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    Adams Morgan Multi-Unit Property Title is generated by Realmo AI

    1944 CALVERT St NW, Washington, DC 20009

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    For Sale
    $1,795,000

    Income-producing property near Rock Creek Park and Woodley Park Metro.

    Type:Investment
    Property size:
    3,200 SF
    Price / SF:
    $560/SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 11 at 6:11 am

    Property Features for 1944 CALVERT St NW

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Property subtype
    Investment

    Building Details

    Year Built
    1900

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    Listing Contact
    Matthew E Vilardo

    Listing agent Matthew E Vilardo License #SP98357875

    Listing office Brian Logan Real Estate

    Listing date Apr 15, 2026

    Source Elliman

    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 Brian Logan Real Estate

    HighLights

    • Income‑producing multi‑unit property with four separately metered units
    • Prime Adams Morgan location, moments from Rock Creek Park and Woodley Park Metro Station
    • Spacious 3BR/2BA duplex with private roof deck, additional deck, central A/C, in‑unit washer/dryer, and rear parking
    • Multiple outdoor spaces including private decks and dedicated outdoor space
    • Units feature desirable amenities such as central A/C and in‑unit washer/dryers
    • Located in a very walkable area with good transit options

    Overview

    Located in Adams Morgan among historic homes built around 1900, this multi-unit property at 1944 Calvert Street NW offers income potential. The building contains four separately metered units. Unit #1 is a duplex with approximately 1,750 square feet, featuring 3 bedrooms and 2 bathrooms, spanning the second and third floors. It includes natural light, oversized front windows, skylights, cathedral ceilings in the living and dining areas, central A/C, in-unit washer/dryer, a private roof deck, an additional deck off the third bedroom, and rear parking for two small cars. Unit #2 is a 2-bedroom, 1-bath unit with approximately 750 square feet, featuring hardwood floors, high ceilings, central A/C, in-unit washer/dryer, a fresh coat of paint, and a private rear deck. Unit #3 is a front-facing studio with approximately 300 square feet, featuring ceiling height and a fresh coat of paint and access to W/D. Unit #4 is a 1-bedroom, 1-bath unit with approximately 400 square feet, featuring a private rear entrance, dedicated outdoor space, and access to additional storage and W/D. The property is located moments from Rock Creek Park and across the Duke Ellington Bridge from Woodley Park Metro Station. The walk score is 86, indicating it is very walkable, the transit score is 60, indicating good transit, and the bike score is 49, indicating it is somewhat bikeable. This property is suitable for investors or owner-occupants.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0463203
    Latitude
    38.9229696

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    FAQs

    What type of property is this?
    Quadplex - Income-producing property near Rock Creek Park and Woodley Park Metro.
    Where is this quadplex located?
    The property is located at 1944 CALVERT St NW Washington, DC.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Income‑producing multi‑unit property with four separately metered units; Prime Adams Morgan location, moments from Rock Creek Park and Woodley Park Metro Station; Spacious 3BR/2BA duplex with private roof deck, additional deck, central A/C, in‑unit washer/dryer, and rear parking
    (202) 321-2540
    We can help!
    Listing Contact
    Matthew E Vilardo
    Real Estate License ID: SP98357875
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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