1019 18th Street NE
Multifamily | 4 Units
Marketing description
Horvath & Tremblay has been selected to exclusively market for sale 1019 18th Street NE, an existing 100% vacant 4-unit multifamily building located in Washington DC’s Northeast neighborhood of Carver Langston.
THE OPPORTUNITY
The existing 4-unit property is currently in shell condition and provides an owner multiple investment strategies whether delivering rental apartments or condos. The property has been fully entitled, with approved plans and permits for an eight (8) unit, four-story redevelopment project. Alternatively, a new owner could look to work within the existing footprint and renovate the existing building into four (4) two or three-bedroom units.
Investment highlights
REDEVELOPMENT
The proposed redevelopment would consist of eight (8) total units: one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1.5-Bathroom units, and two (2), 3-Bedroom/2-Bathroom units.
LOCATION
The asset is situated in DC’s Carver Langston neighborhood and is close to several shopping centers with national retailers and restaurants, the H-Street
– Benning Road Tram, Gallaudet University, the National Arboretum, and is convenient to the soon-to-be-redeveloped site that includes RFK Stadium, and potential future home of the Washington Commanders.
AREA ATTRACTIONS
The subject property enjoys convenient access to some of Washington DC’s most desirable neighborhoods and submarkets including Union Market District, one of Washington, DC’s fastest growing neighborhoods offering a dynamic, 45-acre streetscape of independent shops and services, nationally recognized brands, highly rated restaurants, and entertainment options, and the H Street Corridor, a tight-knit neighborhood with an artsy vibe, quirky bars, hip eateries and independent designer shops. The Atlas Performing Arts Center presents films, concerts and plays in a 1930s movie theater. The area also hosts a weekly farmers’ market and the H Street Festival.
AREA DEVELOPMENT
The subject property is within 1.2-miles of the 174-acre RFK Stadium redevelopment site. In January 2025, President Biden signed a law transferring administrative control of the site to the District of Columbia for up to 99 years, allowing for mixed-use development and a potential new football stadium for the Washington Commanders. With planning underway, this redevelopment is set to catalyze long-term growth in the submarket for many years.
TRANSIT ORIENTED LOCATION
Metro
• Stadium-Armory (Blue, Orange, Silver Lines) – 1.2 Miles
• NoMa-Gallaudet U New York Ave (Red Line) – 30-Minute Walk
Train Station
• Union Station (Amtrak) – 40-Minute Walk
Bus: WMATA
• 17th St NE & K St NE – Route S41 – 1 Block or 2-Minute Walk
• Maryland Ave NE & 19th St NE – Route X8 – 1 Block or 2-Minute Walk
• Bladensburg Rd NE & K Street NE – Route B2 – 3 Blocks or 4-Minute Walk
DEMOGRAPHICS
An impressive 36,600+ people live within a 1-mile radius of the Property with an average household income of $154,114. Over 318,300 people live within 3 miles of the Property with an average income of $149,093.
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