3,758 SqFt
3,758 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,758 sqft
Price per Sqft $1,569
Subdivision Dupont Circle
MLS Listing ID DCDC2175818
Style Cottage,Federal
Abv Grd Liv Area 2,717
Originating Board BRIGHT
Year Built 1905
Annual Tax Amount $15,409
Tax Year 2024
Lot Size 1,700 Sqft
Acres 0.04
Property Description
Now available together, **1771 and 1769 T Street NW** offer a rare and lucrative investment opportunity in one of Washington, D.C.'s most desirable neighborhoods. These two classic brick buildings boast a combined **5,434 sq ft** of versatile living space, providing a mix of income-generating units with significant potential for creative reconfiguration.
The properties include a **spacious 3-bedroom penthouse unit** that adjoins both buildings, allowing for a variety of possibilities, whether for high-end rental income or future redevelopment. The diverse layouts across the buildings include:
- **2 Studio units**
- **1 One-bedroom unit**
- **1 One-bedroom + den**
- **2 Two-bedroom floor plans**
- **1 Three-bedroom penthouse unit**
Currently, only 2 vacancies . The properties are further enhanced by **4 parking spaces**, generating **$300 per month** each—adding to the overall monthly rental income of **$22,500**, and a total of **$276,000 annually**, including parking revenue.
At the current listing price of just under **$6 million**, the cap rate is just under 5%, a solid return for an urban market with excellent appreciation potential. Washington, D.C. continues to lead the nation with **58.9% renter-occupied homes**, ensuring a strong demand for rental properties in this vibrant area.
**Investment Highlights:**
- **5,434 sq ft of living space**
- **Fully occupied units**
- **4 parking spaces generating $1,200/month**
- **$22,500 monthly rental income + parking = $276,000 annually**
- **Cap rate just under 5%**
- **Impressive appreciation
This is an excellent opportunity for investors looking to capitalize on a prime urban location with proven rental income and strong growth potential. Don't miss out on this exceptional offering!
Location
State DC
County Washington
Zoning MULTI FAMILY
Interior
Hot Water Natural Gas
Heating Forced Air, Heat Pump(s), Radiator
Cooling Central A/C
Fireplaces Number 2
Fireplace Y
Heat Source Natural Gas, Electric
Exterior
Parking On Site 4
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Cottage, Federal
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0151//0239
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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1050 Industrial Dr #110, Middletown, Delaware, 19709, USA