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Map
$1,144,578*
●
Multifamily -
Off Market
1231 QUEEN STREET NE
WASHINGTON, DC 20002
Studio
0 Bath
2584 Sqft
$1,035,000 - $1,265,000
Reference Base Price*
-0.47%
Since Aug 1, 2023
DC-Washington
Primary Model
About This Property
Lease option available. Great development & cash flow opportunity!
Vacant (no TOPA!) 4-unit on a prime street in
Trinidad. Each unit is a 2 Bedroom / 1Bath. Lease
with option to purchase at a locked in price. Initially, the buyer
only needs to pay the option fee and renovations. $5500/month
for 8-12 years includes taxes and insurance! This
building needs work throughout and is sold AS IS but was fully
rented a year and a half ago. Current housing vouchers
provide $2000/month per unit. The $8000 minimum projected
gross income (Annual ROI = 20-30%). More if short term rental or
if third level or rooftop is added (see 1230 Queen
St directly across the street). Rents and equity have steadily
climbed. This building is also a perfect condo
conversion opportunity with 2/1 condo comps selling over
600k!
Gas & Electric separately metered.
Fantastic location - within walking distance to Gallaudet University, Union Market, NOMA-Galludet Metro station, bustling H Street corridor, Union Station, Whole Foods, and the National Arboretum.
The manager has listed the unit size as 2584 square feet.
Gas & Electric separately metered.
Fantastic location - within walking distance to Gallaudet University, Union Market, NOMA-Galludet Metro station, bustling H Street corridor, Union Station, Whole Foods, and the National Arboretum.
The manager has listed the unit size as 2584 square feet.
Unit Size
2,584Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$445
Property Type
Multifamily
Property Taxes
$508
HOA Dues
-
Year Built
1936
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 9, 2023 | No longer available | - | |
No longer available | |||
Jun 16, 2023 | Price Decreased |
$1,150,000
↓ $25K
(2.1%)
|
|
Price Decreased | |||
Jan 13, 2023 | Price Decreased |
$1,175,000
↓ $25K
(2.1%)
|
|
Price Decreased | |||
Oct 19, 2022 | Listed | $1,200,000 | |
Listed |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
Stu
-
2,652 ft²
$377/ft²
$999,900
Jan 31, 2023
-
$464/mo
Multifamily
Stu
-
2,560 ft²
$527/ft²
$1,350,000
Nov 1, 2022
-
$496/mo
Active
Multifamily
Stu
-
2,432 ft²
$535/ft²
$1,300,000
Jan 9, 2023
-
$544/mo
Active
Multifamily
Stu
-
1,796 ft²
$606/ft²
$1,089,000
Dec 27, 2022
-
$481/mo
In Contract
Multifamily
Stu
-
1,935 ft²
$530/ft²
$1,025,000
Nov 8, 2022
-
$2,218/mo
Active
Multifamily
Stu
-
3,374 ft²
$347/ft²
$1,169,999
Apr 30, 2022
-
$604/mo
Active
Multifamily
Stu
-
4,295 ft²
$256/ft²
$1,100,000
Nov 5, 2022
-
$712/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1231 Queen Street Northeast
1231 Queen Street Northeast, Washington, DC 20002
- 2 Units for Sale