CAPITOL AVE NE QUADPLEX: $53,040 SCHEDULED ANNUAL RENT + 1 VACANT UNIT. Well-maintained solid brick 4-unit building located at 1715 Capitol Ave NE, featuring four functional 1-Bedroom + Den / 1-Bathroom units. Three units are currently occupied, generating $53,040 in scheduled annual rent ($4,420/month), with one vacant unit ready for… Read More immediate move-in or market lease-up. This property offers a direct house-hacking opportunity for an owner-occupant utilizing low- or zero-down-payment financing options, including VA (0% down), FHA (3.5% down), Conventional, or NACA programs. An owner can occupy the vacant unit on Day 1 while using the $4,420 in existing monthly rent from the three occupied units to directly subsidize mortgage carrying costs and build equity over time through loan principal reduction. The well-maintained interior spaces feature updated wood-look laminate flooring, modern ceiling fans, updated bath fixtures, and functional kitchens equipped with white cabinetry, gas ranges, and granite countertops. Additional revenue potential exists by constructing a rear parking pad to monetize off-street parking in a high-demand neighborhood. For portfolio investors, leasing the vacant fourth unit at market rates or local voucher payment standards provides an immediate path to maximize total gross revenue. Read Less
Courtesy of Abel M Gebremichael, Keller Williams Capital Properties 202-243-7700
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Square Ft.
3,232
Lot Size
0.07 Acres
Year Built
1936
MLS Number
DCDC2280324
Additional Details
Building
Built in 1936, Living area: 3232, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Heating
90% Forced Air, Radiator
Lot
0.07 acres
Owner Pays
Water, Trash Collection, Repairs, Pest Control, Lawn/Shrub Care
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.