Mixed-Use Building with
For Sale
Contact for pricing
1917 18th Street NW, Washington, DC 20009
Fully occupied property combines residential units with a quick-service restaurant in a mixed-use setting.
Property Size3,124 SF
Price / SF$480.15
Days on Market63
Property Features for 1917 18th Street NW
General Information
Standard status
Active
Size
3,124 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
MU-4
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$112,823
Building Details
Year Built
1923
Year Renovated
2020
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Greysteel Company LLC Washington, D.C.
Listed By:
Benjamin Wilson · License #MD 649631
(202) 499-4077
Source:
Crexi
Added: Aug 6
Changed: Sep 12
Last Checked: Oct 5 at 3:31PM
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 Greysteel Company LLC Washington, D.C.
Investment Insights
Based on property information with market context.
This mixed-use building contains two apartments positioned above a quick-service restaurant, creating a combination of residential and commercial occupancy within one property. The asset is reported as 100% occupied and carries MU-4 zoning.
Constructed in 1923, the property is located at 1917 18th Street NW in Washington, DC 20009. Its configuration brings apartment and restaurant uses together in a single building.
Constructed in 1923, the property is located at 1917 18th Street NW in Washington, DC 20009. Its configuration brings apartment and restaurant uses together in a single building.
Key Highlights
- 100% occupied mixed‑use building
- Two apartments over a quick‑service restaurant
- MU‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,195
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,900
$1.4M
Cap Rate 7%
$974,214
$974.2K
Cap Rate 9%
$757,722
$757.7K
Market Conditions
NOI Build-Up for 3,124 SF
Gross rent
$103.1K $33.00/SF
− Vacancy
−$5.7K −$1.82/SF
EGI
$97.4K $31.19/SF
− OpEx
−$29.2K −$9.36/SF
NOI
$68.2K $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%
$1,363,900
Cap Rate 7%
$974,214
Cap Rate 9%
$757,722
Alternative Uses
Best Use
Multifamily LT 5
$974.2K
$852.4K – $1.14M
NOI $68,195 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$901.1K
$788.5K – $1.05M
NOI $63,079 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,482 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,539
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
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?
Mixed-use property - Fully occupied property combines residential units with a quick-service restaurant in a mixed-use setting.
Where is this mixed-use property located?
The property is located at 1917 18th Street NW Washington, DC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 100% occupied mixed‑use building; Two apartments over a quick‑service restaurant; MU‑4 zoning
