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Listed by Stefan Rosu • Keller Williams Capital Properties

$2,250,000

Est. payment - /mo

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2,214 Sqft Lot

New

525 7TH ST NE Washington, DC 20002

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DCDC2266894

Year Built 1954

Annual Tax Amount $12,543

Tax Year 2025

Lot Size 2,214 Sqft

Acres 0.05

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Rare value-add opportunity to purchase 9 unit building with rent upside in Capitol Hill. The building has 2 vacancies and the most recent lease signed was at $3,100/month (HCVP) for a renovated 2 bedroom/1 bath. Rents for legacy tenants are lower. Pro forma NOI is almost $175,000, a 7.8% cap at the list price.

The building has comparably large units for the area. Out of 9 units, 5 have already been converted to 2 bedroom/ 1 bath. The rest of the units are 1 bedrooms and there is an opportunity to convert them to 2s on turns.

Utilities are sub metered. All units feature central heat and 5 also have central cooling (the others have window A/C). There are 4 parking spaces in the rear.

The property is in historic Capitol Hill. Walk score is 83. Nearby amenities include Whole Foods (0.3 mi), Union Station (0.7 mi), Trader Joe's (0.9 mi), and Stanton Park (0.3 mi).

Location

State DC

County Washington

Zoning RF-1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 4.0

Water Access N

Accessibility None

Total Parking Spaces 4

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0892//0030

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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525 7TH ST NE Washington, DC 20002

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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525 7TH ST NE