$1,349,000

1214 18TH PL NE, Washington, DC 20002

  • 2,652 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1941
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $509/sqft
  • Property List Date Icon Listed 2 days ago

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.

Listing Status:
Coming Soon
Date Added:
August 14, 2025 at 05:00AM
Listing Office:
Keller Williams Capital Properties : 2022437700
Listing Agent:
Abel M Gebremichael : 2026010160
MLS ID:
DCDC2213524

This listing courtesy of Abel M Gebremichael, Keller Williams Capital Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

School-Within-School at Goding

704 26th St NE, Washington, DC, 20002

Grades PK-5

0.42 miles away

B

Browne Education Campus

850 26th St NE, Washington, DC, 20002

Grades EE-8

0.43 miles away

P

Phelps Architecture Construction and Engineering High School

704 26th St NE, Washington, DC, 20002

Grades 9-12

0.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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