Views
Address
526 Newton Place NW, Washington, DC
Price
$ 1,300,000
Property Attributes
- MLS#DCDC2129544
- TypeCommercial
- CountyWASHINGTON
- CityWashington
- Zip20010
- StyleApartment Building
- Year Built1953
- Taxes$ 5525
- Price$ 1,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3960
Data Source:
Bright MLS
Property Description
Investor Alert! A prime opportunity awaits with this 6-unit building now available for sale. Each unit features one bedroom, one bath, separate utilities, and private balconies. Located 2 blocks off Georgia Ave in the flourishing Petworth/Park View neighborhood, this property presents versatile options for savvy investors. Whether as a strategic buy-and-hold investment with the potential for significant unit upgrades or a lucrative conversion into luxury condos, the possibilities are endless. Noteworthy features include a vacant rear lot, offering further expansion potential. The property will be sold "as-is" and delivered vacant, with six of the units currently owner-occupied. Additionally, the owners may request a short rent-back period post-closing. Showings are exclusively scheduled for Fridays, between 2:30 PM and 5:00 PM. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in the sought-after Park View neighborhood.
| Price History | |
|---|---|
| 3/2/2024 | Listed $1,500,000 |
| 3/31/2024 | 14% - $1,300,000 |
General Features
| Sewer | Public Septic |
|---|---|
| Heating | Central |
| Cooling | Multi Units |
| Possession | Seller Rent Back |
| Zoning | RES COOPERATIVE - HORIZON |
| Construction Materials | Brick |
| Year Built | 1953 |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Cooperative |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | 2+ Access Exits |
| County | WASHINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Apartment Building,Apartments,Development,Investment,Multi-Family,Residential,Special Purpose,Other |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | 2 blocks off Georgia Ave in Park View |
| ModificationTimestamp | 2024-03-31T11:10:20 |
| City | WASHINGTON |
| Buyer Agent Compensation | 50 |
| Total Units | 6 |
| Tax Assessed Value | 662940.0 |
| Waterfront Y/N | No |
| Street Name | NEWTON |
| Tax Annual Amount | 5525.0 |
| Price Per Sq Ft | 328.28 |
| Acceptable Financing | Cash,Conventional,Exchange,FHA,FHA 203(b),FHA 203(k),Installment Sale,Joint Venture,Private,Other |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 60 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Columbia Heights |
| Tax Lot | 815 + 816 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | PLACE |
| Central Air Y/N | No |
Exterior Features
| Lot Features | Additional Lot(s) |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Water View Y/N | No |
| Building Area Total | 3960.00 |
| Soil Types | Unknown |
| Land Assessed Value | 263850.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 20010
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
