Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm. Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two… Read More of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants. Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied! Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options. This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood. This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before. For more information and to schedule a showing, please contact the showing contact only! Read Less
Courtesy of Brian Hosey, Marcus & Millichap Real Estate [email protected]
Listing Snapshot
Days Online
107
Last Updated
Property Type
Townhouse
Square Ft.
3,270
Lot Size
0.07 Acres
Year Built
1937
MLS Number
DCDC2144866
30 Days Snapshot Of 20002
$
+3%
(avg) sold price
35
-42%
homes sold
45
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven/Range - Gas, Refrigerator
Basement
Outside Entrance, Partial
Building
3,270 sqft living area, Built in 1937, Major renovation in 2019, Structure Type: Interior Row/Townhouse, Wall & Ceiling Types: Plaster Walls, Dry Wall, 4 units in building, 2 levels in building, Traditional, Brick, Block
Cooling
Central Air, Electric, Window Unit(s), Central A/C
Accessibility Features
2+ Access Exits
Floors
Ceramic Tile, Carpet, Vinyl
Foundation
Crawl Space
Heating
Natural Gas, Hot Water
Lot
3,128 sqft, 0.07 acres, Front Yard
Parking
Free
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 3, Soil Types: Unknown, 4 two-bedroom units
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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