$2,300,000

2149 N St NW Washington, DC 20037

Dupont Circle Neighborhood

Estimated payment $14,345/month

Total Views 11,087
-- Bed
-- Bath
3,024 Sq Ft
$761 Price per Sq Ft

Highlights

  • City View
  • Space For Rooms
  • Corner Lot
  • School Without Walls @ Francis-Stevens Rated A-
  • Victorian Architecture
  • 4-minute walk to Duke Ellington Park

About This Home

This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.

Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments.

Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.

Listing Agent

Lorenzo Wooten

Marcus & Millichap Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,093

Year Built

  • Built in 1913

Lot Details

  • 1,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction

Interior Spaces

  • Combination Dining and Living Room
  • City Views

Bedrooms and Bathrooms

  • Bathtub with Shower
  • Walk-in Shower

Improved Basement

  • Front and Rear Basement Entry
  • Space For Rooms
  • Natural lighting in basement

Parking

  • On-Street Parking
  • Rented or Permit Required

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Air Filtration System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number 0069//0161

Community Details

Overview

  • 4 Units
  • 4-Story Building
  • Building Winterized
  • Dupont Subdivision

Building Details

  • 4 Vacant Units
  • Operating Expense $47,872
  • Gross Income $208,428
  • Net Operating Income $154,067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,093

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1913
  • Building Winterized: Yes
  • Remarks Public: This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW. Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments. Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
  • Special Features: None

Interior Features

  • Interior Amenities: Combination Dining/Living, Air Filter System, Bathroom - Tub Shower, Bathroom - Walk-In Shower
  • Fireplace: No
  • Room Count: 8
  • Basement: Yes
  • Basement Type: Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms
  • Total Sq Ft: 3024
  • Living Area Sq Ft: 3024
  • Price Per Sq Ft: 1000.00
  • Above Grade Finished Sq Ft: 2300
  • Below Grade Finished Sq Ft: 724
  • Total Below Grade Sq Ft: 724
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2149

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Water Available, Natural Gas Available
  • Water Source: Public

Schools

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

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1000.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2024
  • Zoning: R5B
  • In City Limits: Yes

Rental Info

  • Total Actual Rent: 208428.00
  • Units Furnished: All
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 18093.00
  • Assessor Parcel Number: 0069//0161
  • Tax Lot: 161
  • Tax Data Updated: Yes
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 4
  • Gross Scheduled Income: 208428.00
  • Operating Expense: 47872.00

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
12/02/2024 12/02/24 For Sale $2,300,000 -- $761 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: DCDC2170444

Bright MLS

APN: 0069 0161

District of Columbia District of Columbia County Washington 20036 Dupont Circle

2149 N St NW, Washington, DC

Homes for Sale in Washington, DC

This home is located at 2149 N St NW, Washington, DC 20037 and is currently priced at $2,300,000, approximately $760 per square foot. This property was built in 1913. 2149 N St NW is a home located in District of Columbia with nearby schools including School Without Walls @ Francis-Stevens, Cardozo Education Campus, and Old Colony Montessori School.

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Lorenzo Wooten
Listing Agent
Lorenzo Wooten
Section Image
Marcus & Millichap Real Estate
(202) 731-1365