968 MOUNT OLIVET RD NE Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20002
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $374
Subdivision Ivy City
MLS Listing ID DCDC2174540
Style Other
Abv Grd Liv Area 1,680
Originating Board BRIGHT
Year Built 1951
Annual Tax Amount $898
Tax Year 1996
Lot Size 1,352 Sqft
Acres 0.03
Property Sub-Type Triplex
Property Description
968 Mount Olivet Rd NE presents a prime value-add opportunity in the heart of Ivy City, one of D.C.'s most rapidly evolving neighborhoods. This three-unit multifamily property offers three one-bedroom units totaling approximately 1,352 rentable square feet on a 0.03-acre parcel (Property Class Code 023).
Strategically located just minutes from Union Market, NoMa-Gallaudet, and Union Station, the property provides excellent access to public transportation and major commuter routes. With the Washington Commanders returning to a new stadium just 2.6 miles away, the surrounding area is poised for a surge in economic activity, infrastructure investment, and long-term appreciation, further enhancing the upside of this investment.
In a submarket with a median household income of $107,000 and a vacancy rate of just 3.33%, 968 Mount Olivet offers strong rental demand with the potential for increased cash flow through targeted improvements. Ideal for investors looking to renovate and capture growth in a thriving, centrally located corridor of Washington, D.C.
Location
State DC
County Washington
Zoning R4
Interior
Interior Features Window Treatments,Other
Hot Water Natural Gas
Heating Radiator
Cooling None
Equipment Oven/Range - Gas,Refrigerator
Fireplace N
Window Features Casement,Storm
Appliance Oven/Range - Gas,Refrigerator
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Metal
Accessibility Level Entry - Main
Garage N
Building
Lot Description Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4039//0809
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Other,Conventional,FHA,VA
Listing Terms Other,Conventional,FHA,VA
Financing Other,Conventional,FHA,VA
Special Listing Condition Standard