642 Columbia RdWashington, DC 20001

Exceptional investment opportunity in Washington, DC's vibrant Columbia Heights neighborhood. This meticulously renovated (2018-2019) four-story, semi-detached home at 642 Columbia Rd NW offers 2,652 square feet of living space, spread across two units. Currently generating a strong net operating income (NOI) of $74,906 and a 6.25% cap rate, with 100% occupancy, this property presents a compelling return on investment. The property features five bedrooms and four and a half bathrooms, boasting high-end finishes throughout, including a gourmet kitchen with quartz countertops and stainless steel appliances, Andersen windows, hardwood floors, and marble and ceramic bathrooms. The lower level unit, with separate entrances, zoned heating, a full kitchen, bedroom, bathroom, and laundry, offers significant Airbnb potential. The upper three levels are currently rented as a single unit. An interior door can be removed to combine the units for single-family use. Situated on a 0.02-acre lot, this property is ideally located within walking distance of the Petworth and Columbia Heights metro stations, McMillan Reservoir, and numerous restaurants and shops. This is a 1031 exchange eligible property, priced at $1,199,000 ($599,500 per unit) and built in 1910. The property is currently generating $7,050 in monthly rental income.