1946 I Street NE Washington, DC 20002
MULTI_FAMILY - WASHINGTON, DC
- Added:
- Oct 16, 2025
- Days on Market:
- 272
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 1946 I Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 28843
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1942
- Number of units
- 2
- Building materials
- Brick
Listing agent Samer Y. Makhlouf License #BR40000070 (703) 675-6100
Listing office Apex Home Realty 5900 Fort Drive unit: 312, Centreville, DC (703) 675-6100
Listing date Oct 16, 2025
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.
Investment Insights
Based on property information with market context.
Located in the Trinidad community, the home is positioned for convenient access to several popular Northeast-area destinations, including the U.S. National Arboretum, the H Street Corridor, and Union Market. That proximity can be helpful for residents who want nearby dining, shopping, and entertainment without relying on long commutes.
As a two-unit residential income property, this home can fit a range of ownership goals, including renting both units or living in one unit while offsetting expenses with rental income from the other. For buyers looking for a multi-unit structure with updated interiors and a straightforward, live-in-or-rent setup, this interior townhouse format offers practical, dual-unit functionality within the Washington, DC market.
Key Highlights
- Updated 2‑unit interior townhouse in desirable D.C. neighborhood (Trinidad).
- Strong income‑producing property or live‑in investment opportunity.
- Modern finishes and well‑appointed living spaces in each unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $28.80 |
| − Vacancy | −$2.2k | −$1.58 |
| EGI | $38.1k | $27.22 |
| − OpEx | −$11.4k | −$8.16 |
| NOI | $26.7k | $19.05 |
