$1,050,000
$1,049,900
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1,796 SqFt
SOLD DATE : 07/17/2023
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,796 sqft
Price per Sqft $584
Subdivision Noma
MLS Listing ID DCDC2100114
Sold Date 07/17/23
Style Other,Federal,Traditional
Abv Grd Liv Area 1,796
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $5,777
Tax Year 2023
Lot Size 1,154 Sqft
Acres 0.03
Property Description
Welcome to 646 Orleans Place NE, a fantastic opportunity to own a stunning two-unit building in NOMA, a highly sought after neighborhood of Washington, DC. This well-maintained property is situated on a one-way street, and offers a versatile layout making it an excellent investment opportunity or a perfect home with rental income. Don't miss out on this remarkable chance to own a piece of DC real estate!
Enjoy the convenience of being just seconds away from vibrant city life while still residing in a tranquil residential area. With easy access to major highways, public transportation, and a variety of amenities, this location is ideal for those seeking a balanced urban lifestyle.
Property Highlights:
Two-Unit Building: This property consists of two units with separate entrances and separately metered, there is no common area to maintain, offering the flexibility to live in one unit and rent out the other or utilize both as income-generating investments.
Impressive Income: The current ACTUAL income generated by both units is $80,928/year, delivering a cap rate of 6.8%.
Well-Maintained: The building has been meticulously cared for by the owner and their excellent tenants.
Spacious Interiors: Each unit features generous spaces with ample natural light, allowing for comfortable living.
Modern Amenities: Enjoy the convenience of updated kitchens, bathrooms, and modern fixtures throughout, providing a contemporary and stylish living experience.
Outdoor Space: The property includes three outdoor spaces; a charming rear ground level deck, 2nd story deck ideal for cooking out or outdoor gatherings, and brick paved front porch area perfect for chats with neighbors or admiring the majestic oaks which line the quiet one-way street.
Convenient street parking is available, providing ease and peace of mind for residents and their guests.
Located in the unique and vibrant community of NOMA, Washington, DC, this property offers an abundance of nearby amenities. Discover a wide array of restaurants, cafes, boutiques, and entertainment options within walking distance. Explore the nearby parks, green spaces, and recreational facilities for outdoor activities and relaxation. With the rich history, cultural attractions, and renowned landmarks of the nation's capital just a short distance away, there's always something new to explore and experience.
With its attractive location and two-unit setup, this property presents an excellent investment opportunity. Unit A is a 2 bedroom 1 bath and Unit B is a 3 bedroom 1 bath. Rent out both units to maximize rental income or occupy one unit and rent out the other to supplement your mortgage payments. The versatility of this building and extremely low maintenance costs and make it a smart choice for investors and homeowners alike.
Don't miss your chance to own this exceptional two-unit building in Washington, DC. Contact us today to schedule a viewing and seize this incredible opportunity.
Location
State DC
County Washington
Zoning 023
Interior
Interior Features Floor Plan - Traditional, Kitchen - Galley, Tub Shower, Window Treatments
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Ceramic Tile, Engineered Wood, Other
Fireplaces Number 1
Equipment Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer/Dryer Stacked, Water Heater
Fireplace Y
Appliance Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer/Dryer Stacked, Water Heater
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s), Brick, Patio(s)
Utilities Available Cable TV Available, Natural Gas Available, Other
Waterfront N
Water Access N
View Street
Roof Type Flat
Accessibility None
Porch Deck(s), Brick, Patio(s)
Parking Type On Street
Garage N
Building
Lot Description Rear Yard, Level
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Other, Federal, Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0855//0256
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock,Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Financing Cash,Conventional,FHA,Other
Special Listing Condition Standard
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Bought with Abel M Gebremichael • Keller Williams Capital Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "