1 /
77
Video
Map
$1,650,000
●
Multifamily -
For Sale
1631 A ST SE
WASHINGTON, DC 20003
Studio
0 Bath
$8,102
Estimated Monthly
$0
HOA / Fees
About This Property
We are offering a rare opportunity to add a turnkey 4 unit
apartment building to your portfolio. This is a perfect
location & space for an owner to live in a spacious unit, and have
3 rentals paying the mortgage.
Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100.
Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there.
Building: Solid 1940 construction – all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters – one for each unit and one for laundry.
Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning).
Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers.
Unit Special Features:
Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets.
Unit 2 – 2023 bathroom with new tub and contemporary bathroom tile.
Unit 3 – new stainless refrigerator and Bosch dishwasher. New bedroom carpets.
Income: Current monthly rents reflect owner's interest in providing high quality housing.
Zillow rental estimates for units in 20003:
Unit 1 - $3512
Unit 2 - $2375
Unit 3 - $3512
Unit 4 - $2375
The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity.
Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100.
Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there.
Building: Solid 1940 construction – all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters – one for each unit and one for laundry.
Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning).
Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers.
Unit Special Features:
Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets.
Unit 2 – 2023 bathroom with new tub and contemporary bathroom tile.
Unit 3 – new stainless refrigerator and Bosch dishwasher. New bedroom carpets.
Income: Current monthly rents reflect owner's interest in providing high quality housing.
Zillow rental estimates for units in 20003:
Unit 1 - $3512
Unit 2 - $2375
Unit 3 - $3512
Unit 4 - $2375
The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity.
Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
Unit Size
-
Days on Market
94 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1941
Listed By
Last updated: 3 months ago (Bright MLS #DCDC2126114)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 27, 2024 | Relisted | $1,650,000 | |
Relisted | |||
Feb 17, 2024 | In contract | - | |
In contract | |||
Jan 25, 2024 | Listed by Coldwell Banker Realty - Washington | $1,650,000 | |
Listed by Coldwell Banker Realty - Washington |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Interior Features: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Tub Shower, Bar, Kitchen - Galley, Kitchen - Efficiency, Kitchen - Gourmet, Window Treatments
Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Gas, Range Hood, Water Heater
Flooring Type: Hardwood, Fully Carpeted, Concrete, Wood
Living Area Square Feet Source: Assessor
Wall & Ceiling Types
Basement Information
Has Basement
Connecting Stairway, Daylight, Partial, Full, Interior Access, Outside Entrance, Poured Concrete, Rear Entrance, Shelving, Windows
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Assessor
Building Information
Foundation Details: Slab
Other Structures: Above Grade, Below Grade
Roof: Unknown
Structure Type: Detached
Window Features: Double Pane
Construction Materials: Brick
Outdoor Living Structures: Patio(s)
Pool Information
No Pool
Lot Information
Corner, Landscaping, SideYard(s)
Tidal Water: N
Lot Size Source: Assessor
Land Information
Land Assessed Value: $1,154,550
Financial Details
City Town Tax: $9,607
City Town Tax Payment Frequency: Semi-Annually
Tax Assessed Value: $1,154,550
Tax Year: 2023
Tax Annual Amount: $9,607
Year Assessed: 2024
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Hot Water
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
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
Townhouse
5
Beds
4
Baths
3,100 ft²
$532/ft²
$1,650,000
Apr 5, 2023
$1,650,000
Apr 28, 2023
-
Townhouse
4
Beds
4
Baths
1,786 ft²
$938/ft²
$1,675,000
May 5, 2023
$1,675,000
Jun 12, 2023
-
Townhouse
4
Beds
3
Baths
1,486 ft²
$925/ft²
$1,375,000
Jun 1, 2023
$1,375,000
Jul 5, 2023
-
Townhouse
4
Beds
4
Baths
2,065 ft²
$727/ft²
$1,501,000
May 31, 2023
$1,501,000
Jun 16, 2023
-
Townhouse
3
Beds
3
Baths
2,673 ft²
$468/ft²
$1,250,000
Feb 17, 2023
$1,250,000
Nov 3, 2023
-
Townhouse
4
Beds
5
Baths
2,044 ft²
$832/ft²
$1,700,000
Jan 28, 2023
$1,700,000
Mar 6, 2023
-
Active
Townhouse
4
Beds
4
Baths
1,900 ft²
$737/ft²
$1,400,000
Feb 8, 2024
-
-
Townhouse
3
Beds
3
Baths
1,568 ft²
$845/ft²
$1,325,000
Oct 14, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1631 A Street Southeast
1631 A Street Southeast, Washington, DC 20003
- 1 Unit for Sale
About Southeast Washington
Similar Homes for Sale
$1,325,000
- 3 Beds
- 3 Baths
- 1,568 ft²
$1,400,000
- 4 Beds
- 4 Baths
- 1,900 ft²