$1,425,000
UNDER CONTRACT $175K PRICE DROP

Estimated payment $8,815/month

Total Views 3,474
Studio
-- Bath
3,080 Sq Ft
$463 Price per Sq Ft

Highlights

  • Cooling Available
  • 2 Attached Carport Spaces
  • Hot Water Heating System

About This Home

FULLY VACANT 4-UNIT APARTMENT BUILDING: Palisades quad-plex apartment building, comprised of two 2BDR/1BA units and two 1BDR+Den/1BA units with approximately 3,848 square feet of gross living area across two stories and a semi-finished basement. Delivering 100% vacant, the Property is therefore EXEMPT FROM TOPA AND RENT CONTROL and creates immediate flexibility for both investors and owner-occupants—a buyer could occupy one unit while generating income from the others, or capture market rents on all four units from day one with no below-market leases to inherit. The Property has historically generated strong rental demand and full occupancy from young professionals, graduate students, and others connected with nearby Georgetown and George Washington Universities, multiple hospitals, as well as northern Virginia. SIGNIFICANT IMPROVEMENTS COMPLETED: One owner has meticulously maintained the building for decades and completed meaningful improvements including: a new roof (2022), upgraded windows, granite and quartz countertops, dishwashers/modernized appliances, and a recently installed off-street parking pad. SEPERATELY METERED for gas and electricity across all four units, each served by its own new Weil-McLain boiler, allowing ownership to pass virtually all utility costs other than water/sewer through to tenants. OFF-STREET PARKING & CURB CUT: 4512 is the only building on this block of MacArthur Boulevard with a curb cut and off-street parking, a rare amenity and an essential component for any future condominium or redevelopment play. LARGE LOT & DEVELOPMENT POTENTIAL: The Property is situated on a very large 6,066 square foot lot zoned RA-1, which presents the opportunity whether now or in the future to expand the gross square footage of the building, add units, or pursue a condominium conversion, subject to approvals—all within one of the District's MOST DESIREABLE ZIP CODE, where the median home sells for roughly $1.35 million and the Property falls within the in-demand Key Elementary School district.

Listing Agent

Ari Firoozabadi

(202) 280-2722 af@greysteel.com Greysteel Company LLC Brokerage Phone: 2022802722 License #SP200205538 Listed on: 06/15/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,879

Year Built

  • Built in 1937

Lot Details

  • 6,066 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 859
  • Assessor Parcel Number 1356//0859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,879

Year Built

Built in 1937

Lot Details

6,066 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1937
  • Automatically Close On Close Date: No
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 3420
  • Living Area Sq Ft: 3080
  • Price Per Sq Ft: 462.66
  • Above Grade Finished Sq Ft: 3080
  • Below Grade Sq Ft: 340
  • Total Below Grade Sq Ft: 340
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Attached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6066.00
  • Soil Types: Unknown
  • Zoning: RA-1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11879.00
  • Assessor Parcel Number: 1356//0859
  • Tax Lot: 859
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,879 $1,397,540 $782,940 $614,600
2024 $11,640 $1,369,400 $779,060 $590,340
2023 $11,219 $1,319,850 $748,300 $571,550
2022 $10,487 $1,233,820 $703,470 $530,350
2021 $10,023 $1,179,150 $699,960 $479,190
2020 $9,576 $1,126,620 $681,760 $444,860
2019 $9,068 $1,066,870 $662,590 $404,280
2018 $8,604 $1,012,230 $0 $0
2017 $8,054 $947,490 $0 $0
2016 $7,665 $901,720 $0 $0
2015 $7,527 $885,550 $0 $0
2014 $7,068 $831,500 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2026 07/17/26 Price Changed $1,425,000 -10.9% $463 / Sq Ft
06/15/2026 06/15/26 For Sale $1,600,000 +88.2% $519 / Sq Ft
01/29/2013 01/29/13 Sold $850,000 +3.0% $276 / Sq Ft View Prior Sale
07/27/2012 07/27/12 Pending -- -- --
07/05/2012 07/05/12 For Sale $825,000 -- $268 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2268170

Bright MLS

APN: 1356 0859

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