Listed By:
Long & Foster Real Estate, Inc.
Address
2920 8Th Street NE, Washington, DC
Price
$ 1,250,000
Property Attributes
  • MLS#DCDC2133962
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodBrookland
  • Zip20017
  • Style
  • Year Built1941
  • Taxes$ 7048
  • Price$ 1,250,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,920 SqFt
Data Source:
Bright MLS
Property Description

What an exciting opportunity for investors in the vibrant Brookland community! Condo Conversion Potential: With enough space to expand upwards and create parking, this property offers investors the possibility of a lucrative condo conversion project. This could add significant value to the property and attract buyers looking for individual units in the popular Brookland area. Owner-Occupied Tenants: Having owner-occupied tenants living in one unit while renting out the other three provides stability and potential income streams for investors. This mixed-use of the property maximizes its earning potential while also ensuring some level of oversight and care for the units. The property's location in the Brookland community offers residents access to a variety of amenities and attractions. From the 8th St. Arts Walk and Dance Place to popular spots like Brookland Pint and the Metropolitan Branch Trail, there's plenty to explore and enjoy nearby. Additionally, being close to Catholic University and Brookland Metro makes commuting and accessing educational institutions convenient. Bike-Friendly Environment: The presence of bike-friendly streets in the area adds to the appeal for residents who prefer alternative modes of transportation. This aligns with the community's focus on sustainability and active living. Overall, this property presents an excellent investment opportunity in a desirable and growing neighborhood. With its potential for condo conversion, mixed-use tenancy, and proximity to amenities and transportation, it's sure to attract investors looking to capitalize on the dynamic Brookland market.

Price History
4/1/2024 Listed $1,200,000

General Features

Interior Features Floor Plan - Traditional
Sewer Public Sewer
Heating Hot Water
Cooling None
Utilities Electric Available,Natural Gas Available
Possession Negotiable
Appliances Refrigerator,Stove
Zoning RF-1
Pool Y/N No Pool
Architectural Style Other
Security Features Smoke Detector,Carbon Monoxide Detector(s)
Construction Materials Brick
Year Built 1941
Property SubType Quadruplex
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel None
Accessibility None
County WASHINGTON
New Construction No
Property Type Multi-Family
Subdivision Name BROOKLAND
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Bus Stop less than 1 mile,Metro/Subway Station less than 1 mile
Status ACTIVE
Directions Michigan Ave to 8th
ModificationTimestamp 2024-04-26T16:09:35
City WASHINGTON
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - Federal,Lead Based Paint - State
Total Units 4
Lot Size Square Feet 3864.00
Tax Assessed Value 855940.0
Waterfront Y/N No
Number of Units Leased 1
Street Name 8TH
Tax Annual Amount 7048.64
Home Warranty Y/N No
Property Condition Good
Structure Type Other
One Bedroom Units Count 4
NumberOfUnitsVacant 3
Price Per Sq Ft 396.57
Acceptable Financing Cash,Bank Portfolio,Conventional,FHA 203(k)
Historic Y/N No
Rent Control Y/N Yes
Vacation Rental Y/N No
Total SQFT 3152
Days on Market 30
Lease Type Month to Month
Standard Status Active
Year Built Source Assessor
Legal Subdivision Brookland
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Flooring Ceramic Tile,Hardwood,Laminated
Hot Water Other
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N No
LivingAreaSource Assessor

Exterior Features

Lot Features Corner,Rear Yard
Water Source Public
Type of Parking On Street,Alley
Spa No
Water View Y/N No
Lot Size Acres 0.09
Lot Size Units Square Feet
Lot Size Source Assessor
Soil Types Urban Land-Sassafras-Chillum
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 Multi-Family Average in 20017

Price
AVG $1.54M
$1.25M
Taxes
AVG $5,418
$7,048
Visits
AVG 249
224
Data Provided by Inside Real Estate®
Year Built
AVG 1935
1941

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