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5001 1ST STREET NW

$1,199,999

5001 1ST STREET NW, WASHINGTON, DC 20011

Coming Soon

MLS® ID: DCDC2244574

  • 12 BEDROOMS
  • 4,560 Sq.Ft.
  • 2,800 Sq.Ft.
  • 1937 BUILT

Property Details

Cash-flowing investment opportunity in Petworth with a proven rental history! This 4-unit multifamily building was renovated in 2020 and features 3BR/1BA units, each with a consistent track record of achieving $3,000+ per month in rent. Three of the four units are currently vacant, offering an investor or owner-occupant immediate upside to avoid complications and place their own market or voucher rate tenants. The property presents compelling redevelopment potential. Its substantial lot size and RA-1 zoning offer the opportunity to increase its unit count and footprint, subject to required zoning approvals. FHA and VA buyers welcome!

Chris Burns

LISTING AGENT

Amenities

Interior

  • total bedrooms 12
  • Appliances Gas Water Heater

Exterior & Building

  • water Source Public
  • Pool None
  • parking On Street
  • Heat Type Hot Water
  • Air Conditioning None Electric
  • sewer Public Sewer
  • Substructure Other

Financial Details

  • Sales Price $1,199,999
  • Real Estate Tax $7,836/yr
  • Zoning RA-1

Area & Lot

  • Status Coming Soon
  • Living Area 2,800 Sq.Ft.
  • Total Area 2,800 Sq.Ft.
  • Lot Area 4,560 Sq.Ft.
  • MLS® ID DCDC2244574
  • Type Multi-Family
  • Year Built 1937
  • Architecture Styles Traditional
  • School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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