Lot Size0.08 Acres
Price / SF$410.76
Days on Market21
Property Features for 1842 PROVIDENCE Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Standard status
Active
Size
2,118 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5497
Utilities
Heating system
Heat Pump (Heating), Electric (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: Jul 17
Last Checked: Jul 30 at 5:06AM
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.
Constructed in 1942, this brick back-to-back twin property reflects a classic architectural style with durable exterior construction. The efficient design supports rental use, and the relatively modest lot size helps keep maintenance demands manageable. On-street parking is available for residents, and there are no association fees to account for as part of ownership.
Located at 1842 Providence Street NE in Washington, DC 20002, the property benefits from an in-city setting with straightforward access via local streets. The existing construction and age also present a clear path for a value-add approach through renovations, should a buyer look to update finishes and improve income potential.
As a residential income asset marketed for sale, it is positioned as a rental-focused property with low ongoing association overhead and a compact footprint.
Located at 1842 Providence Street NE in Washington, DC 20002, the property benefits from an in-city setting with straightforward access via local streets. The existing construction and age also present a clear path for a value-add approach through renovations, should a buyer look to update finishes and improve income potential.
As a residential income asset marketed for sale, it is positioned as a rental-focused property with low ongoing association overhead and a compact footprint.
Key Highlights
- Twin/semi‑detached property constructed in 1942 with durable brick construction
- Modest lot size of 0.08 acres
- Heat pump and electric heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.0k | $28.80 |
| − Vacancy | −$3.4k | −$1.58 |
| EGI | $57.6k | $27.22 |
| − OpEx | −$17.3k | −$8.16 |
| NOI | $40.4k | $19.05 |
2,118 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.4K
$504.4K – $672.5K
NOI $40,350 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$515.1K
$450.7K – $601.0K
NOI $36,058 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.09M
$956.8K – $1.28M
NOI $76,547 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1942 with durable brick construction, this back-to-back twin property offers on-street parking 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 $870,000.
What are key features of this property?
This property features: Twin/semi‑detached property constructed in 1942 with durable brick construction; Modest lot size of 0.08 acres; Heat pump and electric heating
