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Listed by SERIF SOYDAN • EXP Realty, LLC

$1,495,000

Est. payment - /mo

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4,113 SqFt

Active

337 DELAFIELD PL NW Washington, DC 20011

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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,113 sqft

Price per Sqft $363

Subdivision Petworth

MLS Listing ID DCDC2269674

Style Traditional

Abv Grd Liv Area 3,208

Year Built 1936

Available Date 2026-07-03

Annual Tax Amount $11,316

Tax Year 2025

Lot Size 3,361 Sqft

Acres 0.08

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

INVESTOR ALERT! Rare opportunity to acquire a well-maintained 5-unit multifamily property in the highly desirable Petworth/Northwest Washington, DC neighborhood featuring an assumable FHA loan at just 2.875%—an exceptional financing opportunity that is extremely difficult to find in today's market. Qualified buyers may be eligible to assume the existing loan, creating substantial savings compared to today's financing rates and enhancing overall investment returns.

The main level is handicap accessible and was previously utilized as a medical facility, providing additional flexibility for future use (subject to applicable approvals). There is also potential to convert the property into a 6-unit building, offering an opportunity to further increase income and value.

Located just off New Hampshire Avenue NW, the property is surrounded by shopping, restaurants, hospitals, Metro access, parks, and major commuter routes. Petworth continues to experience strong redevelopment, making it one of Northwest DC's most attractive neighborhoods for long-term appreciation and rental demand.

Whether you're purchasing your first multifamily investment or expanding your portfolio, this property offers an outstanding combination of below-market financing, stable cash flow potential, and future upside. Recent improvements include fresh exterior paint, professional landscaping, and interior upgrades throughout all five income-producing units, minimizing near-term capital expenditures.

Unit Mix & Estimated (Section 8 Rents)

• 1 × 3-Bedroom Unit
Estimated Rent: $3,850/month
Total Monthly Income: $3,850

• 3 × 2-Bedroom Units
Estimated Rent: $2,850/month each
Total Monthly Income: $8,550

• 1 × 1-Bedroom Unit
Estimated Rent: $1,900/month
Total Monthly Income: $1,900

Total Potential Rental Income 5 Units — Approximately $14,300/month

Estimated Annual Gross Income Approximately $171,600/year

At the asking price of $1,495,000, the projected gross rental yield is approximately 11.5% before operating expenses.

Investment Highlights:
• Assumable FHA loan at an exceptional 2.875% interest rate.
• Five income-producing units with potential to convert to 6 units (buyer to verify).
• Handicap-accessible main level with prior medical office use.
• Recently updated with exterior and interior improvements.
• Strong Section 8/Housing Choice Voucher income potential.
• High-demand rental location with low vacancy characteristics.
• Developing neighborhood with continued investment and appreciation potential.
• Excellent opportunity for both first-time and seasoned multifamily investors.

Opportunities combining below-market assumable financing, immediate income potential, future value-add possibilities, and a prime Northwest DC location are exceptionally rare. Whether your strategy is cash flow, long-term appreciation, or both, this property offers a compelling investment opportunity in one of Washington, DC's most sought-after rental markets.

Location

State DC

County Washington

Zoning RA-1

Rooms

Basement Partially Finished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Brick/Mortar, Concrete Perimeter

Above Ground Finished SqFt 3208

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3304//0080

Ownership Fee Simple

SqFt Source 4113

Acceptable Financing Cash, FHA, Conventional

Listing Terms Cash, FHA, Conventional

Financing Cash,FHA,Conventional

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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337 DELAFIELD PL NW Washington, DC 20011

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Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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337 DELAFIELD PL NW