Four-Unit Brick
For Sale
$930,000
1918 I Street NE, Washington, DC 20002
Multi-Family, WASHINGTON, DC
Property Size2,368 SF
Lot Size0.06 Acres
Price / SF$392.74
Days on Market910
Property Features for 1918 I Street NE
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Alley, Off Street
Interior features
Ceiling Fan(s), Floor Plan - Open, Wood Floors
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
2,368 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6980
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1942
Number of units
4
Building materials
Brick
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
Ahmad Iravani · License #SP98378404
(240) 423-0909
Added: Apr 20, 2024
Changed: Oct 8
Last Checked: Oct 16 at 1:06AM
MLS# DCDC2138032
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property in Washington, DC, is housed in a brick building constructed in 1942. The 2,368-square-foot layout includes wood floors and open floor plans, while central heating and central air conditioning are provided throughout the units. Two units are currently leased on a month-to-month basis.
Located at 1918 I Street NE in the Trinidad area, the property offers alley and off-street parking. Grocery options and transportation are nearby, with the US National Arboretum and the H Street Corridor also identified in the surrounding area. The parcel contains 0.0558 acres within ZIP Code 20002.
Located at 1918 I Street NE in the Trinidad area, the property offers alley and off-street parking. Grocery options and transportation are nearby, with the US National Arboretum and the H Street Corridor also identified in the surrounding area. The parcel contains 0.0558 acres within ZIP Code 20002.
Key Highlights
- Four‑unit residential property built in 1942
- 2,368 square feet on a 0.0558‑acre lot
- Brick construction with wood floors and open floor plans
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.
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Property Analytics
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Current Use
Lease Details
4
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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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 - Each residence includes central heating and air conditioning, with wood flooring and an open floor plan.
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 residential property built in 1942; 2,368 square feet on a 0.0558‑acre lot; Brick construction with wood floors and open floor plans
