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84 P Street NW

Washington, DC 20001

– beds
– baths
4,723 sqft
1,800 sqft lot
$381 per sqft
2019 build

The Hermosa at 84 P Street NW, a newly constructed, rent control-exempt luxury duplex located in the thriving Truxton Circle neighborhood of Washington, D.C. Built in 2019, this gem features a total of 4,723 rentable square feet across two expansive 4-bedroom, 4.5-bathroom units. The building also features private balconies, patios, a rooftop deck and rear, gated, parking spaces. Positioned on a 0.04-acre parcel and zoned RF-1, The Hermosa offers investors the rare opportunity to acquire a low-maintenance, stabilized asset delivering a Year 1 Cap Rate of 7.17%. This is achievable with rent increases of approximately 15%. Priced approximately 35% below market, on a price per square foot basis, this opportunity should be considered by both investors and owner-users. The building is separately metered for electricity and features in-unit washer/dryers, water bill-back structured leases, and energy-efficient HVAC systems with no Capital Improvement needs in the near future. Centrally located less than one mile from the NoMa and Shaw Metro stations and within close proximity to Logan Circle, U Street, and Bloomingdale, 84 P Street NW sits at the convergence of several of D.C.’s most vibrant and rapidly appreciating neighborhoods. The surrounding submarket benefits from a young professional tenant base, a growing restaurant and retail corridor, and excellent access to major employment centers. With an average household income exceeding $110,000 and homeownership rates well below the national average, Washington, D.C. remains a top-performing rental market with resilient demand fundamentals. The Hermosa’s strong in-place cash flow, modern design, and premier location make it a compelling opportunity for investors seeking stable returns and long-term appreciation in the heart of the nation’s capital.

Listing courtesy of BRIGHT / Marcus & Millichap Real Estate

Last checked: Checking… • Last updated Apr 22, 2025 •

MLS# DCDC2196744 —

The Building

Year Built:

2019
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Other
Building Levels:

4
Building Units Total:

2
Structure Type:

Detached
Historic:

No
Architectural Style:

Bi-level, Loft
Accessibility Features:

2+ Access Exits
Foundation Details:

Concrete Perimeter
Green Energy Efficient:

Appliances, Construction, Flooring, HVAC, Lighting
Total SqFt Source:

Estimated

Interior

Room Count:

17
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

4723
Living Area SqFt:

4,723 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

FHA, Conventional, Cash, Exchange, VA
Possession:

Negotiable

Location

Directions:

Situated on P Street NW in between 1st Street NW and North Capitol Street. Perfectly centered in Truxton Circle between Shaw and NoMa.
Latitude:

38.90950000
Longitude:

-77.01176000

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Estimated
Lot SqFt:

1,800 Sqft
Zoning Description:

Provide for areas predominantly developed with row houses on small lots within which no more than two (2) dwelling units are per
Zoning:

RF-1
In City Limits:

Yes
Other Structures:

Above Grade
Waterview:

No
Soil Types:

Clay
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

0616//0120
Tax Year:

2024
Tax Annual Amount:

$1,962,590
Tax Assessed Value:

$1,962,590
Year Assessed:

2024
City/Town Tax:

16496.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C, Programmable Thermostat
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central
Heating Fuel:

Electric

Utilities

Utilities:

Electric Available, Water Available, Sewer Available
Sewer/Septic:

Public Sewer
Hot Water:

Multi-tank, 60+ Gallon Tank, Tankless
Water Source:

Public

Schools

School District Name:

District Of Columbia Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Shaw
Pool:

No Pool
Cap Rate:

7.17

Parking

Total Garage and Parking Spaces:

2
Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Parking Fee, Private, Secure Parking, Surface
Parking Lot - # of Spaces:

2

Extra Units

Vacation Rental:

No
Units Furnished:

All

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/22/25 Apr 22, 2025	Listed / Active	BRIGHT	$1,800,000

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This multifamily located in Northwest Washington, Washington, DC 20001 is currently for sale for $1,800,000. 84 P Street NW is a 4,723 square foot multifamily with – beds and – baths. 84 P Street NW is in the Northwest Washington neighborhood of Washington and has a WalkScore® of 93, making it a walker’s paradise.

Listing Courtesy of: BRIGHT and Marcus & Millichap Real Estate.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.