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1724 Capitol Avenue Northeast

Washington DC 20002

2
2
3216 sq. ft.
3049 sq. ft.
Townhouse
Currently for sale - view listing

Overview

Rare fully-occupied 4-unit investment opportunity in DC's Brentwood corridor, minutes from Gallaudet University and Union Market. This solid brick building was built in 1937, all four units one-bedroom and individually metered for electric with their own heat pumps, keeping operating costs low and predictable for ownership. The flat roof was fully resurfaced in 2024, and a valid Certificate of Occupancy is on file. Additional features include a rear storage building with roll-up door, private decks, and a classic front porch. On-street parking. Currently producing $66,516 in gross annual rent at a 5.7% cap rate, with every unit priced below market and a confirmed comparable-sale ceiling of $1,687 per unit. Bringing rents to that level lifts gross income to roughly $80,976 a year and pushes the cap rate to approximately 7.3%, a documented upside path since three of the four tenancies are DC housing voucher-backed and increases run through the housing authority's established rent reasonableness process, meaning a substantial share of income is government-backed and stable. Full financial package, rent roll, and maintenance history available upon request. Also well suited to an owner-occupant buyer using this as a house hack, live in one unit and let the other three help carry the mortgage. Won't last at this basis.

Features

2 bedrooms
2 bathrooms
3216 sq. ft. floor area
3049 sq. ft. lot size
Townhouse

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 2 bedroom townhouses in Washington

In the last 12 months, 65 two-bedroom townhouses similar to 1724 Capitol Avenue Northeast, have been sold.

This represents a 5% decrease in two-bedroom townhouses sales when compared to the previous 12 months.

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