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$919,000
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Property Description
Unlock the potential of city living with this 3-unit rowhouse, perfectly situated in the heart of Washington DC, just 2 blocks from Union Station. This unique property offers two 1-bedroom units and one studio unit, all fully vacant and ready for your vision. Whether you're an enterprising first-time homebuyer or an investor, this home presents a rare opportunity to create a profitable, cash-flowing asset. Live in one unit and legally operate short-term rentals in the other two, maximizing your income through platforms like Airbnb or VRBO. This prime location-just 7 blocks from the US Capitol and 4 blocks from the Hart Senate Office Building-makes it a magnet for short-term renters seeking the convenience of a walkable neighborhood filled with fantastic restaurants, grocery stores, and cafes. Imagine your tenants enjoying their morning coffee at the charming Union Kitchen bodega, right across the street. With tree-lined streets and a vibrant community, this rowhouse is livable as-is but offers tremendous potential for updates to significantly increase rental income. A lovely deck in the back adds to the appeal, providing a perfect spot for relaxation or entertaining. This property also qualifies for renovation financing with as little as 3.5% down, making it even more accessible. Don't miss out on this rare opportunity to own a piece of DC's thriving rental market and secure your financial future.
Full Property Details
Full Property Details for 535 3rd St NE
General
- Sold For: $919,000
- Taxes: $7,740 (2023)
- Status: Closed
- Type: Triplex
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2154202
Property History
- 535 3rd St NE, Washington, DC
- Sold $919,000 on 10/18/24
- Listed $899,999 on 9/4/24
Interior
- Interior Features: Wood Floors
- Appliances: Oven/Range - Gas, Refrigerator
- Flooring: Hardwood
Exterior
- Porch/Patio/Deck: Deck(s)
Parking
- Parking Type: On Street
Location
- County: Washington
- Development Name: Old City #1
- Subdivision: Old City #1
- Cross Streets: F St
- Driving Directions: See Google Maps
- Location Details: Urban
- Historic District: Yes
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
- Elementary School: Ludlow-Taylor
- Middle School: Stuart-Hobson
- High School: Eastern
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Outside Entrance, Sump Pump, Other
- Foundation: Other
- Windows: Bay/Bow
- Stories/Levels: 3
- Square Feet: 1,810
- Sq. Ft. Source: Estimated
- Living Area: 1,560 Sq. Ft.
- Year Built: 1910
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- 1 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 825
- Lot Size Source: Assessor
- Zoning: R4
Financial Considerations
- Price Per Sq. Ft.: $576.92
- Assessment Year: 2023
- City/TownTax: $7,740
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $910,610
- Tax Amount: $7,740
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1560
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 92
Listed by Compass, Avery Boyce
Sold by Compass, KAUSHIK RATH
Listing agent
— 535 3rd St NE —
Avery Boyce
Compass
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 535 3rd St NE
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Ludlow-Taylor Elementary School 659 G Street Northeast, Washington, DC 20002 | K-5 | 0.3 mi |
Stuart-Hobson Middle School 410 E Street NE, Washington, DC 20002 | 6-8 | 0.1 mi |
Eastern High School 1700 East Capitol Street Southeast, Washington, DC 20003 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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535 3rd Street NE, Washington, DC 20002 (MLS# DCDC2154202) is a Triplex property that was sold at $919,000 on October 18, 2024. Want to learn more about 535 3rd Street NE? Do you have questions about finding other Triplex real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.