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$760,000
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Property Description
***EXCELLENT OPPORTUNITY FOR DEVELOPER*** 100% FINANCING AVAILABLE***Welcome to 1017 17th Place NE a multiple unit apartment building located in the subdivision of Trinidad/Langston Carver, Washington DC. At current, each unit offers 2 bedroom/1 bath with extended bump out. In need of renovation and/or repairs. Excellent opportunity for a multiple unit condo conversion. Lot size: 3,744 s/f; Zoning RA-2; NO PLANS OR PERMITS. Very deep rear yard. Parking up to 4 vehicles. Projected Condo Project: 8 units = (8) 2-bdrm at 900 s/f each ($485 s/f), Total s/f = 7,200; ARV = $3,492,000. Projected Construction Cost: Acquisition Cost $850,000; Construction Cost: $1,188,000 ($165+ per s/f x 7,200 s/f of living area); Negotiated Broker's Fee (5%); $174,600; Carrying Cost at 13% on $850,000: $221,000 (24 months); Plans & Permits: $50,000; Legal Fees: $10,000; Total Acquisition & Construction Cost: $2,493,600; Profit: $998,400; ROR: 40%; Very HOT area for new development. Condo conversion projects next door, across the street and three doors down. ENTIRE BUILDING IS VACANT. NO TOPA INVOLVED. PHOTOS DO NOT REPRESENT CURRENT CONDITION.
Full Property Details
Full Property Details for 1017 17th Pl NE
General
- Sold For: $760,000
- Taxes: $7,600 (2024)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2187996
- Added to Site: 316 day(s) ago
Parking
- Parking Type: On Street
Location
- County: Washington
- Cross Streets: K Street NE
- Driving Directions: From downtown, east on H Street NE; Turn left onto Bladensburg Road; Turn right onto L Street NE; Turn right onto 17th Place NE; Property on left (1017 17th Place NE)
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Brick, Stone
- Foundation: Brick/Mortar
- Stories/Levels: 0
- Square Feet: 2,810
- Sq. Ft. Source: Estimated
- Living Area: 2,810 Sq. Ft.
- Year Built: 1936
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 4
- 2 Bedroom Units: 4
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,744
- Lot Size Source: Estimated
- Zoning: RA-2
Financial Considerations
- Price Per Sq. Ft.: $302.46
- Assessment Year: 2023
- City/TownTax: $7,600
- City/TownTax Freq: Annually
- Tax w/Assessment: $950,000
- Tax Amount: $7,600
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
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Schools
Schools serving 1017 17th Pl NE
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Browne Education Campus 850 26th Street Northeast, Washington, DC 20002 | K-8 | 0.5 mi |
Eastern High School 1700 East Capitol Street Southeast, Washington, DC 20003 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1017 17th Pl NE
Date
Details
Price
Change
Source
7/21/2025
Sold
$760,000
-10.58%
MLS
3/05/2025
Listed
$849,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1017 17th Place NE, Washington, DC 20002 (MLS# DCDC2187996) is a Multi-Family property that was sold at $760,000 on July 21, 2025. This property was listed by Alvin RICE from our Global Luxury Georgetown Office.Want to learn more about 1017 17th Place NE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.


