NOT LISTED FOR SALE

Estimated Value: $1,101,000 - $1,134,652

-- Bed
4 Baths
4,134 Sq Ft
$270/Sq Ft Est. Value

Last Sold January 09, 2025

Last sale price $1,129,000 $273 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,022/month

14 Days on Market

About This Home

As of January 2025

ATTENTION INVESTORS!!!! Here is your opportunity to invest in the path of development with an established and secure rent base in prime DC location. This four unit apartment building represents an opportunity to create meaningful cash flow or live in one unit and rent the others to build financial wealth. Unit 1 - one bedroom rented for $1,550/month. Unit 2 -two bedroom rented for $1,887. Unit 3- Two bedrooms (vacant) previously rented for $2,300/month. unit 4- two bedroom rented for $2,150/month. Total projected annual revenue of $94,644 with plenty of upside on rents, parking and laundry fees and value add opportunity. All units are individually metered and have their own water heater and hvac systems. 4 unit not subject to rent control if you don't own other DC properties.

Last Listed By

Scott Sachs

Compass Listed on: 11/27/2024

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,633

Year Built

  • Built in 1927 | Remodeled in 2008

Lot Details

  • 2,826 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 4,134 Sq Ft Home
  • Window Treatments

Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Parking

  • Off-Site Parking
  • 2 Assigned Parking Spaces

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 142
  • Assessor Parcel Number 2884//0142

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,633

Year Built

Built in 1927 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Year Renovated: 2008
  • Automatically Close On Close Date: No
  • Remarks Public: ATTENTION INVESTORS!!!! Here is your opportunity to invest in the path of development with an established and secure rent base in prime DC location. This four unit apartment building represents an opportunity to create meaningful cash flow or live in one unit and rent the others to build financial wealth. Unit 1 - one bedroom rented for $1,550/month. Unit 2 -two bedroom rented for $1,887. Unit 3- Two bedrooms (vacant) previously rented for $2,300/month. unit 4- two bedroom rented for $2,150/month. Total projected annual revenue of $94,644 with plenty of upside on rents, parking and laundry fees and value add opportunity. All units are individually metered and have their own water heater and hvac systems. 4 unit not subject to rent control if you don't own other DC properties.
  • Special Features: None

Interior Features

  • Interior Amenities: Window Treatments
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Walkout Level
  • Total Sq Ft: 4134
  • Living Area Sq Ft: 4134
  • Price Per Sq Ft: 277.94
  • Above Grade Finished Sq Ft: 4134
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 717

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Site

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 Septic, Public Sewer
  • Water Source: Public

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2826.00
  • Soil Types: Unknown
  • Year Assessed: 2012
  • Zoning: R18
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9633.00
  • Assessor Parcel Number: 2884//0142
  • Tax Lot: 142
  • Tax Year: 2023
  • Close Date: 01/09/2025

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Jan 9, 2025
Sold by
Thambi Lopa and Thambi Paul M
Bought by
Chung Adam
Seller's Agent
Scott Sachs
Compass
Buyer's Agent
Cassidy Burns
EXP Realty, LLC
List Price
$1,149,000
Sold Price
$1,129,000
Premium/Discount to List
-$20,000
-1.74%
Total Days on Market
14
Views
12
Current Estimated Value
$1,117,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,174
Avg. Annual Appreciation
-3.06%
Original Mortgage
$903,200
Outstanding Balance
$900,826
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$217,000

Purchase Details

Listed on
Apr 19, 2013
Closed on
Jul 17, 2013
Sold by
Boulew Elaias
Bought by
Thambi Paul M
Seller's Agent
Konjit Arega
Long & Foster Real Estate, Inc.
Buyer's Agent
Scott Sachs
Compass
List Price
$725,000
Sold Price
$725,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$543,750
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 1995
Sold by
Marine Midland Bank
Bought by
Hofame Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
9.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 1995
Sold by
Hofame Inc
Bought by
Agega Konjit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
9.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 1994
Sold by
Scott Henry W
Bought by
Marine Midland Bank

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Chung Adam $1,129,000 Old Republic National Title
Thambi Paul M $725,000 --
Hofame Inc $75,500 --
Agega Konjit $83,174 --
Marine Midland Bank $38,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chung Adam $903,200
Previous Owner Thambi Paul M $483,000
Previous Owner Thambi Paul M $543,750
Previous Owner Arega Konjit $275,000
Previous Owner Agega Konjit $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $1,129,000 -1.7% $273 / Sq Ft
11/27/2024 11/27/24 For Sale $1,149,000 0.0% $278 / Sq Ft
03/13/2021 03/13/21 Rented $1,695 0.0% --
03/13/2021 03/13/21 For Rent $1,695 0.0% --
07/30/2013 07/30/13 Sold $725,000 0.0% $263 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
04/19/2013 04/19/13 For Sale $725,000 -- $263 / 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
2024 $9,899 $1,164,630 $628,470 $536,160
2023 $9,633 $1,133,240 $611,460 $521,780
2022 $9,424 $1,108,750 $612,680 $496,070
2021 $9,199 $1,082,260 $600,610 $481,650
2020 $8,641 $1,016,620 $567,880 $448,740
2019 $8,292 $975,580 $539,370 $436,210
2018 $7,792 $916,720 $0 $0
2017 $7,653 $900,360 $0 $0
2016 $7,254 $853,390 $0 $0
2015 $6,343 $746,290 $0 $0
2014 $4,743 $558,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2169808

Bright MLS

APN: 2884-0142