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2149 N STREET
Washington, DC 20037
Quick Facts
- Area:3024sq ft
- Style:Victorian
- Year Built:1913
- Lot Size:0.02 acres
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.
| Status | Active |
| Added to RealtyWatch | December 2, 2024 - 22 days ago |
| Listing Office | Marcus & Millichap Real Estate, Lorenzo M Wooten Jr. |
| MLS ID | DCDC2170444 |
Schedule a Showing
Interior
- General: Combination Dining/Living,Air Filter System,Bathroom - Tub Shower,Bathroom - Walk-In Shower
- Basement: Daylight, Full,Front Entrance,Improved,Outside Entrance,Rear Entrance,Space For Rooms
- A/C: Wall Unit
- Heating: Y, Forced Air, Electric
- Disability Feature: 2+ Access Exits
Exterior
- General: Above Grade,Below Grade
- Style: Victorian
- Parking: Rented/Permit Required
Construction
- General: Brick
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON
Lot
- Zoning: R5B, 0069//0161
- View: City
- Current Use: 0
Utilities
- Utilities: Electric Available,Water Available,Natural Gas Available
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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