2241 40TH Place NW
Property Description
GREAT VALUE AT THIS NEW PRICE!! Prime Glover Park fourplex, totally remodeled in 2014, offering a rare blend of turnkey income, longterm stability, and future redevelopment potential in one of Northwest DC's most desirable residential corridors. This fully detached building allows abundant natural light to reach all four apartments-an uncommon advantage in the neighborhood. All four units are VACANT, providing immediate flexibility for new owners-ideal for investors seeking fresh leases at market rents or owneroccupants looking to customize their preferred unit. Each of the four spacious 1bedroom residences features renovated kitchens, refreshed baths, hardwood floors, upgraded systems, and efficient layouts that maximize rentability. The property has been exceptionally maintained, including a new roof installed in 2024, delivering a lowmaintenance, highperforming asset from day one. Situated on a 5,274 sq ft corner lot, the site offers meaningful longterm upside for buyers exploring expansion, reconfiguration, or redevelopment under favorable zoning characteristics (buyer to verify). Strong rental demand, walkability, and proximity to Wisconsin Ave, Stoddert Elementary, parks, retail, and transit make this an ideal hold for both seasoned investors and owneroccupants seeking income support. A rare opportunity to secure a stabilized, detached, fully updated multifamily asset in a supplyconstrained neighborhood with significant future potential. Sale is subject to a 1031 Tax Exchange.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,645,000 |
| No. of Units: | 4 |
| Year Built: | 1933 |
| Lot Size: | 3,648.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $411,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-DCDC2265748
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