1927 15th St NW Washington, DC 20009

1927 15th St NW presents a rare opportunity to acquire a three-unit, rent-control-exempt property in the heart of the U Street/14th Street corridor-one of Washington, DC's most consistently demanded rental submarkets. This thoughtfully updated building offers immediate in-place income with clear lease-up upside. Apartments 1 and G are secured under lease through July 31, 2026 and May 31, 2027 respectively, generating $5,775 per month ($69,300 annually) in documented rental income. The upper-level one-bedroom residence (Apt 2) is currently vacant, creating immediate optionality for an investor to increase total revenue or for an owner-occupant to move in while offsetting expenses below. A projected market rent of approximately $2,500 per month for the upper unit (including parking) positions the property near $99,300 in potential annual gross income once fully leased. Each unit is separately metered for electricity and includes in-unit washer/dryer, enhancing operational efficiency and tenant appeal. A current Certificate of Occupancy (issued July 2024) and rent-control exemption provide additional flexibility for long-term rent strategy. Since 2020, the property has benefited from significant capital improvements, including full brick facade repointing with gable reconstruction, slate roof stabilization, updated HVAC systems (Apts 1 & G), modernized kitchens and finishes, enhanced lighting, and exterior stair upgrades-reducing near-term capital expenditure risk. Two secured off-street parking spaces with protected garage access add tangible rental value and competitive advantage in this highly walkable, amenity-rich location. For investors, this is a stabilized asset with income in place, staggered lease expirations, and immediate upside. For owner-occupants, it offers the opportunity to live in the vibrant U Street corridor while building equity through rental income. 1927 15th St NW delivers flexibility, stability, and growth potential in one of DC's most resilient urban neighborhoods.