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2149 N St
For Sale $2,300,000 ($760.58 per Sq Ft)
$2,300,000 ($760.58 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 3,024 Sq Ft
- 1,000 Sq Ft
Description
This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.
Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments.
Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,300,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,024 |
| Number of Stories | 4 stories |
| Parking Spots | 0 spots |
| Year Built | 1913 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0069//0161 |
| MLS # | DCDC2170444 |
| Property ID | 321089906 |
| Lot Sqft | 1,000 |
| Zoning | R5B |
| Total Units | 4 |
| Days on Market | 50 |
| Original List Price | Unknown |
| Date Updated | December 05, 2024 |
| Date Created | December 01, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $208,428 | $0 |
| Net Income (Yr) | $ 154,067 |
| Cap Rate | 6.70% |
Listing Provided By
Lorenzo M Wooten Jr. an agent of .
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Data last updated: January 20, 2025.
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