224 Upshur Street NW Washington, DC $ 849,900
224 Upshur Street NW
$ 849,900
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224 Upshur Street NW

Washington, DC, 20011
$ 849,900
Bedrooms3 Baths0.0

Monthly Estimate*

$ 5,649

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Multi-Family Home for sale in Washington, DC

for $849,900 with 3 bedrooms. This home was built in 1921 on a lot size of 0.04.

Fantastic 3-unit investment opportunity. Fully updated and leased, but with flexibility for an owner-occupant or "house hack" investor with a low down payment FHA loan. One unit will free up this summer. Recently renovated, these 1BR/1BA & 1BR/1.5BA units each have their own floor and outdoor space, plus there is a 2-car garage and yard. The location on Upshur Street in Petworth is closet to Green/Yellow Line Metro, bus lines and driving access to North Capitol and just steps from local bars and restaurants like Slash Run, Hitching Post and Timber Pizza. Current NOI is $49K which puts it at a 5.75% CAP rate at list price. Perfect location with Petworth's best amenities within walking distance including green/yellow line metro, Slash Run, Timber Pizza, Cinder BBQ and the Petworth Farmer's Market, Street parking is easy and income from the 2-car garage can be further optimized. Showings will be accompanied and are available for those with significant interest and advance notice.

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Multi-Family Active

Price

$ 849,900

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 6,433

Style

Federal

Lot Size

0.04

Year Built

1921

Town/City

Washington

County/Region

District of Columbia

MLS | Web ID

DCDC2138600

Features
Interior
Heating Fuel Electric
Hot Water Electric
Furnished Units None
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling None
Possession 31-60 Days CD
Zoning MU-3A
Garage Spaces 2.00
Architectural Style Federal
Construction Materials Brick
Year Built 1921
Property SubType Triplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 62340.00
Accessibility Other
County WASHINGTON
Net Operating Income 48849.00
Operating Expense 11491.00
Insurance Expense 2219.00
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From Georgia Ave in Petworth travel east on Upshur St to 224.
City WASHINGTON
Buyer Agent Compensation 2.5
Total Units 3
Lot Size Square Feet 1800.00
Waterfront Y/N N
Number of Units Leased 3
Street Name UPSHUR
Tax Annual Amount 6433.0
Two Bedroom 0
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total 536.55
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 17
Lease Type Month to Month Yearly
Standard Status Active
Year Built Source Assessor
Legal Subdivision Petworth
Tax Lot 75
Total Actual Rent 61740.00
Cap Rate 5.75
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool No Pool
Water Source Public
Garage Features Other
Type of Parking Detached Garage
Foundation Details Brick/Mortar
Water View Y/N N
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
Land Assessed Value 455990.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 224
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* Excluded Features
List By
Engel & Volkers Washington, Dc

Broker

phil.diruggiero@engelvoelkers.com

Email

Affordability Calculator

$6,185
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,649
Monthly Property Taxes
$536
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533234 Elementary School
3538780 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2024$849,900 Listed Price

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224 Upshur Street NW, Washington, DC, 20011 is a Multi-Family Home for sale at $849,900 with a lot size of 0.04. 224 Upshur Street NW has 3 bedrooms, 0.0 baths, and was built in 1921. The property's zip code is 20011 which is in Washington, DC