5,227 Sqft Lot
5,227 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2263184
Year Built 1965
Annual Tax Amount $10,680
Tax Year 2026
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The property has been well maintained by current ownership and professional third-party management, which should result in minimal deferred maintenance for a prospective purchaser. While many units have been updated historically, a new owner may still have the opportunity to implement fresher interior renovations to further enhance rental income over time. Three apartments have had HVAC units replaced in the past 6 years, and the central water heater to the building was replaced in 2022.
The property benefits from a partially tenant-paid utility structure. Each unit is separately metered for electric, which is paid directly by tenants and includes central A/C operation, limiting exposure to rising electricity costs. The landlord is responsible for gas and water/sewer expenses, providing a balanced but partially exposed utility arrangement. The property also sits on a 5,000+ square foot lot with rear alley access and tenant parking, providing an attractive amenity and potential supplemental income opportunity. Located just 0.3 miles from the Columbia Heights Metro Station and within walking distance of the Mt. Pleasant retail corridor, Rock Creek Park, Smithsonian National Zoological Park, and Adams Morgan, the property offers residents convenient access to some of Washington, DC's most desirable neighborhood amenities. Additionally, four of the seven units feature functional outdoor patio space, a sought-after feature that enhances tenant appeal relative to comparable apartment offerings in the market.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2588-0000-0223
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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