Washington, DC 20002,535 3RD ST NE
Washington, DC 20002,535 3RD ST NE
Washington, DC 20002,535 3RD ST NE
Washington, DC 20002,535 3RD ST NE
Washington, DC 20002,535 3RD ST NE
Washington, DC 20002,535 3RD ST NE
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$919,000

$899,999

2.1%
Est.Price: ?

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Est. payment /mo

1,560 SqFt


SOLD DATE : 10/18/2024

Key Details

Sold Price $919,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $589

Subdivision Old City #1

MLS Listing ID DCDC2154202

Sold Date 10/18/24

Style Traditional

Abv Grd Liv Area 1,560

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $7,740

Tax Year 2023

Lot Size 825 Sqft

Acres 0.02

Property Description

Unlock the potential of city living with this 3-unit rowhouse, perfectly situated in the heart of Washington DC, just 2 blocks from Union Station. This unique property offers two 1-bedroom units and one studio unit, all fully vacant and ready for your vision. Whether you're an enterprising first-time homebuyer or an investor, this home presents a rare opportunity to create a profitable, cash-flowing asset.

Live in one unit and legally operate short-term rentals in the other two, maximizing your income through platforms like Airbnb or VRBO. This prime location—just 7 blocks from the US Capitol and 4 blocks from the Hart Senate Office Building—makes it a magnet for short-term renters seeking the convenience of a walkable neighborhood filled with fantastic restaurants, grocery stores, and cafes. Imagine your tenants enjoying their morning coffee at the charming Union Kitchen bodega, right across the street.

With tree-lined streets and a vibrant community, this rowhouse is livable as-is but offers tremendous potential for updates to significantly increase rental income. A lovely deck in the back adds to the appeal, providing a perfect spot for relaxation or entertaining.

This property also qualifies for renovation financing with as little as 3.5% down, making it even more accessible. Don’t miss out on this rare opportunity to own a piece of DC’s thriving rental market and secure your financial future.

Location

State DC

County Washington

Zoning R4

Rooms

Basement Outside Entrance, Sump Pump, Other

Interior

Interior Features Wood Floors

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Flooring Hardwood

Equipment Oven/Range - Gas, Refrigerator

Fireplace N

Window Features Bay/Bow

Appliance Oven/Range - Gas, Refrigerator

Heat Source Natural Gas

Exterior

Exterior Feature Deck(s)

Waterfront N

Water Access N

Accessibility None

Porch Deck(s)

Parking Type On Street

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Ludlow-Taylor

Middle Schools Stuart-Hobson

High Schools Eastern

School District District Of Columbia Public Schools

Others

Tax ID 0779//0092

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash, FHA, FHA 203(k), VA

Listing Terms Conventional, Cash, FHA, FHA 203(k), VA

Financing Conventional,Cash,FHA,FHA 203(k),VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Avery Boyce • Compass
Bought with KAUSHIK RATH • Compass
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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