1503 VERMONT Avenue NW
Property Description
Two doors from Logan Circle, this handsome 1880s Victorian rowhouse presents a rare four-residence investment opportunity in one of Washington's most distinguished historic districts. Approximately $100,000 in documented improvements since 2024 have refreshed the property while preserving its architectural character, including original pine floors, high ceilings, marble fireplace mantels and distinctive period lighting. The building comprises four one-bedroom, one-bath residences, each with in-unit laundry and individual mini-split climate control. The terrace residence opens to a private patio, while the three upper residences enjoy access to a professionally landscaped garden courtyard. Under the same ownership since 2007, the property has maintained an exceptional rental history, including 100% contractual occupancy throughout its long-running master-lease periods with a corporate-housing operator. The most recent master lease achieved an annualized contractual rent of $130,800, supported by detailed historical rental records. Delivered fully vacant, the property gives its next owner immediate control and unusual flexibility: pursue another whole-building master lease, operate four conventional or furnished residences, occupy one while renting the others, or create a private four-residence urban retreat. Logan Circle is celebrated for its beautifully preserved Victorian architecture and exceptional proximity to the restaurants, boutiques, culture and nightlife of the 14th Street corridor. Its limited supply of historic properties, central location and enduring appeal have sustained strong buyer and renter demand across multiple market cycles. U Street, Shaw and Dupont Circle are all within easy reach, with convenient access to multiple Metro stations. Historic character, demonstrated income performance and flexible vacant delivery come together in an offering rarely available this close to Logan Circle..
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,690,000 |
| No. of Units: | 4 |
| Year Built: | 1914 |
| Lot Size: | 2,572.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $422,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2282634
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