Washington, DC 20002,646 ORLEANS PL NE
Washington, DC 20002,646 ORLEANS PL NE
Washington, DC 20002,646 ORLEANS PL NE
Washington, DC 20002,646 ORLEANS PL NE
Washington, DC 20002,646 ORLEANS PL NE
Washington, DC 20002,646 ORLEANS PL NE
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$1,050,000

$1,049,900

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Bright MLS (BMLS)
Listed by Greylin L Thomas Jr. • Compass
Bought with Abel M Gebremichael • Keller Williams Capital Properties
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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