1942 I St NE Washington, DC 20002
Langston NeighborhoodEstimated payment $5,137/month
About This Home
Discover the potential of this well-maintained multi-family in booming Trinidad / Carver-Langston. Featuring four one-bedroom, one-bathroom units, this property is a prime choice for investors or first-time homebuyers looking to capitalize on a growing market. Investors will appreciate the building's solid rental history and the robust demand for housing in the area. 75% tenanted, providing reliable rental income for cash flow. Looking to house hack? An owner-occupant can move into the open unit, offset expenses with rental income, and build equity fast. The property boasts a history of strong occupancy and dependable cash flow, thanks to the high demand for rental units in the area. Close to the H St corridor and plentiful shopping options, including Hechinger Center and Aldi's. Jump on this opportunity to invest in a property with exceptional flexibility and long-term appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,381
Year Built
- Built in 1942
Lot Details
- 2,432 Sq Ft Lot
- Property is in average condition
Home Design
- 2,368 Sq Ft Home
- Quadruplex
- Federal Architecture
- Brick Exterior Construction
- Slab Foundation
Parking
- 2 Parking Spaces
- 2 Off-Street Spaces
Schools
- Browne Education Campus Elementary And Middle School
- Eastern High School
Utilities
- Radiator
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 4477//0021
Community Details
Overview
- 4 Units
- Building Winterized
- Trinidad Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Gross Income $47,328
- Net Operating Income $33,753
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | For Sale | $825,000 | 0.0% | $348 / Sq Ft |
| 02/20/2025 02/20/25 | Off Market | $825,000 | -- | -- |
| 12/19/2024 12/19/24 | For Sale | $825,000 | +123.0% | $348 / Sq Ft |
| 10/06/2016 10/06/16 | Sold | $370,000 | 0.0% | $156 / Sq Ft |
| 08/05/2016 08/05/16 | Pending | -- | -- | -- |
| 08/05/2016 08/05/16 | For Sale | $370,000 | -- | $156 / Sq Ft |
Source: Bright MLS
MLS Number: DCDC2171740
APN: 4477 0021
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