Listed by Debbie Reynolds • Keller Williams Realty

$2,900,000

Est. payment - /mo

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6,325 SqFt

Coming Soon

623 5TH ST NE Washington, DC 20002

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 6,325 sqft

Price per Sqft $458

Subdivision Old City #1

MLS Listing ID DCDC2275946

Style Colonial

Abv Grd Liv Area 6,325

Year Built 1912

Available Date 2026-08-12

Annual Tax Amount $15,540

Tax Year 2026

Lot Size 3,552 Sqft

Acres 0.08

Property Sub-Type Other

Source BRIGHT

Property Description

Investor Alert! Rare opportunity to acquire a large seven-unit apartment building in the heart of Capitol Hill, offering strong in-place income, low operating expenses, and significant value-add potential. With a Net Operating Income of $195,650, this well-maintained property delivers immediate cash flow while providing ample opportunity for a new owner to increase value and maximize future returns. One of the property's standout features is its abundance of private outdoor space. Every residence includes at least one private outdoor area, while most offer two private balconies, an increasingly sought-after amenity in urban living.

Unit Breakdown:

Unit 1: 2 bedrooms, 2 bathrooms, 2 private balconies

Unit 2: 2 bedrooms, 2 bathrooms, 2 private balconies

Unit 3: 2 bedrooms, 2 bathrooms, 2 private balconies

Unit 4: 2 bedrooms, 2 bathrooms, 1 private balcony

Unit 5: 1 bedroom, 1 bathroom

Unit 6: 1 bedroom, 1 bathroom with a private covered porch

Unit 7: Carriage house 2 bedrooms, 2.5 bathrooms, two levels, balcony

Ideally located just minutes from Union Station, Metro, the H Street Corridor, Eastern Market, and the U.S. Capitol, the property offers convenient access to restaurants, cafés, shopping, parks, cultural attractions, and major transportation. The combination of spacious residences, desirable private outdoor spaces, a premier Capitol Hill location, proven income, and clear upside potential makes this an exceptional investment opportunity. Photos may be virtually staged

Location

State DC

County Washington

Zoning R4

Interior

Hot Water Other

Heating Other

Cooling Other

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 6325

Sewer Public Sewer

Water Public

Architectural Style Colonial

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 0834//0800

Ownership Fee Simple

SqFt Source 6325

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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623 5TH ST NE Washington, DC 20002

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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623 5TH ST NE