Brick End-Unit Development
811 18Th Street NE Washington, DC 20002
For Sale
$310,000
Gutted brick end-unit with alley access, excavated 7-foot crawl space, and rear parking for residential development.
Property Size1,152 SF
Price / SF$269.10
Days on Market323
Property Features for 811 18Th Street NE
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1941
Listing Agency:
Silver and Oak Realty
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Sep 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:18AM
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 Silver and Oak Realty
Investment Insights
Based on property information with market context.
Brick-constructed end-unit building in good condition, currently gutted with an excavated crawl space providing approximately 7 feet of clear headroom. The exterior shell remains, and the interior has been cleared to support redevelopment planning and construction access. The property also includes rear parking, adding functionality for future residential use.
Access is provided via a south-facing alley, making staging and construction movement straightforward. The property is located in Langston Carver near Benning Road NE and Bladensburg NE, with walkable access to the H Street corridor.
A 3-unit residential development is described as feasible, with a front addition noted in the provided materials. Attached documents include a DC determination letter. The listing is also identified as an approved short sale.
Access is provided via a south-facing alley, making staging and construction movement straightforward. The property is located in Langston Carver near Benning Road NE and Bladensburg NE, with walkable access to the H Street corridor.
A 3-unit residential development is described as feasible, with a front addition noted in the provided materials. Attached documents include a DC determination letter. The listing is also identified as an approved short sale.
Key Highlights
- Gutted 1941 brick end‑unit building with alley access in Langston Carver
- Excavated crawl space with 7 ft clear headroom (interior gutted, exterior intact)
- 3‑unit residential development potential with a front addition feasible
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 | $33.2k | $28.80 |
| − Vacancy | −$1.8k | −$1.58 |
| EGI | $31.4k | $27.22 |
| − OpEx | −$9.4k | −$8.16 |
| NOI | $21.9k | $19.05 |
1,152 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.8K
NOI $21,947 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,612 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$594.8K
$520.4K – $693.9K
NOI $41,635 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Gutted brick end-unit with alley access, excavated 7-foot crawl space, and rear parking for residential development.
Where is this triplex located?
The property is located at 811 18Th Street NE Washington, DC.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Gutted 1941 brick end‑unit building with alley access in Langston Carver; Excavated crawl space with 7 ft clear headroom (interior gutted, exterior intact); 3‑unit residential development potential with a front addition feasible
