623 5TH ST NE, Washington, DC 20002
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Listed by Debbie Reynolds • Keller Williams Realty
$ 2,900,000
Est. payment | /mo

7,825 SqFt


Save
$ 2,900,000
Est. payment | /mo
Save

7,825 SqFt

Key Details

Property Type Single Family Home

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 7,825 sqft

Price per Sqft $370

Subdivision Old City #1

MLS Listing ID DCDC2275936

Style Colonial

HOA Y/N N

Abv Grd Liv Area 7,825

Year Built 1912

Available Date 2026-08-12

Annual Tax Amount $15,540

Tax Year 2026

Lot Size 3,552 Sqft

Acres 0.08

Source BRIGHT

Property Description

Investor Alert! Rare opportunity to acquire a large seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and significant value-add potential. With a Net Operating Income of $195,650, this well-maintained property delivers immediate cash flow while providing ample opportunity for a new owner to increase value and maximize future returns. The property also includes a 1,500-square-foot carriage house, adding flexibility and enhancing the overall appeal of this unique investment.
One of the property's standout features is its abundance of private outdoor space. Every residence includes at least one private outdoor area, while most offer two private balconies, an increasingly sought-after amenity in urban living.

Unit Breakdown:
Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies
Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies
Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies
Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony
Unit 5: 1 bedroom, 1 bathroom
Unit 6: 1 bedroom, 1 bathroom with a private covered porch
Unit 7: Carriage house 2 bedrooms, 2.5 bathrooms, two levels, balcony

Ideally located just minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property offers convenient access to restaurants, cafés, shopping, parks, cultural attractions, and major transportation. The combination of spacious residences, desirable private outdoor spaces, a premier Capitol Hill location, a detached carriage house, proven income, and clear upside potential makes this an exceptional investment opportunity. Photos may be virtually staged.

Location

State DC

County Washington

Zoning R4

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Story 4

Foundation Other

Above Ground Finished SqFt 7825

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 4

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Ludlow-Taylor

Middle Schools Stuart-Hobson

High Schools Eastern

School District District Of Columbia Public Schools

Others

Senior Community No

Tax ID 0834//0800

Ownership Fee Simple

SqFt Source 7825

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Hagan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 424-2601

info@haganrealty.com

20251 Century Blvd Suite 125, Germantown, MD, 20874

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623 5TH ST NE