1701 E ST NE Washington, DC 20002
8,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,088 sqft
Price per Sqft $327
MLS Listing ID DCDC2213692
Year Built 1936
Annual Tax Amount $7,567
Tax Year 2024
Lot Size 4,176 Sqft
Acres 0.1
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
apartment building in the thriving Rosedale neighborhood of Capitol Hill. Built in 2008 and offering approximately 8,088 rentable square feet on a prominent corner lot
with dedicated parking, this well-maintained asset provides investors immediate in-place income with upside potential through lease-up and market rent growth.
Each of the six spacious three-bedroom units averages 1,300 square feet and features separate metering, individual circuit panels, central air conditioning, water
heaters, and in-unit laundry. The building includes hardwood floors, double-pane windows, and dedicated parking for residents. The current annual income is over
$292,000 as a fully occupied building, representing an average market rent above $4,000 per unit per month.
This REO property is ideally positioned along the rapidly redeveloping H Street and Benning Road corridors. The location benefits from strong transit connections via
multiple bus lines and the H Street Trolley, with easy access across the city and a wide range of shopping and dining options. Notably, the asset is just minutes from the
site of the future Washington Commanders stadium at the old RFK Stadium grounds, which is expected to further catalyze redevelopment and enhance neighborhood
appeal.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Hardwood
Heat Source Electric
Exterior
Garage Spaces 6.0
Utilities Available Electric Available, Natural Gas Available
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 4546//0139
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Bank Owned/REO
