2149 N Street Northwest
Washington, DC 20037
$2,300,000
Price
—
Beds
3,024 Sq. Ft.
$761 / Sq. Ft.
3,024
Sq. Ft.
$761
per Sq. Ft.
Description
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...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.
- Listed by Lorenzo M Wooten Jr. • Marcus & Millichap Real EstateP: (202)-536-3742 lorenzo.wooten@marcusmillichap.com
Property Details for 2149 N Street Northwest
Tax ID Number
0069//0161
OwnershipFee Simple
Structure TypeOther
StyleVictorian
WaterfrontNo
ViewsCity
GarageNo
SubdivisionDUPONT
LISTING UPDATED: 12/06/2024 01:08 AM
Property Details for 2149 N Street Northwest
| Status | Active |
|---|---|
| MLS # | DCDC2170444 |
| Days on Market | 10 |
| Taxes | $18,093 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1913 |
| Lot Size | 0.02 AC / 1,000 SF |
| County | District of Columbia |
Building Information for 2149 N Street Northwest
Stories-Residences4Year Built1913Building Size-Lot Size0.02 AC / 1,000 SF
Property Information for 2149 N Street Northwest
Location
Location
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Elevator Use Fee: $0
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $2,061,810
- Year Assessed: 2024
- Improvement Assessed Value: $1,641,060
- City Town Tax: $18,093
- Land Assessed Value: $420,750
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: R5B
- Tax Lot: 161
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: Yes
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 4
- Three Bedroom Units Count: 0
- Units Furnished: All
- Number Of Units Vacant: 4
Financial Information
Expenses
- Operating Expense: $47,872
Financial Information
- Gross Scheduled Income: $208,428
- Net Operating Income: $154,067
- Annual Rental Income: $208,428
- Cap Rate: 6.70
Building Info
Building Info
- Building Level Count: 4
- Building Units Total: 4
- Total Finished SQFT: 3,024.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 3,024.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Basement Type: Daylight, Full, Front Entrance, Improved, Outside Entrance, Rear Entrance, Space For Rooms
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Features: Corner
- Soil Types: Unknown
- Parcel ID: 15966074
Parking
Parking
- Type Of Parking: On Street
- Parking Features: Rented/Permit Required
Interior Features
Interior Features
- Interior Features: Combination Dining/Living, Air Filter System, Bathroom - Tub Shower, Bathroom - Walk-In Shower
- Fireplace: No
- Accessibility Features: 2+ Access Exits
Exterior Features
Exterior Features
- Pool: No Pool
Utilities
Utilities
- Utilities: Electric Available, Water Available, Natural Gas Available
- Heating: Yes
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Capital Area Association of REALTORS
- List Agent URL: www.wootensalesgroup.com
Property History for 2149 N Street Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2149 N Street Northwest
Taxable ValueLand$420,750Additions$1,707,820Total$2,128,570
Tax Record2024$19,902 ($1,659 / month)
Home Facts
Total Finished SqFt3,320 SqFtAbove Grade Finished SqFt3,320 SqFtStories3Lot Size1,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningRA-2/DCCountyDISTRICT OF COLUMBIAAPN0069 0161
Schools near 2149 N Street Northwest
This home is within District Of Columbia Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
School Without Walls @ Francis-Stevens PublicPK to 8 | ||
Cardozo Education Campus Public6 to 12 | ||
School Without Walls High School Public9 to 12 | ||
Duke Ellington School of the Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Marcus & Millichap Real Estate
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