2149 N Street NW
Washington, DC 20037
- – beds
- – baths
- 3,024 sqft
- 1,000 sqft lot
- $760 per sqft
- 1913 build
This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW. Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments. Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
Last checked:
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Last updated Dec 12, 2024
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MLS# DCDC2170444 —
The Building
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Year Built:1913
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Levels:4
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Building Units Total:4
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Structure Type:Other
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Architectural Style:Victorian
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Accessibility Features:2+ Access Exits
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Basement:Yes
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Basement Type:Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms
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Building Winterized:Yes
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Total SqFt Source:Estimated
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Total Below Grade SqFt:724
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Combination Dining/Living, Air Filter System, Bathroom - Tub Shower, Bathroom - Walk-In Shower
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Room Count:8
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3024
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Living Area SqFt:3,024 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA
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Possession:Negotiable
Location
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Directions:On the corner of 22nd Street NW and N Street NW. 3 Blocks north of K Street NW.
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Latitude:38.90742000
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Longitude:-77.04860000
The Property
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Property Subtype:Quadruplex
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Property Type:Multi-Family
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.02
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Lot Size Source:Assessor
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Lot Features:Corner
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Lot SqFt:1,000 Sqft
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Zoning:R5B
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View:City
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Soil Types:Unknown
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (202) 536-3742
- Office phone:
- (202) 536-3700
Taxes
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Tax ID Number:0069//0161
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Tax Year:2024
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Tax Lot:161
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Tax Annual Amount:$18,093
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Tax Assessed Value:$2,061,810
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Year Assessed:2024
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City/Town Tax:18093.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Wall Unit
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Electric
Utilities
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Utilities:Electric Available, Water Available, Natural Gas Available
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:District Of Columbia Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Dupont
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Pool:No Pool
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Cap Rate:6.70
Parking
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Garage:No
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Type of Parking:On Street
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Parking Features:Rented/Permit Required
Extra Units
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Vacation Rental:No
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Units Furnished:All
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Two Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/2/24
Dec 2, 2024
|
Listed / Active | BRIGHT | $2,300,000 |