$1,850,000
SOLD JAN 7, 2025
-- Bed
-- Bath
2,900 Sq Ft
900 Sq Ft Lot

Recently Sold

$638 Per Sq Ft

7% Below List Price

26 Days on Market

Highlights

  • Victorian Architecture
  • 1 Fireplace
  • Hot Water Heating System
  • School Without Walls @ Francis-Stevens Rated A-
  • Central Air
  • 4-minute walk to Dupont Circle

About This Home

As of January 2025

Prime location 4-unit rental in excellent condition and just 2 blocks from Dupont Circle in Northwest Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Configured into four 1BR/1.5BAs, the building features 2,885 sf of RA-2/DC zoning. At present, 3 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. Unit 1 is under a yearly lease. Units 2 and 4 are currently vacant for showings. Depending on when settlement takes place, units occupied under the current short term model will be allowed to sunset with the new landlord deciding thereafter how and at what rate to rent. Originally built in 1914, it was fully renovated in 2014. The units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs. Each unit has an extra half bath off of the living areas. The kitchens have plenty of counter and storage space and nearby pantries. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps. The units are separately metered. Electrical and building systems were upgraded in the recent total renovation. The front entry is grand with wood and glass french doors topped with a glass transom. Unit 1 has its own front and rear entrance and includes a private rear bluestone patio outdoor space. Unit 2 has tall ceilings, its own fireplace and a bay window. Unit 3 has the same layout with a full width living room. Unit 4 is a top floor penthouse with great light, a large bedroom. *** Close to Dupont Circle, red line metro, bus lines, grocery stores, bars, restaurants, yoga and fitness studios, downtown DC and more. Georgetown and Foggy Bottom are all walkable. 95 Walk Score ***

Last Agent to Sell the Property

Phil Di Ruggiero

Engel & Völkers Washington, DC

Engel & Völkers Washington, DC

Co-Listed By

Nic Makris

Engel & Völkers Washington, DC License #SP200205410

Last Buyer's Agent

Margie Halem

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,475

Year Built

  • Built in 1914 | Remodeled in 2014

Lot Details

  • 900 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 1 Fireplace

Schools

  • Wilson Senior High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 166
  • Assessor Parcel Number 0069//0166

Community Details

Overview

  • 4 Units

Building Details

  • 2 Vacant Units
  • Net Operating Income $97,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,475

Year Built

Built in 1914 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-08-16
  • Year Built: 1914
  • Year Renovated: 2014
  • Automatically Close On Close Date: No
  • Remarks Public: Prime location 4-unit rental in excellent condition and just 2 blocks from Dupont Circle in Northwest Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Configured into four 1BR/1.5BAs, the building features 2,885 sf of RA-2/DC zoning. At present, 3 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. Unit 1 is under a yearly lease. Units 2 and 4 are currently vacant for showings. Depending on when settlement takes place, units occupied under the current short term model will be allowed to sunset with the new landlord deciding thereafter how and at what rate to rent. Originally built in 1914, it was fully renovated in 2014. The units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs. Each unit has an extra half bath off of the living areas. The kitchens have plenty of counter and storage space and nearby pantries. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps. The units are separately metered. Electrical and building systems were upgraded in the recent total renovation. The front entry is grand with wood and glass french doors topped with a glass transom. Unit 1 has its own front and rear entrance and includes a private rear bluestone patio outdoor space. Unit 2 has tall ceilings, its own fireplace and a bay window. Unit 3 has the same layout with a full width living room. Unit 4 is a top floor penthouse with great light, a large bedroom. *** Close to Dupont Circle, red line metro, bus lines, grocery stores, bars, restaurants, yoga and fitness studios, downtown DC and more. Georgetown and Foggy Bottom are all walkable. 95 Walk Score ***
  • Special Features: VirtualTour

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Stone
  • Total Sq Ft: 2900
  • Living Area Sq Ft: 2900
  • Price Per Sq Ft: 921.90
  • Above Grade Finished Sq Ft: 2164
  • Below Grade Finished Sq Ft: 736
  • Total Below Grade Sq Ft: 736
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2106

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • High School: WILSON SENIOR
  • High School Source: 3rd Party
  • School District Key: 121140357950
  • School District Source: 3rd Party
  • High School: WILSON SENIOR

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 900.00
  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2023
  • Zoning: RA-2/DC
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Units Furnished: Some
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 13475.00
  • Assessor Parcel Number: 0069//0166
  • Tax Lot: 166
  • Tax Total Finished Sq Ft: 2900
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 01/07/2025

Multi Family

  • Number Of Units Vacant: 2

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
01/07/2025 01/07/25 Sold $1,850,000 -7.3% $638 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $1,995,000 -- $688 / Sq Ft
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,694 $1,611,070 $699,150 $911,920
2023 $13,475 $1,585,330 $697,030 $888,300
2022 $13,335 $1,568,850 $690,020 $878,830
2021 $13,164 $1,548,680 $686,580 $862,100
2020 $12,932 $1,521,380 $690,260 $831,120
2019 $12,888 $1,516,210 $675,550 $840,660
2018 $12,447 $1,464,330 $0 $0
2017 $11,877 $1,397,260 $0 $0
2016 $11,519 $1,355,150 $0 $0
2015 $10,585 $1,245,320 $0 $0
2014 -- $1,153,070 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $130,000 Credit Line Revolving
Previous Owner $405,000 Commercial
Previous Owner $250,000 Credit Line Revolving
Previous Owner $560,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed $1,850,000 Paragon Title
Deed $1,850,000 Paragon Title
Deed -- --
Deed $700,000 --
Source: Public Records

Source: Bright MLS

MLS Number: DCDC2154402

Bright MLS

APN: 0069-0166