84 P St NW

Washington DC 20001

4723 sq. ft.

1800 sq. ft.

Duplex

Last sold for $1,650,000

Lorenzo Wooten, last sold this property on 31 October 2025 after 191 days on market.

Overview

The Hermosa at 84 P Street NW, a newly constructed, rent control-exempt luxury duplex located in the thriving Truxton Circle neighborhood of Washington, D.C. Built in 2019, this gem features a total of 4,723 rentable square feet across two expansive 4-bedroom, 4.5-bathroom units. The building also features private balconies, patios, a rooftop deck and rear, gated, parking spaces. Positioned on a 0.04-acre parcel and zoned RF-1, The Hermosa offers investors the rare opportunity to acquire a low-maintenance, stabilized asset delivering a Year 1 Cap Rate of 7.61%. This is achievable with rent increases of approximately 15%. Priced approximately 35% below market, on a price per square foot basis, this opportunity should be considered by both investors and owner-users. The building is separately metered for electricity and features in-unit washer/dryers, water bill-back structured leases, and energy-efficient HVAC systems with no Capital Improvement needs in the near future. Centrally located less than one mile from the NoMa and Shaw Metro stations and within close proximity to Logan Circle, U Street, and Bloomingdale, 84 P Street NW sits at the convergence of several of D.C.’s most vibrant and rapidly appreciating neighborhoods. The surrounding submarket benefits from a young professional tenant base, a growing restaurant and retail corridor, and excellent access to major employment centers. With an average household income exceeding $110,000 and homeownership rates well below the national average, Washington, D.C. remains a top-performing rental market with resilient demand fundamentals. The Hermosa’s strong in-place cash flow, modern design, and premier location make it a compelling opportunity for investors seeking stable returns and long-term appreciation in the heart of the nation’s capital.

Features

2 carspaces

4723 sq. ft. floor area

1800 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Washington over the last 12 months, the estimated median property value of 84 P St NW is $980k.

Median value

$980k

Estimated value range

$305k - $1.65m

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Washington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 84 P St NW

2025

Sold

$1,650,000

31 Oct 2025 by Lorenzo Wooten, of Marcus & Millichap Real Estate

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.