$950,000

Estimated payment $5,957/month

Total Views 7,485
-- Bed
-- Bath
3,272 Sq Ft
$290 Price per Sq Ft

Highlights

  • Federal Architecture
  • Hot Water Heating System
  • Level Lot

About This Home

This four-unit building offers an amazing development opportunity, a buy-and-hold opportunity, or fits the home hack investor looking to build equity as an owner-occupant. RA-2 zoning permits moderate and medium-density rowhouses and apartments. By right FAR of 1.8 + additional 0.4 FAR in a penthouse, building height of 50', and lot occupancy of 60% on the 4,214 sq ft lot. Buildings at 1010 and 1022 17th Street NE show the density potential of 10+ units. Currently arranged as a four-unit building, all 2 BR and 1 BA units. Fully tenanted, providing reliable rental income for cash flow. Looking to house hack? An owner-occupant can vacate one unit for easy move-in, offset expenses with rental income, and build equity fast.
The property boasts a history of strong occupancy and dependable cash flow, thanks to the high demand for rental units in the area. Close to the H St corridor and plentiful shopping options, including Hechinger Center and Aldi's. Jump on this opportunity to invest in a property with exceptional flexibility and long-term appeal.

Listing Agent

Ty Voles

Keller Williams Capital Properties License #643780

Keller Williams Capital Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,843

Year Built

  • Built in 1936

Lot Details

  • 4,212 Sq Ft Lot
  • Level Lot
  • Property is in average condition

Home Design

  • 3,272 Sq Ft Home
  • Quadruplex
  • Federal Architecture
  • Side-by-Side
  • Brick Exterior Construction
  • Slab Foundation

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • On-Street Parking

Schools

  • Browne Education Campus Elementary And Middle School
  • Eastern High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Underground Utilities
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 802
  • Assessor Parcel Number 4473//0802

Community Details

Overview

  • 4 Units
  • Building Winterized
  • Trinidad Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $63,720
  • Net Operating Income $48,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,843

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Side-By-Side, Unit/Flat, Federal
  • Ownership: Fee Simple
  • Exclusions: Please see disclosures.
  • Historic: No
  • Inclusions: Please see disclosures.
  • New Construction: No
  • Expected On Market: 2024-12-20
  • Year Built: 1936
  • Building Winterized: Yes
  • Remarks Public: This four-unit building offers an amazing development opportunity, a buy-and-hold opportunity, or fits the home hack investor looking to build equity as an owner-occupant. RA-2 zoning permits moderate and medium-density rowhouses and apartments. By right FAR of 1.8 + additional 0.4 FAR in a penthouse, building height of 50', and lot occupancy of 60% on the 4,214 sq ft lot. Buildings at 1010 and 1022 17th Street NE show the density potential of 10+ units. Currently arranged as a four-unit building, all 2 BR and 1 BA units. Fully tenanted, providing reliable rental income for cash flow. Looking to house hack? An owner-occupant can vacate one unit for easy move-in, offset expenses with rental income, and build equity fast. The property boasts a history of strong occupancy and dependable cash flow, thanks to the high demand for rental units in the area. Close to the H St corridor and plentiful shopping options, including Hechinger Center and Aldi's. Jump on this opportunity to invest in a property with exceptional flexibility and long-term appeal.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 3272
  • Living Area Sq Ft: 3272
  • Price Per Sq Ft: 290.34
  • Above Grade Finished Sq Ft: 3272
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1014

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Unknown
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street, Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Underground
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 229
  • Water Previous Twelve Months: 2748.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: BROWNE EDUCATION CAMPUS
  • Middle School: BROWNE EDUCATION CAMPUS
  • High School: EASTERN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140357950
  • School District Source: Listing Agent
  • Elementary School: BROWNE EDUCATION CAMPUS
  • High School: EASTERN
  • Middle Or Junior School: BROWNE EDUCATION CAMPUS

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4212.00
  • Property Condition: Average
  • Soil Types: Urban Land-Cristiana-Sunnysider
  • Year Assessed: 2024
  • Zoning: RA2
  • Zoning Description: The RA-2 zone provides for areas developed with predominantly moderate-density residential.
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Common Area Maintenance, Miscellaneous, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 63720.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7843.00
  • Assessor Parcel Number: 4473//0802
  • Tax Lot: 802
  • Tax Total Finished Sq Ft: 3272
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Gross Income: 63720.00
  • Gross Scheduled Income: 63720.00
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 4

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

Range of Values:

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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 Change Sq Ft Price
02/20/2025 02/20/25 For Sale $950,000 0.0% $290 / Sq Ft
02/20/2025 02/20/25 Off Market $950,000 -- --
12/19/2024 12/19/24 For Sale $950,000 -- $290 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2167280

Bright MLS

APN: 4473 0802