$919,000
$899,999
2.1%For more information regarding the value of a property, please contact us for a free consultation.
1,560 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $919,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $589
Subdivision Old City #1
MLS Listing ID DCDC2154202
Sold Date 10/18/24
Style Traditional
Abv Grd Liv Area 1,560
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,740
Tax Year 2023
Lot Size 825 Sqft
Acres 0.02
Property Description
Unlock the potential of city living with this 3-unit rowhouse, perfectly situated in the heart of Washington DC, just 2 blocks from Union Station. This unique property offers two 1-bedroom units and one studio unit, all fully vacant and ready for your vision. Whether you're an enterprising first-time homebuyer or an investor, this home presents a rare opportunity to create a profitable, cash-flowing asset.
Live in one unit and legally operate short-term rentals in the other two, maximizing your income through platforms like Airbnb or VRBO. This prime location—just 7 blocks from the US Capitol and 4 blocks from the Hart Senate Office Building—makes it a magnet for short-term renters seeking the convenience of a walkable neighborhood filled with fantastic restaurants, grocery stores, and cafes. Imagine your tenants enjoying their morning coffee at the charming Union Kitchen bodega, right across the street.
With tree-lined streets and a vibrant community, this rowhouse is livable as-is but offers tremendous potential for updates to significantly increase rental income. A lovely deck in the back adds to the appeal, providing a perfect spot for relaxation or entertaining.
This property also qualifies for renovation financing with as little as 3.5% down, making it even more accessible. Don’t miss out on this rare opportunity to own a piece of DC’s thriving rental market and secure your financial future.
Location
State DC
County Washington
Zoning R4
Rooms
Basement Outside Entrance, Sump Pump, Other
Interior
Interior Features Wood Floors
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Flooring Hardwood
Equipment Oven/Range - Gas, Refrigerator
Fireplace N
Window Features Bay/Bow
Appliance Oven/Range - Gas, Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s)
Water Access N
Accessibility None
Porch Deck(s)
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Ludlow-Taylor
Middle Schools Stuart-Hobson
High Schools Eastern
School District District Of Columbia Public Schools
Others
Tax ID 0779//0092
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash, FHA, FHA 203(k), VA
Listing Terms Conventional, Cash, FHA, FHA 203(k), VA
Financing Conventional,Cash,FHA,FHA 203(k),VA
Special Listing Condition Standard
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Bought with KAUSHIK RATH • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "