220 3rd St Se, Washington, DC 20003
- $1,350,000
- 2,580
- SqFt
- List Price
- $1,350,000
- Days on Market
- 30
- Status
- PENDING
- MLS#
- DCDC2277070
- Living Area
- 2,580
- Lot Size (Acres)
- 0.03
- Style
- Victorian
- Year Built
- 1857
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
220 3rd Street SE presents a rare opportunity to acquire a boutique four-unit apartment building in the heart of Capitol Hill, just blocks from the U.S. Capitol Campus and Capitol South Metro. The property features four spacious one-bedroom apartments, a rear off-street parking space, and stable in-place income with value-add potential through future renovations and lease turnover. Unit 1 (main floor/first level) and Unit 2 (second floor) are both leased out as shorter-term rentals, averaging 2 to 4 months per stay with almost no vacancy between leases. One or both of these units could potentially be delivered vacant if desired by a buyer. Recent capital improvements to the building include a new TPO roof (2017) and front brick repointing (2022). With gross rental income exceeding $9,000 per month on a fully occupied basis, premier walkability to Capitol Hill's dining, retail, and Metro amenities, and Rent Control and TOPA exemptions, this offering combines strong income potential with an irreplaceable location.
/u.realgeeks.media/northernvirginiahomepro/logo2.png){kind=logo}
Additional Information
- Taxes
- $15156.69
- School District
- District Of Columbia Public Schools
- Flooring
- Wood, Ceramic Tile
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Roof
- Composite
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes