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Washington, DC 20002 1701 E Street NE

$2,960,000

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Presented By: Berkshire Hathaway HomeServices PenFed Realty
  • MLS# DCDC2171758
  • 12/13/2024
  • Request Tour
  • Request Info
  • SQFT • 8,088

Home Details

STUNNING NEW PRICE | Welcome to 1701 E Street NE, a unique investment opportunity in a rarely available turn-key 6-Unit 8088 SF Building on Corner Lot with Parking and Strong Cash-flow. Total annual income just over $291K ($24K + monthly), average unit income just over $4049 / month, utilities currently included. Ideal to complete 1031 exchange transactions, TOPA is cleared and a quick closing is possible. Each separately metered unit has an independent circuit panel, CAC, HWH, Laundry and Parking. Relatively new construction (2008) with more recent updates, hardwood floors and double pane windows. Located in the popular Rosedale neighborhood of Capitol Hill along the bustling H Street and Benning Road development corridors. Walk to Rosedale Recreation Center, Pool and Library, Safeway, CVS, Ross, with many shopping and dining options nearby. Bus Lines and Trolley to Locations across the City, Near Future Hechinger Mall & RFK Stadium Development! 86 WALKSCORE, 99 BIKESCORE. Offers encouraged. Contact us for more information, submit your LOI here today.
Presented By: Berkshire Hathaway HomeServices PenFed Realty

Interior Features for 1701 E Street NE

Bathrooms

Total Restrooms9

Other Interior Features

Central Air Y/NYes
FlooringHardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Number of Elevators
Total Stories3

Other Rooms

Entry Level1

General for 1701 E Street NE

Acceptable FinancingCash, Private, FHA, Seller Financing
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
Cap Rate6.54
CityWASHINGTON
Construction MaterialsBrick, Frame, Masonry
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
DirectionsBenning to South on 17th St to E Street
DisclosuresLead Based Paint - Federal, Lead Based Paint - State
Electric200+ Amp Service
Gross Income291552.00
HeatingCentral
Historic Y/NNo
Lease Considered Y/NNo
Legal SubdivisionOld City 1
Lot Size Square Feet4176.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-05-07T20:48:03
Net Operating Income224052.00
New ConstructionNo
Number Of Units Total6
OwnerPaysAll Utilities
OwnershipFee Simple
PossessionSettlement, Subject to Existing Lease
Possible UseApartment Building, Apartments
Price Per Sq Ft Total AG365.97
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameKINGMAN PARK
Tax Annual Amount7567.0
Tax Assessed Value935840.0
Tax Lot139
Tax Year2024
Total Actual Rent291552.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Year Built2008
Year Built SourceEstimated
ZoningRF-1

Exterior for 1701 E Street NE

Building Area Total8088.00
Car Parking Spaces6
Foundation DetailsCrawl Space
Gulf-FrontNo
Land Assessed Value577250.00
Land Use Code
Lot Size Acres0.10
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPrivate, Surface
Soil TypesUrban Land-Sassafras-Chillum
Total Loading Docks0
Total Parking Spaces6
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Gabrielle Banks

Price $2,960,000
MLS#DCDC2171758
List Date 12/13/2024
Property Type Commercial
Phone (240) 305-0678
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