1515 Isherwood St NE Washington, DC 20002

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Structure Type: Interior Row/Townhouse
• Architectural Style: Traditional
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• Historic: No
• New Construction: No
• Year Built: 1937
• Year Renovated: 2019
• Automatically Close On Close Date: No
• Remarks Public: Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm. Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants. Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied! Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options. This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood. This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before. For more information and to schedule a showing, please contact the showing contact only!
• Special Features: 12

Interior Features

• Appliances: Oven/Range - Gas, Refrigerator
• Flooring Type: Ceramic Tile, Carpet, Vinyl
• Window Features: Double Hung, Insulated
• Fireplace: No
• Wall Ceiling Types: Plaster Walls, Dry Wall
• Foundation Details: Crawl Space
• Room Count: 6
• Basement: Yes
• Basement Type: Outside Entrance, Partial
• Total Sq Ft: 3366
• Living Area Sq Ft: 3270
• Price Per Sq Ft: 256.88
• Above Grade Finished Sq Ft: 3270
• Below Grade Sq Ft: 96
• Total Below Grade Sq Ft: 96
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1515

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick, Block
• Roof: Tar/Gravel
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Free
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s), Central A/C
• Heating Fuel: Natural Gas
• Heating Type: Hot Water
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

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

Lot Info

• Lot Features: Front Yard
• Lot Size Acres: 0.07
• Lot Size Units: Square Feet
• Lot Sq Ft: 3128.00
• Soil Types: Unknown
• Year Assessed: 2023
• Zoning: RF-1
• In City Limits: Yes

Rental Info

• Total Actual Rent: 63288.00
• Vacation Rental: No

Tax Info

• Tax Annual Amount: 13941.00
• Assessor Parcel Number: 4544//0177
• Tax Lot: 177
• Tax Total Finished Sq Ft: 3270
• County Tax Payment Frequency: Annually
• Tax Year: 2023

Multi Family

• Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

• School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS