For Sale
$1,490,000

717-719 Irving StWashington, DC 20017

Washington DC apartment buildings, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
118
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.

Highlights

  • Two adjacent, two-story Class B apartment buildings in Washington, D.C.'s Brookland neighborhood.
  • Seven total units (six two-bedroom/one-bathroom, plus one studio).
  • 5,371 square feet of net rentable space on a 4,247 square foot lot.
  • Fully vacant, offering immediate renovation potential.
  • Eight parking spaces and RF-1 zoning.

Property Details for 717-719 Irving St

Property type
Apartment buildings
Square Feet
5,371 SF
Class
B
Year Renovated
1990
Buildings
2
Stories
2
Units
7

Location Insight

City
Washington
County
Washington
State
District of Columbia
Latitude
38.928412571553
Longitude
-76.994975066406
717-719 Irving St, Washington, District of Columbia

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717-719 Irving St
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