Four-Unit Property in Trinidad,
For Sale
$930,000
1918 I Street NE, Washington, DC 20002
Four-unit property in Trinidad, Washington DC with income potential.
Property Size2,368 SF
Price / SF$392.74
Days on Market1139
Property Features for 1918 I Street NE
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1942
Listing Agency:
Taylor Properties
Listed By:
Ahmad Iravani · License #SP98378404
(240) 423-0909
Source:
Deepcreeklake
Added: Sep 3, 2023
Changed: Oct 15
Last Checked: Oct 14 at 11:19PM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
Located in Trinidad, Washington DC, this four-unit property at 1918 I St NE features hardwood floors, central AC, and heating in each unit. The property is situated in Northeast Washington, near the US National Arboretum and the H Street Corridor's dining options. Grocery options, transportation, and street parking are conveniently accessible. The property is currently generating income with two units leased month-to-month at $2600. Market rents are estimated between $1550-$1650 per month. The property also presents reconfiguration options.
Key Highlights
- Four‑unit property in the desirable Trinidad neighborhood of Washington DC.
- Income‑generating property with two units currently leased.
- Potential for increased rental income with rents below market value.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,113
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,260
$902.3K
Cap Rate 7%
$644,471
$644.5K
Cap Rate 9%
$501,256
$501.3K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$68.2K $28.80/SF
− Vacancy
−$3.8K −$1.58/SF
EGI
$64.4K $27.22/SF
− OpEx
−$19.3K −$8.16/SF
NOI
$45.1K $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%
$902,260
Cap Rate 7%
$644,471
Cap Rate 9%
$501,256
Alternative Uses
Best Use
Multifamily LT 5
$644.5K
$563.9K – $751.9K
NOI $45,113 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$575.9K
$503.9K – $671.9K
NOI $40,314 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,582 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property in Trinidad, Washington DC with income potential.
Where is this quadplex located?
The property is located at 1918 I Street NE Washington, DC.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Four‑unit property in the desirable Trinidad neighborhood of Washington DC.; Income‑generating property with two units currently leased.; Potential for increased rental income with rents below market value.
