Five-Level Mixed-Use
For Sale
$2,495,000
2307 18TH Street NW, Washington, DC 20009
Multi-Family, WASHINGTON, DC
Property Size4,612 SF
Lot Size0.04 Acres
Price / SF$540.98
Days on Market213
Property Features for 2307 18TH Street NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Off Street, On Street
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
4,612 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
44535
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1900
Number of units
4
Building materials
Stucco, Block
Architectural style
Other
Listing Agency:
MCM Realty Company
Listed By:
Julie M Mariotti · License #SP98373000
(703) 442-9200
Added: Mar 23
Changed: Oct 19
Last Checked: Oct 21 at 1:06AM
MLS# DCDC2251538
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 4,612-square-foot mixed-use building contains three two-bedroom apartments of approximately 900 square feet each, along with restaurant retail space at street level. The walk-out basement is improved for bar use. The property underwent a full renovation in 2007 that included adding a fourth floor and rehabilitating the basement. Central heating and central air serve the building, which was originally constructed in 1900.
Located at 2307 18th Street NW in Washington, DC, the property is in Adams Morgan and includes two rear parking spaces. The building is fully leased and also offers off-street and on-street parking options.
Located at 2307 18th Street NW in Washington, DC, the property is in Adams Morgan and includes two rear parking spaces. The building is fully leased and also offers off-street and on-street parking options.
Key Highlights
- 4,612‑square‑foot mixed‑use building on a 0.0422‑acre lot
- Three 2‑bedroom apartments, approximately 900 SF each
- Restaurant retail at street level with an improved walk‑out basement used as a bar
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
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,844 @ 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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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?
Mixed-use property - Renovated in 2007, the property combines three residential units with restaurant retail and a basement bar.
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: 4,612‑square‑foot mixed‑use building on a 0.0422‑acre lot; Three 2‑bedroom apartments, approximately 900 SF each; Restaurant retail at street level with an improved walk‑out basement used as a bar
