1518 ISHERWOOD Street NE
Property Description
Exceptional investment opportunity in the heart of Washington, DC! This renovated four-unit brick multifamily property is turnkey and income-producing from day one. Featuring four spacious apartments, all currently occupied, the building is ideal for investors seeking strong cash flow, owner-occupants looking to offset mortgage costs, or developers pursuing long-term appreciation in a rapidly transforming neighborhood. The property combines classic character with practical upgrades, including a timeless brick exterior and reinforced foundation engineered for future vertical expansion-offering significant value-add potential. A fenced outdoor space provides an added amenity for tenants, enhancing both livability and rental appeal. Offering approximately 2,841 square feet of finished living space on a 2,310-square-foot lot, this asset delivers flexibility, functionality, and future growth opportunities. All four units are occupied by satisfied tenants, providing immediate and stable rental income. Positioned less than one mile from the future new RFK Stadium redevelopment, this property is strategically located in an area poised for continued investment and appreciation. Residents enjoy convenient access to public transportation, shopping, dining, entertainment, and major commuter routes. Whether you are expanding your portfolio, house-hacking, or securing a long-term development opportunity, this is a rare chance to own a high-performing multifamily property in one of Washington, DC's most resilient and evolving rental markets. Don't miss this opportunity to acquire a cash-flowing asset with immediate income and substantial future upside!
Broker Details
Berkshire Hathaway HomeServices PenFed Realty (866) 225-5778
MLS ID: 3281741 State License Number: SP98379614
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $975,000 |
| No. of Units: | 4 |
| Year Built: | 1931 |
| Lot Size: | 2,841.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $243,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2258564
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