1719 WEST VIRGINIA AVE NE
Washington, DC 20002

Description:

1719 West Virginia Avenue NE is a 4-unit multifamily building located in the Northeast Washington, DC neighborhood of Trinidad. THE OPPORTUNITY 1719 West Virginia Avenue NE is a 3,100 square foot multifamily property comprised of four (4) one-bedroom plus den units. Since acquiring the property in 2017, the current owner has undertaken a significant program of capital improvements, reducing near-term maintenance exposure for a new buyer. Enhancements include: • Installation of synthetic wood flooring in all four units (back rooms) • All new kitchen cabinets installed throughout • Upgraded bathrooms with new sinks and vanities in each unit • New plumbing system throughout the building • New hot water heaters in all four units • New washers and dryers in three of the four apartments • Roof repairs (preventative maintenance completed) • Fence construction at the rear of the property providing privacy from the alley • Replacement of kitchen sink and faucet in one unit • Replacement of central A/C system in one unit These capital improvements complement the property’s strong physical fundamentals: each apartment offers in-unit washer/dryers, central A/C, individual hot water heaters, and dens that function as second bedrooms—broadening renter appeal to students and professionals alike. The building is currently 50% occupied, allowing an owner-occupant to reside in one unit while leasing the others, or an investor to stabilize the property as a fully leased, cash-flowing asset. The combination of modernized interiors, desirable layouts, and an attractive location proximate to Union Market, Gallaudet University, and Ivy City make 1719 West Virginia Avenue NE a compelling entry-level multifamily investment. INVESTMENT HIGHLIGHTS • TOPA Already Completed • Four (4) large one-bedroom + den units (functioning as 2BRs for many renters) • Separately metered for gas and electric; tenants pay utilities • In-unit washer/dryer, dishwashers, central A/C, and individual hot water heaters per unit • 50% occupied, ideal for owner-occupant or value-add investor • Rear yard with alleyway access, potential for off-street parking • Zoned RF-1, on a 3,098 square foot lot LOCATION The property benefits from a location at the nexus of Trinidad, Ivy City, and Union Market—submarkets that continue to see strong rental demand and redevelopment momentum. Residents enjoy convenient access to Union Market, one of DC’s premier dining and entertainment destinations, and Gallaudet University, a major institutional anchor. The property is also just minutes from the Hecht Warehouse District in Ivy City, a mixed-use hub featuring nationally recognized retailers such as Target, Petco, Planet Fitness, and MOM’s Organic Market, alongside popular dining and nightlife venues including Ivy City Smokehouse, Other Half Brewing, and Michelin-starred Gravitas. CONNECTIVITY 1719 West Virginia Avenue NE offers renters easy access in and out of the city via New York Avenue (Route 50) and Florida Avenue, with quick connections to downtown DC, Union Station, and major commuter routes. Multiple Metrobus lines run within walking distance, further enhancing accessibility.