55 P St NW Washington, DC 20001
Truxton Circle NeighborhoodEstimated payment $4,558/month
Total Views
16,803
3
Beds
3
Baths
1,272
Sq Ft
$544
Price per Sq Ft
Highlights
- Newly Remodeled
- No HOA
- Hot Water Heating System
- Colonial Architecture
- Balcony
- 4-minute walk to Florida Ave Playground
About This Home
Investor’s Dream – Prime Development Opportunity in Truxton Circle!
Unlock the potential of this classic two-level rowhouse in the sought-after RF-1 zoned district, offering significant value-add potential in one of Washington, D.C.'s fastest-growing neighborhoods. Whether you're looking for a fix-and-flip project, a buy-and-hold rental investment, or an expansion opportunity, this property is brimming with possibilities.
Key Features:
3 Bedrooms | 1 Bath – A well-laid-out floor plan with ample space to reconfigure or modernize.
RF-1 Zoning – Potential for conversion into a multi-unit property, maximizing rental income or resale value.
Bright and Spacious Layout – Large windows fill the living spaces with natural light, highlighting the home's charm and historic character.
Separate Dining Room & Living Area – Ideal for redesigning into an open-concept space or keeping the classic structure.
Deep Backyard – Provides off-street parking potential or space for an addition/expansion.
Investor Advantages:
High Appreciation Area – Truxton Circle continues to see strong appreciation, fueled by its proximity to downtown D.C., Union Market, and major transit hubs.
Minutes to Union Station & the Capitol – Perfect for attracting high-income renters or professionals seeking prime access to D.C.'s core.
Strong Rental Demand – With D.C.'s robust rental market, a renovated version of this home could command premium rental rates.
Opportunity to Build Equity Quickly – Ideal for investors looking to renovate and resell, as surrounding renovated homes have sold for significantly higher prices.
Comparable Homes in the Area:
Recently renovated rowhouses with similar layouts have sold for over $900K, highlighting the profit potential for a well-executed renovation.
Rental properties in the area are leasing for $3,500+ per month, making this an attractive buy-and-hold opportunity.
With the right vision and updates, this property can be transformed into a high-value asset—whether you’re planning a full-scale renovation for resale or creating a long-term rental investment.
?? Don’t miss out on this lucrative opportunity! Schedule your showing today and bring your contractor or architect to explore the possibilities.
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1924 | Newly Remodeled
Lot Details
- 1,600 Sq Ft Lot
- Property is in excellent condition
Home Design
- Colonial Architecture
- Transitional Architecture
- Bump-Outs
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 1,272 Sq Ft Home
- Property has 2 Levels
- Crawl Space
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Parking
- Alley Access
- On-Street Parking
Outdoor Features
- Balcony
Schools
- Dunbar Senior High School
Utilities
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 163
- Assessor Parcel Number 0615//0163
Community Details
Overview
- No Home Owners Association
- Truxton Circle Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
Map
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Home Values in the Area
Average Home Value in this Area
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 | $34,769 | $695,370 | $486,370 | $209,000 |
| 2023 | $5,842 | $687,280 | $480,590 | $206,690 |
| 2022 | $5,513 | $648,640 | $455,230 | $193,410 |
| 2021 | $5,420 | $637,590 | $450,740 | $186,850 |
| 2020 | $31,229 | $624,580 | $443,710 | $180,870 |
| 2019 | $5,031 | $591,910 | $422,660 | $169,250 |
| 2018 | $4,885 | $574,740 | $0 | $0 |
| 2017 | $4,472 | $526,150 | $0 | $0 |
| 2016 | $3,912 | $460,220 | $0 | $0 |
| 2015 | $3,243 | $381,470 | $0 | $0 |
| 2014 | $2,761 | $324,850 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/26/2024 12/26/24 | For Sale | $692,500 | +15.4% | $544 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | $600,000 | -2.4% | $472 / Sq Ft |
| 04/16/2021 04/16/21 | Price Changed | $615,000 | +2.5% | $483 / Sq Ft |
| 04/15/2021 04/15/21 | Pending | -- | -- | -- |
| 12/31/2020 12/31/20 | Off Market | $600,000 | -- | -- |
| 11/29/2020 11/29/20 | Price Changed | $630,000 | -13.1% | $495 / Sq Ft |
| 10/25/2020 10/25/20 | For Sale | $725,000 | -- | $570 / Sq Ft |
Source: Bright MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $737,356 | Commercial |
Source: Public Records
Similar Homes in Washington, DC
Source: Bright MLS
MLS Number: DCDC2172378
APN: 0615-0163
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