Adams Morgan Mixed-Use
For Sale
$2,495,000
2307 18Th Street NW, Washington, DC 20009
Five-level mixed-use building in the heart of Adams Morgan.
Property Size4,612 SF
Price / SF$540.98
Days on Market199
Property Features for 2307 18Th Street NW
General Information
Standard status
Active
Size
4,612 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
MU5
Taxes and HOA fees
Annual Taxes
$44,535
Amenities
Fully Finished,Improved,Interior Access,Walkout Level,Rear Entrance
Ceramic Tile,Engineered Wood
Natural Gas
Yes
No
5
Estimated
No Pool
Public
0.04
Assessor
On Street,Off Street
Concrete Perimeter,Slab
566150.00
2
Building Details
Building Size
4,612 SF
Year Built
1900
Listing Agency:
Samson Properties
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Mar 23
Changed: Sep 30
Last Checked: Oct 5 at 3:58PM
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 Samson Properties
Investment Insights
Based on property information with market context.
This five-level mixed-use building is located in the Adams Morgan neighborhood. The building was fully gutted and renovated in 2007, which included the addition of a fourth floor and the habilitation of the basement. The property features three 2-bedroom units, each approximately 900 square feet. The street level includes retail space, with an improved walk-out basement also currently used as retail. The property will be sold fully leased. Two parking spaces are included at the rear of the building.
Key Highlights
- Prime Adams Morgan location
- Fully leased investment property
- Three spacious 2‑bedroom units (approx 900 sf each)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,125
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,500
$1.9M
Cap Rate 7%
$1,330,357
$1.3M
Cap Rate 9%
$1,034,722
$1.0M
Market Conditions
NOI Build-Up for 4,612 SF
Gross rent
$161.6K $35.04/SF
− Vacancy
−$12.6K −$2.73/SF
EGI
$149.0K $32.31/SF
− OpEx
−$55.9K −$12.12/SF
NOI
$93.1K $20.19/SF
Area
ZIP 20009
Vacancy
7.80%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,500
Cap Rate 7%
$1,330,357
Cap Rate 9%
$1,034,722
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $93,125 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,749 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,059 @ 7.0% cap · market cap 6.66%
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
5,984
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-level mixed-use building in the heart of Adams Morgan.
Where is this mixed-use property located?
The property is located at 2307 18Th Street NW Washington, DC.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Prime Adams Morgan location; Fully leased investment property; Three spacious 2‑bedroom units (approx 900 sf each)
