968 Mount Olivet Rd NE Washington, DC 20002

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Accessibility Features: Level Entry - Main
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1951
• Remarks Public: 968 Mount Olivet Rd NE is a prime investment opportunity in the Ivy City neighborhood of Washington, D.C. This three-unit multifamily building is situated on a 0.0300-acre parcel and is classified under Property Class Code 023. It offers three one-bedroom units with approximately 1,352 rentable square feet. The property's strategic location provides excellent accessibility. It is just one block from the Mt. Vermin Sq 7th St—Convention Center Metro Station (Green/Line) and a short distance from NoMa-Gallaudet and the bustling retail areas around Union Station. This makes it highly attractive for tenants seeking convenience and connectivity. The Ivy City submarket is known for its desirability. With a median household income of $107,000 and a low vacancy rate of 3.33%, these factors, combined with the property's central location, strong occupancy, and potential for value-added improvements, make 968 Mount Olivet Rd NE a compelling investment in a thriving rental market.
• Special Features: None

Interior Features

• Appliances: Oven/Range - Gas, Refrigerator
• Interior Amenities: Window Treatments
• Window Features: Casement, Storm
• Fireplace: No
• Basement: No
• Total Sq Ft: 1680
• Living Area Sq Ft: 1680
• Price Per Sq Ft: 375.00
• Above Grade Finished Sq Ft: 1680
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 968

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Brick
• Exterior Features: Fire Escape
• Roof: Metal
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: Off Street

Utilities

• Central Air Conditioning: No
• Heating Fuel: Natural Gas
• Heating Type: Radiator
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public

Schools

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

Lot Info

• Lot Size Acres: 0.03
• Lot Size Units: Square Feet
• Lot Sq Ft: 1352.00
• Soil Types: Urban Land-Sassafras-Chillum
• Year Assessed: 1996
• Zoning: R4
• In City Limits: Yes

Rental Info

• Existing Lease Type: Month To Month
• Owner Pays: Water
• Rent Control: Yes
• Units Leased Count: 2
• Vacation Rental: No

Tax Info

• Tax Annual Amount: 898.00
• Assessor Parcel Number: 4039//0809
• Tax Lot: 0809
• Tax Year: 1996

Multi Family

• Income Includes: Apartment Rentals, Concessions
• Single Room Units Count: 3
• Vacancy Allowance Rate: 3.33

MLS Schools

• School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS