656 12TH STREET NE
About This Property
The Owner's Estate proudly presents this gem of a home located in the highly desirable Capitol Hill/H ST Corridor. This property is being sold in "AS-IS" condition and is currently free of occupants, allowing for an immediate settlement to finalize the estate.
Key Features:
- Ideal Investment Opportunity: Perfect for buyers looking to build equity through sweat equity. With a bit of vision and effort, this home can be easily transformed into a stunning residence while you live in it.
- Renovation Experience: Having renovated 28 homes in DC, I can confidently say that this listing is a unique opportunity for both homeowners and investors alike.
- Must-See Property: This residence boasts an eye-catching facade, making it a standout even without a blooming garden.
Interior Highlights:
- Spacious 2,353 SF of interior living space across three levels
- Abundant natural light with windows galore
- Cozy fireplaces and beautiful hardwood floors
- Exposed brick walls and unique spiral staircases (which can be converted back to traditional stairs)
Outdoor Features:
- A hidden side gated patio offers a perfect space for bikes, kayaks, dog runs, or a private retreat.
Versatile Living Options:
- The property has a rich history, with the primary entrance once accessed via a second-story front door. This layout opens up possibilities for a home office, business, or even an AirBnB unit on the first level.
This is a rare opportunity to own a piece of real estate with immense potential in a vibrant neighborhood. Don't miss your chance to make this dream home your own!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Relisted | $686,000 | |
| Relisted | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
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Status
Price/ft²
Listed On
Sold On
About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017