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… Read More 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. Read Less
Courtesy of Iosif T Gozner, Compass 202-545-6900
Listing Snapshot
Days Online
15
Last Updated
Property Type
Quadruplex
Square Ft.
3,306
Lot Size
0.07 Acres
Year Built
1941
MLS Number
DCDC2260434
Additional Details
Building
Built in 1941, Living area: 3306, Construction Materials: Brick
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