623 5th St NE,WASHINGTON, DC 20002
WASHINGTON, DC 20002
Description
Investor Alert! Rare opportunity to acquire a seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and compelling value-add potential. With a Net Operating Income of $195,650, this well-maintained property provides immediate cash flow with opportunities for future value enhancement. The property also includes a 1,500-square-foot carriage house, adding flexibility and further distinguishing this investment offering. Private outdoor space is another notable feature, with every residence offering at least one private outdoor area and most featuring two private balconies, a valuable amenity in an urban setting. Unit Breakdown:Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconiesUnit 2: 2 bedrooms, 2 bathrooms, 2 private balconiesUnit 3: 2 bedrooms, 2 bathrooms, 2 private balconiesUnit 4: 2 bedrooms, 2 bathrooms, 1 private balconyUnit 5: 1 bedroom, 1 bathroomUnit 6: 1 bedroom, 1 bathroom with a private covered porchUnit 7: Carriage house 2 bedrooms, 2.5 bathrooms, two levels, balcony Ideally located just minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property offers convenient access to restaurants, cafés, shopping, parks, cultural attractions, and major transportation. The combination of spacious residences, desirable private outdoor spaces, a premier Capitol Hill location, a detached carriage house, proven income, and clear upside potential makes this an exceptional investment opportunity. Photos may be virtually staged.
Details
| MLS # | DCDC2275936 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1912 |
| Days On Site | 40 |
| Listing Provided By | Keller Williams Realty | Greg S Schwartz |
Features
| SQ Feet | 7,825 |
|---|---|
| Story(s) | 4 |
| Zoning | R4 |
| Acreage | 0.08 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 15540 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20002 |
| Area | WASHINGTON DC |
| Community Name | OLD CITY #1 |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | LUDLOW-TAYLOR |
| High School | EASTERN |
| Listing VS Median (in OLD CITY #1) | |
Price: $2,900,000 low | high Med: $469,950 sqft: 7,825 low | high Med: 776 $ / sqft: $371 low | high Med: $606 On site: 40 low | high Med: 69.5 | |
Market Activity 20002
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20002 |
| Area | WASHINGTON DC |
| Community Name | OLD CITY #1 |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | LUDLOW-TAYLOR |
| High School | EASTERN |
| Listing VS Median (in OLD CITY #1) | |
Price: $2,900,000 low | high Med: $469,950 sqft: 7,825 low | high Med: 776 $ / sqft: $371 low | high Med: $606 On site: 40 low | high Med: 69.5 | |
 | $2,900,000623 5th St NeWashington, DC 20002 |