1,942 SqFt
1,942 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,942 sqft
Price per Sqft $507
Subdivision Shaw
MLS Listing ID DCDC2276712
Style Traditional
Abv Grd Liv Area 1,942
Year Built 1920
Annual Tax Amount $8,236
Tax Year 2026
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
This asset has undergone substantial renovations, including modernized interiors and upgraded building systems, reducing near-term capital expenditure risk and providing immediate operational stability.? From a financial standpoint, the property delivers an attractive CAP rate of 7.00%,
This two-unit building also present an exceptional opportunity for owner-occupants seeking to offset housing costs through rental income.? FHA financing is available for qualified buyers.? In Washington, D.?C.?, the 2026 FHA loan limit for a four-unit property is approximately $2.4 million, allowing buyers to acquire this asset with low down payment requirements while benefiting from market-rate rents.?
With close proximity to Howard University, this opportunity is also well-suited for parents purchasing housing for a student while renting the remaining units to fellow students or young professionals.? This strategy enables parents to convert housing expenses into a long-term investment, offset ownership costs through rental income, and retain a highly marketable asset upon graduation.? The unit layouts, neighborhood amenities, and transit access align well with student and early-career renter demand, making this a compelling alternative to traditional student housing or condominium ownership.
Location
State DC
County Washington
Zoning RA
Interior
Hot Water Multi-tank
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Heat Source Electric
Exterior
Utilities Available Water Available, Sewer Available
Water Access N
Roof Type Architectural Shingle
Accessibility None
Garage N
Private Pool No
Building
Unit Features Garden 1 - 4 Floors
Foundation Slab
Above Ground Finished SqFt 1942
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Senior Community No
Tax ID 0416//2002
Ownership Fee Simple
SqFt Source 1942
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS