1214 18TH PL NE Coming Soon Save Request In-Person Tour Request Virtual Tour
Washington,DC 20002
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,652 sqft
Price per Sqft $508
MLS Listing ID DCDC2213524
Style Other
Abv Grd Liv Area 2,652
Year Built 1941
Available Date 2025-08-14
Annual Tax Amount $47,934
Tax Year 2024
Lot Size 3,111 Sqft
Acres 0.07
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Welcome to 1214 18th Place NE – a four-unit multifamily property, offering exceptional income potential. This turn-key building features two expansive bi-level 3-bedroom, 3-bath units (Units 3 & 4) and two spacious 2-bedroom, 2-bath flats (Units 1 & 2). The third-story addition has added significant living space and value, seamlessly blending into the building's classic structure. Each unit boasts in-unit washers and dryers, contemporary kitchens and bathrooms, and updated mechanical systems (most major systems are less than 5 years old), ensuring low maintenance for years to come. The property is separately metered for utilities except for water, allowing tenants to pay their bills – a big plus for any landlord. Investors and owner-occupants alike will appreciate the flexibility and high rental income potential here. Three of the four units are currently vacant and move-in ready, giving the next owner the option to lease them immediately at market or voucher rates, while one unit is already tenant-occupied to provide income from day one. With DC Housing voucher rents of roughly $3,500/month for each 3BR unit and $2,300/month for each 2BR unit, a fully leased building could generate over $11,000 in monthly gross rent – an impressive yield in the current market. This combination of strong cash flow and recent renovations makes for a truly turn-key investment opportunity. Whether you're an investor seeking a profitable addition to your portfolio or a homeowner looking to live in one unit and rent out the others to offset your mortgage, 1214 18th Place NE delivers. The full renovation means modern comfort and style for tenants and minimal upkeep for you. Don't miss this rare opportunity to own an entire four-unit building in a thriving DC location – a perfect blend of luxury living for tenants and excellent returns for the owner.
Location
State DC
County Washington
Zoning R4
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4445//0135
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA,VA,Exchange,Bank Portfolio
Listing Terms Cash,Conventional,FHA,VA,Exchange,Bank Portfolio
Financing Cash,Conventional,FHA,VA,Exchange,Bank Portfolio
Special Listing Condition Standard,Third Party Approval