717-719 Irving St Washington, DC 20017

This exceptional value-add investment opportunity presents two adjacent, two-story Class B apartment buildings in Washington, D.C.'s Brookland neighborhood. Located near The Catholic University of America, this property comprises seven units totaling 5,371 square feet of net rentable space, situated on a combined 4,247 square foot lot. The buildings feature six two-bedroom, one-bathroom units and a separate basement studio apartment. Each building offers approximately half of the total square footage. Currently vacant and TOPA-free, this property presents a unique chance for renovation and repositioning. With eight parking spaces and permitted RF-1 zoning, the property offers significant potential for future development or long-term rental income. The asking price is $1,490,000, translating to $212,857.14 per unit and $277.42 per square foot. The property is offered under simple ownership with no ground lease. The buildings are fully vacant, providing immediate opportunity for upgrades and maximizing rental income. The property's location near a major university and its potential for various uses make it an attractive investment. The existing structure provides a solid foundation for a variety of value-add strategies, from cosmetic improvements to more extensive renovations. This is a rare chance to acquire a multifamily property in a desirable location with significant upside potential.