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1631 A Street SE, Washington, DC 20003

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For Sale

$1,650,000

4,185 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • 1941
    Year built

  • $394.27
    Price per square foot

Explore this Property

We are offering a rare opportunity to add a turnkey 4 unit apartment building to your portfolio. This is a perfect location & space for an owner to live in a spacious unit, and have 3 rentals paying the mortgage. Location: Highly sought-after Capitol Hill East neighborhood between Lincoln Park and RFK Stadium. Building is 2 blocks from Stadium Armory Metro (Orange, Blue, and Silver Lines) and the new 19th Street shops and restaurants. Less than 5 minutes to I-295, Eastern Market, and H Street Corridor. Has a Walk Score of 80/100 and a Bike Score of 95/100. Property: Corner lot features lush landscaping and beautiful large flagstone patio with no grass to maintain. Property includes vacant lot/space adjacent to building. Check with zoning to see what can be developed there. Building: Solid 1940 construction - all brick with excellent pointing with strongly accented cement quoin stone. Flat graded leak-free roof with interior access. Large new windows installed 2016 providing excellent natural light on 3 sides of each unit. Well-decorated masonry construction center hall with carpeted stairs and floors. Dry basement divided into two spaces with 9 windows installed 2016. Large common basement area features polished concrete floor, dedicated secure storage units, and washers and dryers. Large owner area features excellent storage with separate supply room. Basement also includes 5 individual water heaters - one for each unit and one for laundry. Expansion possibilities include third floor addition, basement apartment, basement storage rental (there is a separate entrance), and vacant lot for potential development (perfect for a prefabricated tiny house, but check with Zoning). Units: The building has 2 one-bedroom units and 2 two-bedroom units. Three units are currently (1/23/24) occupied. Each well-maintained apartment has hardwood living room floors, carpeted bedrooms, and tile kitchen floors with custom light fixtures. All kitchens feature ample granite countertops, cherry cabinets with excellent storage, and quality appliances including refrigerators, gas ranges, built-in microwave ovens, and dishwashers. Ceiling fan light fixtures in each bedroom. Each unit is assessed for condition, immaculately cleaned, and completely painted between occupancies. Building thoroughly inspected by DCRA (public record) May 2022. These are luxurious units that rent fast, all feature either stainless steel appliances or sleek black ones, some have quiet Bosch dishwashers. Unit Special Features: Unit 1 (owner unit until 2022): Stainless steel appliances including Bosch dishwasher, 2021 bathroom with large walk in glass shower. New bedroom carpets. Unit 2 - 2023 bathroom with new tub and contemporary bathroom tile. Unit 3 - new stainless refrigerator and Bosch dishwasher. New bedroom carpets. Income: Current monthly rents reflect owner's interest in providing high quality housing. Zillow rental estimates for units in 20003: Unit 1 - $3512 Unit 2 - $2375 Unit 3 - $3512 Unit 4 - $2375 The roof has potential for a 22 Kw solar system on the roof, which could generate $8000 per year in DC SRECs ($400 x 22 KwH). This does not include the potential money saved on generating electricity. Expenses: Electricity and gas are separately metered and paid by tenants; current owner pays electric and gas for common areas. Each tenant pays owner $25 per month for water. Tenants are responsible for internet. Current owner pays for private trash collection.
MLS# DCDC2126114

Courtesy Of Coldwell Banker Capitol Hill

(202) 547-3525

Property Features

  • Cooling
    Central A/C
  • Heating - Fuel Type
    Gas
  • Lot Size
    0.05 Acres
  • Sewer
    Public
  • Style
    Other Style
  • Water
    City Water

Map and Directions

Directions to 1631 A Street SE, Washington, DC 20003

Home seller CENTURY 21 Redwood Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Redwood Realty

(202) 506-3674
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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