NOT LISTED FOR SALE
Studio
4 Baths
2,556 Sq Ft
3,565 Sq Ft Lot

Last Sold December 31, 2024

Last sale price $1,125,000 $440 Per Sq Ft

22 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • Property is in excellent condition

About This Home

As of December 2024

Back on the MARKET! PRIME investment opportunity boasting an impressive 10.5%+ CAP rate!!! Multi-family building in Washington, DC features 4 fully-occupied units, with a steady monthly income of $12,400. All units are rented through DCHA housing vouchers, ensuring consistent and reliable cash flow. This building not only delivers strong financial returns but also includes a dedicated on-site Super who efficiently handles maintenance and tenant concerns. Building layout is Two, 5 -bedroom units and Two, 2 bedroom units. Additional perks include convenient rear off-street parking and coin operated laundry room bringing in additional income. Don’t miss your chance to invest in this well-managed, high-yield asset in a vibrant SE DC.

Last Agent to Sell the Property

Anthony Howard

(703) 708-4019 anthony@ahowardrealestate.com Real Broker, LLC License #RS358919 Listed on: 08/24/2024

Real Broker, LLC

Last Buyer's Agent

Marlena McWilliams

(303) 263-9739 marlena@mascotti.com Keller Williams Capital Properties

Keller Williams Capital Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,506

Year Built

  • Built in 1942 | Remodeled in 2022

Lot Details

  • 3,565 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Parking

  • Alley Access
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, water, trash collection, pest control, management, insurance
  • Tax Lot 81
  • Assessor Parcel Number 5362//0081

Community Details

Overview

  • 4 Units
  • 2-Story Building

Building Details

  • Rent Control
  • Income includes laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,506

Year Built

Built in 1942 | Remodeled in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1942
  • Year Renovated: 2022
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Total Sq Ft: 3834
  • Living Area Sq Ft: 2556
  • Price Per Sq Ft: 467.53
  • Above Grade Finished Sq Ft: 2556
  • Below Grade Sq Ft: 1278
  • Total Below Grade Sq Ft: 1278
  • 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
  • Type Of Parking: Off Street, On Street, Alley, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3565.00
  • Property Condition: Very Good, Excellent, Good
  • Soil Types: Unknown
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Long Term, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Sewer, Water, Trash Collection, Pest Control, Management, Insurance
  • Rent Control: Yes
  • Total Actual Rent: 148800.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3506.00
  • Assessor Parcel Number: 5362//0081
  • Tax Lot: 81
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2024 12/31/24 Sold $1,125,000 -5.9% $440 / Sq Ft
11/19/2024 11/19/24 For Sale $1,195,000 0.0% $468 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $1,195,000 +71.0% $468 / Sq Ft
08/17/2018 08/17/18 Sold $699,000 0.0% $273 / Sq Ft View Prior Sale
07/20/2018 07/20/18 Pending -- -- --
07/07/2018 07/07/18 Price Changed $699,000 -6.8% $273 / Sq Ft
06/26/2018 06/26/18 For Sale $750,000 +167.9% $293 / Sq Ft
04/24/2017 04/24/17 Sold $279,950 0.0% $110 / Sq Ft View Prior Sale
03/29/2017 03/29/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $279,950 -- $110 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,708 $656,940 $147,380 $509,560
2024 $3,506 $614,310 $145,170 $469,140
2023 $3,211 $588,940 $140,920 $448,020
2022 $2,960 $535,430 $138,040 $397,390
2021 $2,709 $478,390 $135,970 $342,420
2020 $2,468 $443,670 $131,870 $311,800
2019 $2,887 $339,610 $130,620 $208,990
2018 $2,553 $300,410 $0 $0
2017 $2,303 $270,910 $0 $0
2016 $1,971 $231,890 $0 $0
2015 $1,859 $218,670 $0 $0
2014 $1,683 $197,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2154140

Bright MLS

APN: 5362 0081