220 3rd St SE

Washington DC 20003

3560 sq. ft.

1307 sq. ft.

Duplex

Currently for sale - view listing

Overview

220 3rd Street SE presents a rare opportunity to acquire a boutique four-unit apartment building in the heart of Capitol Hill, just blocks from the U.S. Capitol Campus and Capitol South Metro. The property features four spacious one-bedroom apartments, a rear off-street parking space, and stable in-place income with value-add potential through future renovations and lease turnover. Unit 1 (main floor/first level) and Unit 2 (second floor) are both leased out as shorter-term rentals, averaging 2 to 4 months per stay with almost no vacancy between leases. One or both of these units could potentially be delivered vacant if desired by a buyer. Recent capital improvements to the building include a new TPO roof (2017) and front brick repointing (2022). With gross rental income exceeding $9,000 per month on a fully occupied basis, premier walkability to Capitol Hill's dining, retail, and Metro amenities, and Rent Control and TOPA exemptions, this offering combines strong income potential with an irreplaceable location.

Features

4 bedrooms

1 carspace

3560 sq. ft. floor area

1307 sq. ft. lot size

Duplex

Property history for 220 3rd St SE

2017

Sold

$1,500,000

03 Jan 2017 by Peter Frias

Happy sellers in Washington

We have insufficient information to provide an overview of customer satisfaction for Washington. Viewing the agent profiles, reviews and sales for Washington can provide insights for this location.