1715 CAPITOL Avenue NE
Property Description
CAPITOL AVE NE QUADPLEX: $53,040 SCHEDULED ANNUAL RENT + 1 VACANT UNIT. Well-maintained solid brick 4-unit building located at 1715 Capitol Ave NE, featuring four functional 1-Bedroom + Den / 1-Bathroom units. Three units are currently occupied, generating $53,040 in scheduled annual rent ($4,420/month), with one vacant unit ready for immediate move-in or market lease-up. This property offers a direct house-hacking opportunity for an owner-occupant utilizing low- or zero-down-payment financing options, including VA (0% down), FHA (3.5% down), Conventional, or NACA programs. An owner can occupy the vacant unit on Day 1 while using the $4,420 in existing monthly rent from the three occupied units to directly subsidize mortgage carrying costs and build equity over time through loan principal reduction. The well-maintained interior spaces feature updated wood-look laminate flooring, modern ceiling fans, updated bath fixtures, and functional kitchens equipped with white cabinetry, gas ranges, and granite countertops. Additional revenue potential exists by constructing a rear parking pad to monetize off-street parking in a high-demand neighborhood. For portfolio investors, leasing the vacant fourth unit at market rates or local voucher payment standards provides an immediate path to maximize total gross revenue.
Broker Details
REAL BROKER LLC (202) 335-7325
MLS ID: 3109753 State License Number: SP98377913
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $849,000 |
| No. of Units: | 4 |
| Year Built: | 1936 |
| Lot Size: | 3,232.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $212,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2280324
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