Tom Poss
Office: 301.698.3232
Cell: 301.514.3900
2149 N St Nw, WASHINGTON
$2,300,000
0 Beds
0 Baths
3,024 Sqft
.02 Acres
0 Garages
This rare, TOPA-free investment opportunity offers a clean and straightforward transaction, including four spacious two-bedroom, two-bathroom vacant units. Recent capital improvements include a brand-new roof and freshly refurbished common area. These improvements ensure minimal upfront expenses and enhance the overall appeal of this property, which sits on a prominent corner lot at the intersection of N Street NW and 22nd Street NW.
Boasting a 7.06% Year 1 cap rate and a projected Net Operating Income (NOI) of +/- $162,000, this asset provides a compelling financial opportunity in one of the most in-demand rental markets in Washington, D.C. Just four blocks from George Washington University, the property’s proximity makes it an ideal investment for student housing, as well as for professionals drawn to the area’s bustling cultural, diplomatic, and business environments.
Dupont Circle’s rental market consistently commands some of the highest rental rates in the city, standing 39% above the national average. The neighborhood’s proximity to Embassy Row, major universities, and Downtown D.C. guarantees a strong tenant base and excellent occupancy potential, making this an ideal opportunity for investors seeking immediate cash flow and future value appreciation.
Essential Information
MLS® #DCDC2170444
Price$2,300,000
Bathrooms0.00
Square Footage3,024
Acres0.02
Year Built1913
TypeMulti-Family
Sub-TypeQuad, Other
StyleVictorian
StatusActive
Community Information
Address2149 N St Nw
SubdivisionDUPONT
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20037
Amenities
ParkingPermit Required
ViewCity
Amenities
Tub Shower, Bathroom - Walk-In Shower, Air Filter System
Utilities
Electric Available, Water Available, Natural Gas Available
Interior
HeatingForced Air
CoolingWall Unit
Has BasementYes
# of Stories4
Basement
Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms
Exterior
ExteriorBrick and Siding
Lot DescriptionCorner Lot
District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
ZoningR5B
Listing Details
OfficeMarcus & Millichap Real Estate
Office Contact(202) 536-3700
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Listing information last updated on January 16th, 2025 at 8:03am EST.
