Overview

$1,695,000

20% Min Down

451 M STREET NW #

451 M Street Northwest, Washington, DC 20001

For sale in Logan Circle - Shaw

7 BR | 6 BA | 3,967 ft² | $427/ft² | -4.51% Cap Rate

Listed Sep 30th, 2020
Back on market, buyer's financing fell through. Let their loss be your gain, once in a decade opportunity! Stately, expansive, four-story, THREE UNIT victorian home with. Owners living on the 1st floor (Unit 1) with 2 BDs/1.5 BAs, Kitchen, Dining Room, and Living Room. Unit 2 is on the 2nd and 3rd floor and is a 4 BDs/2.5 BAs unit, with Kitchen, Dining Room, and Living Room. Unit 2 is currently vacant. The owner has historically rented each room in Unit 2 for $1200/mo (Total income per month: $4800). The basement (Unite 3) is a 1 BD/1 BA unit rented through 4/30/2022 at $1795/mo.  The owner has enjoyed years of easy rental income paying his mortgage. Recently updated heat pumps, 3 separate in-unit laundry systems, lovely back yard patio and deck spaces for relaxing and entertaining. Prime location puts this home at the center of the hustle and bustle of DC's downtown scene while being uniquely placed on a historic residential block. Beyond the iconic triangle that lies at its center, Mount Vernon Square has plenty of recreation to offer. Many options for a date night or delicious lunch, among them - RPM Italian, Espita mezcaleria, and Busboys and Poets. Secure Parking for rent nearby for $200 a month. This is city living at it's best - come see for yourself! Note: Last three years rent rolls, repairs, CapEX, current leases, AND previous buyer's home inspection available in agent docs. Also listed as Multi-Family - MLS#  DCDC489848.

The manager has listed the unit size as 3967 square feet.

Inquire about this Property

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Features & Amenities

Unit Amenities

  • Basement
  • Fireplace
  • Heat Pumps
  • Exterior: Brick
  • Heat Pump

Building Amenities

  • Basement
  • Fireplace
  • Heat Pumps
  • Heat Pump

Building Policies

Learn more about 451 M Street Northwest, Washington, DC 20001

Listed By

History

Date Event Price
May 7, 2021 Contract Pending -
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Mar 25, 2021 Back on Market -
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Feb 14, 2021 Contract Pending -
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Jan 20, 2021 Back on Market -
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Jan 13, 2021 Contract Pending -
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Property Analysis

Price Estimate

$1,711,950

HopScore Market Price

$1,695,000

Current Asking Price

+$16,950

Difference from Asking

Cap Rate Analysis

Operating Profit

-$76,476
/

Purchase Price

$1,695,000
=

Cap Rate

-4.51%
**

* Actual income may vary between $3,980 and $5,970 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 451 M STREET NW

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 451 M STREET NW

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Want to find out who owns 60 East 8th Street? Get detailed property transactions here.

Neighborhood

Stats & Trends

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Median Asking

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Above Asking

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Sale Price/ft²

-

Days on Market

Schools

School Type Grades Distance
Walker-Jones Education Campus Elementary PK to 8 0.24 mi
MacFarland MS Middle School 6 to 8 2.66 mi
Dunbar HS High School 9 to 12 0.3 mi
Ron Brown College Preparatory HS Secondary School 9 to 11 4.58 mi
School-Within-School at Goding Elementary PK to 5 1.45 mi
Capitol Hill Montessori School at Logan Elementary PK to 8 0.97 mi
Ballou STAY HS High School 9 to 12 4.74 mi
Excel Academy Elementary PK to 8 3.41 mi
River Terrace Education Campus Other 3 to 12 3.25 mi
Duke Ellington School of the Arts High School 9 to 12 2.87 mi
Dorothy I. Height ES Elementary PK to 5 2.77 mi
Roosevelt STAY HS High School 9 to 12 2.64 mi
Phelps Architecture Construction and Engineering HS High School 9 to 12 2.49 mi
School Without Walls HS High School 9 to 12 1.71 mi
Benjamin Banneker HS High School 9 to 12 1.28 mi
Washington Metropolitan HS High School 8 to 12 1.01 mi
McKinley Technology HS High School 9 to 12 0.98 mi
Pre K Incentive Program M 0.88 mi
Lashawn DCPS Non Public M 0.62 mi
Residential Schools M 0.62 mi
Tuition Grant DCPS Non Public M 0.62 mi
Luke C. Moore HS High School 9 to 12 2.28 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$18,494

Per Month

Recent Transactions at 451 M STREET NW

Transaction history for 451 M Street Northwest

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)

Apartments for Sale at 451 M Street Northwest

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 451 M Street Northwest

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Nearby Buildings

Learn more about 451 M STREET NW #

Building at 451 M Street Northwest, Washington, DC 20001

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