1227 18TH Place NE
Property Description
Exceptional value-add opportunity to acquire a four-unit multifamily property with green surroundings, yet located in one of Northeast DC's rapidly evolving neighborhoods. Each unit is approximately 750 square feet of interior living space and includes a finished second bedroom or den, central air, and in-unit washer and dryer setups, creating strong rental appeal and flexible investment potential. Three of the four units offer strong rent-ready potential with cosmetic updates and repairs, while one unit is gutted - ideal for investors or developers looking to maximize upside and build equity. Adding to the potential, two adjacent lots are also available for purchase, offering a rare chance to expand the existing footprint, increase unit sizes, explore additional development possibilities, or create a larger-scale multifamily project in an evolving area. Located near Gallaudet University, Union Market, and the vibrant H Street Corridor, the property offers easy access to acclaimed restaurants, coffee shops, nightlife, retail, and entertainment. Outdoor enthusiasts will appreciate being next door to the United States National Arboretum and moments from Kingman Island, Kenilworth Aquatic Gardens, The Fields at RFK Campus, and the scenic Anacostia Riverwalk Trail system for biking, running, and waterfront recreation. Whether you're seeking a buy-and-hold investment, redevelopment opportunity, or long-term portfolio addition with expansion potential, 1227 18th Pl NE offers a compelling combination of location, scale, and future upside.
Broker Details
Compass (202) 491-1275
MLS ID: 3086161 State License Number: SP98375446
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $599,000 |
| No. of Units: | 4 |
| Year Built: | 1941 |
| Lot Size: | 3,306.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2260434
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