968 Mount Olivet Road NE
Washington, DC 20002
- – beds
- – baths
- 1,680 sqft
- 1,352 sqft lot
- $374 per sqft
- 1951 build
968 Mount Olivet Rd NE is a prime investment opportunity in the Ivy City neighborhood of Washington, D.C. This three-unit multifamily building is situated on a 0.0300-acre parcel and is classified under Property Class Code 023. It offers three one-bedroom units with approximately 1,352 rentable square feet. The property's strategic location provides excellent accessibility. It is just one block from the Mt. Vermin Sq 7th St—Convention Center Metro Station (Green/Line) and a short distance from NoMa-Gallaudet and the bustling retail areas around Union Station. This makes it highly attractive for tenants seeking convenience and connectivity. The Ivy City submarket is known for its desirability. With a median household income of $107,000 and a low vacancy rate of 3.33%, these factors, combined with the property's central location, strong occupancy, and potential for value-added improvements, make 968 Mount Olivet Rd NE a compelling investment in a thriving rental market.
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Last updated Feb 11, 2025
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MLS# DCDC2174540 —
The Building
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Year Built:1951
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Year Built Source:Estimated
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Roof:Metal
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New Construction:No
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Construction Materials:Brick
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Building Units Total:3
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Structure Type:Other
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Architectural Style:Other
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Window Features:Casement, Storm
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Accessibility Features:Level Entry - Main
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Basement:No
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Total SqFt Source:Estimated
Interior
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Interior Features:Window Treatments, Other
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1680
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Living Area SqFt:1,680 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Other, Conventional, FHA, VA
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Possession:120-180 Days, 90-120 Days CD
Location
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Directions:See Google Maps
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Latitude:38.91229607
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Longitude:-76.98976623
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Estimated
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Lot Features:Other
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Lot SqFt:1,352 Sqft
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Zoning:R4
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In City Limits:Yes
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Other Structures:Above Grade
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Waterview:No
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Soil Types:Urban Land-Sassafras-Chillum
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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) 528-4698
- Office phone:
- (410) 886-7342
Taxes
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Tax ID Number:4039//0809
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Tax Year:1996
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Tax Lot:0809
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Tax Annual Amount:$898
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Tax Assessed Value:$58,308
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Year Assessed:1996
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City/Town Tax:898.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Oven/Range - Gas, Refrigerator
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:Ivy City
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Exterior Features:Fire Escape
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Pool:No Pool
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Spa:No
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Transportation:Metro/Subway Station less than 1 mile
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Cap Rate:8.50
Parking
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Garage:No
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Type of Parking:Off Street
Extra Units
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Vacation Rental:No
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Single Room Units:3
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One Bedroom Units:3
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 |
---|---|---|---|---|
2/10/25
Feb 10, 2025
|
Listed / Active | BRIGHT | $629,999 |