Washington DC Multi Family for Sale
$2,300,000
2149 N Street NW Washington, DC 20037
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.02 Acres
- Year built:
- 1913
- Baths:
- MLS#:
- DCDC2170444
- Subdivision:
- Dupont
ADDITIONAL INFORMATION
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 propertyâs proximity makes it an ideal investment for student housing, as well as for professionals drawn to the areaâs bustling cultural, diplomatic, and business environments. Dupont Circleâs rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhoodâs 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.
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Washington Real Estate
The median home value in Washington, DC is $644,900. This is higher than the county median home value of $640,500. The national median home value is $338,100. The average price of homes sold in Washington, DC is $644,900. Approximately 37.39% of Washington homes are owned, compared to 52.68% rented, while 9.93% are vacant. Washington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Washington real estate agent to arrange a tour today!
Washington, District of Columbia 20037 has a population of 683,154. Washington 20037 is more family-centric than the surrounding county with 26.44% of the households containing married families with children. The county average for households married with children is 24.14%.
The median household income in Washington, District of Columbia 20037 is $93,547. The median household income for the surrounding county is $93,547 compared to the national median of $69,021. The median age of people living in Washington 20037 is 34.3 years.
Washington Weather
The average high temperature in July is 88.5 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 43.3 inches per year, with 13.7 inches of snow per year.