642 Columbia RdWashington, DC 20001

Property Details for 642 Columbia Rd

Year built

1910

Lot size

0.02 AC

Property size (Sq ft)

2,652 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

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.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.928

Longitude

-77.0222

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