12-Unit Apartment
For Sale
$2,000,000
1846 MARYLAND AVENUE NE, Washington, DC 20002
Corner property offering self-contained one-bedroom, one-bath residences with vacant delivery and access to walkable urban amenities.
Property Size7,907 SF
Price / SF$252.94
Days on Market57
Property Features for 1846 MARYLAND AVENUE NE
General Information
Standard status
Active
Size
7,907 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
ready for updates
Site & Location
Neighborhood
Carver Langston
Public Transit
Yes
Units
Unit Mix
12 x 1BR/1BA
Multifamily Units
12
Building Details
Year Built
1950
Listing Agency:
District Realty INC
(202) 248-3700
Listed By:
Hanna G Negussie
(301) 922-7289
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 27
Last Checked: Oct 28 at 8:16AM
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 District Realty INC
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Investment Insights
Based on property information with market context.
Built in 1950, this apartment property contains 12 self-contained residences, each configured with one bedroom and one bathroom. The units are described as being in good to average condition and positioned for updates. Vacant delivery is available, with no TOPA to be delivered.
The property occupies the corner of Maryland Ave and 19th St NE in Washington, DC. Walk Score is 71, indicating a very walkable setting, while Bike Score is 66 and Transit Score is 62, reflecting bikeable conditions and good transit access.
The property occupies the corner of Maryland Ave and 19th St NE in Washington, DC. Walk Score is 71, indicating a very walkable setting, while Bike Score is 66 and Transit Score is 62, reflecting bikeable conditions and good transit access.
Key Highlights
- 12‑unit apartment property built in 1950
- All residences are self‑contained one‑bedroom, one‑bath apartments
- Units are in good to average condition and ready for updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,614
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,280
$2.7M
Cap Rate 7%
$1,923,057
$1.9M
Cap Rate 9%
$1,495,711
$1.5M
Market Conditions
NOI Build-Up for 7,907 SF
Gross rent
$260.9K $33.00/SF
− Vacancy
−$16.2K −$2.05/SF
EGI
$244.8K $30.95/SF
− OpEx
−$110.1K −$13.93/SF
NOI
$134.6K $17.02/SF
Area
ZIP 20002
Vacancy
6.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,280
Cap Rate 7%
$1,923,057
Cap Rate 9%
$1,495,711
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,614 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,768 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,174
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Corner property offering self-contained one-bedroom, one-bath residences with vacant delivery and access to walkable urban amenities.
Where is this apartment building located?
The property is located at 1846 MARYLAND AVENUE NE Washington, DC.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12‑unit apartment property built in 1950; All residences are self‑contained one‑bedroom, one‑bath apartments; Units are in good to average condition and ready for updates
