UPDATED:
12/02/2024 02:07 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $760
Subdivision Dupont
MLS Listing ID DCDC2170444
Style Victorian
Abv Grd Liv Area 2,300
Originating Board BRIGHT
Year Built 1913
Annual Tax Amount $17,352
Tax Year 2023
Lot Size 1,000 Sqft
Acres 0.02
Property Description
Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments.
Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
Location
State DC
County Washington
Zoning R5B
Rooms
Basement Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms
Interior
Interior Features Combination Dining/Living, Air Filter System, Bathroom - Tub Shower, Bathroom - Walk-In Shower
Hot Water Electric
Heating Forced Air
Cooling Wall Unit
Fireplace N
Heat Source Electric
Exterior
Utilities Available Electric Available, Water Available, Natural Gas Available
Water Access N
View City
Accessibility 2+ Access Exits
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0069//0161
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
