32 Varnum St Ne, Washington, DC 20011

Property Description

Seller prefers Universal Title Exceptional income-producing opportunity in the heart of Northeast Washington, DC. This property is nearing completion of a fully permitted triplex conversion, offering flexibility for both investors and owner-occupants. All three units will be delivered vacant, providing full control and flexibility for the next owner, whether for immediate rental income, owner-occupancy, or a house-hacking strategy. Opportunities to acquire a multi-unit property with vacant units in Washington, DC, are increasingly rare, making this a standout offering. Two units are fully renovated and move-in ready, featuring modern kitchens, updated bathrooms, a new roof, new HVAC system, and new water heater. The lower level has been partially renovated, offering a valuable head start. With limited additional work, it can be completed to align with the other units and further enhance income potential, allowing the next owner to add their own finishing touches. Ideally located just 5 minutes from Fort Totten Metro and 8 minutes from Takoma Park Metro, with convenient access to public transportation, retail, dining, and everyday amenities. A newly built school located directly across from the property adds additional neighborhood appeal. A rare opportunity combining immediate usability, value-add potential, and long-term investment upside in the DC market.