1017 17th Place Northeast

Off Market

1017 17th Place Northeast

Washington DC 20002

2810 sq. ft.

3744 sq. ft.

Duplex

Last sold for $760,000

Alvin Rice, last sold this property on 21 July 2025 after 751 days on market.

Overview

***EXCELLENT OPPORTUNITY FOR DEVELOPER*** 100% FINANCING AVAILABLE***Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. At current, each unit offers 2 bedroom/1 bath with extended bump out. In need of renovation and/or repairs. Excellent opportunity for a multiple unit condo conversion. Lot size: 3,744 s/f; Zoning RA-2; NO PLANS OR PERMITS. Very deep rear yard. Parking up to 4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 900 s/f each ($485 s/f), Total s/f = 7,200; ARV = $3,492,000. Projected Construction Cost: Acquisition Cost $850,000; Construction Cost: $1,188,000 ($165+ per s/f x 7,200 s/f of living area); Negotiated Broker’s Fee (5%); $174,600; Carrying Cost at 13% on $850,000: $221,000 (24 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $2,493,600; Profit: $998,400; ROR: 40%; Very HOT area for new development. Condo conversion projects next door, across the street and three doors down. ENTIRE BUILDING IS VACANT. NO TOPA INVOLVED. PHOTOS DO NOT REPRESENT CURRENT CONDITION.

Features

8 bedrooms

2810 sq. ft. floor area

3744 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 8 bedroom duplexes sold in Washington over the last 12 months.

Property history for 1017 17th Place Northeast

2025

Sold

$760,000

21 Jul 2025 by Alvin Rice, of Coldwell Banker Realty

Happy sellers in Washington

<50%

Less than 50% of sellers in Washington reported that their sale price either exceeded or met their price expectations.

Washington stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Washington over the last 12 months.

Local market activity for 8 bedroom duplexes in Washington

In the last 12 months, 3 eight-bedroom duplexes similar to 1017 17th Place Northeast, have been sold.

This represents a 40% increase in eight-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Washington for a market analysis.

Ovgu Aslanturk

at Berkshire Hathaway HomeServices PenFed Realty

(4 reviews)

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Tobin Seven

at Seven Real Estate Associates, LLC

(40 reviews)

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James Frieson

at REMAX Allegiance | Washington

(9 reviews)

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VERONIQUE ONTENIENTE

at TTR Sotheby's International Realty

(26 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Washington

Ovgu Aslanturk

Ovgu Aslanturk is a recommended agent for Washington. They have 5 local sales and collected 4 local reviews across the last 12 months.

5 (4 reviews)
4 Reviews in Washington
5 Sales in Washington

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Tobin Seven

Sellers who recommend Tobin Seven have praised them for being local expert, dedicated, reliable, clear communication, responsive, strategic, and supportive