1724 Capitol NE,WASHINGTON, DC 20002
WASHINGTON, DC 20002
Description
Rare fully-occupied 4-unit investment opportunity in DC's Brentwood corridor, minutes from Gallaudet University and Union Market. This solid brick building was built in 1937, all four units one-bedroom and individually metered for electric with their own heat pumps, keeping operating costs low and predictable for ownership. The flat roof was fully resurfaced in 2024, and a valid Certificate of Occupancy is on file. Additional features include a rear storage building with roll-up door, private decks, and a classic front porch. On-street parking. Currently producing $66,516 in gross annual rent at a 5.7% cap rate, with every unit priced below market and a confirmed comparable-sale ceiling of $1,687 per unit. Bringing rents to that level lifts gross income to roughly $80,976 a year and pushes the cap rate to approximately 7.3%, a documented upside path since three of the four tenancies are DC housing voucher-backed and increases run through the housing authority's established rent reasonableness process, meaning a substantial share of income is government-backed and stable. Full financial package, rent roll, and maintenance history available upon request. Also well suited to an owner-occupant buyer using this as a house hack, live in one unit and let the other three help carry the mortgage. Won't last at this basis.
Details
| MLS # | DCDC2282412 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1937 |
| Days On Site | 19 |
| Listing Provided By | Compass | Luis A Vivas |
Features
| SQ Feet | 3,216 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | RF-1 |
| Acreage | 0.07 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Slab |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7242 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20002 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20002) | |
Price: $875,000 low | high Med: $465,500 sqft: 3,216 low | high Med: 1,949 $ / sqft: $272 low | high Med: $239 On site: 19 low | high Med: 259 | |
Market Activity 20002
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20002 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in 20002) | |
Price: $875,000 low | high Med: $465,500 sqft: 3,216 low | high Med: 1,949 $ / sqft: $272 low | high Med: $239 On site: 19 low | high Med: 259 | |
