Homes for sale - 2149 N ST NW, Washington, DC 20037

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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 2,300,000

Est. payment -/mo

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Active

2149 N ST NW Washington, DC 20037

3,024 SqFt

UPDATED:

12/06/2024 05:08 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $760

Subdivision Dupont

MLS Listing ID DCDC2170444

Style Victorian

Abv Grd Liv Area 2,300

Originating Board BRIGHT

Year Built 1913

Annual Tax Amount $18,093

Tax Year 2024

Lot Size 1,000 Sqft

Acres 0.02

Property Description

This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.

Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments.

Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.

Location

State DC

County Washington

Zoning R5B

Rooms

Basement Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms

Interior

Interior Features Combination Dining/Living, Air Filter System, Bathroom - Tub Shower, Bathroom - Walk-In Shower

Hot Water Electric

Heating Forced Air

Cooling Wall Unit

Fireplace N

Heat Source Electric

Exterior

Utilities Available Electric Available, Water Available, Natural Gas Available

Water Access N

View City

Accessibility 2+ Access Exits

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Architectural Style Victorian

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0069//0161

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Listed by Lorenzo M Wooten Jr. • Marcus & Millichap Real Estate

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