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1633 W Virginia Ave NE 4 Unit Apartment Building $749,950 ($187,488/Unit) Washington, DC 20002
Executive Summary
Motivated Seller! Why rent when you can own this 4-unit building? This property is ideal for investors or owner-occupants looking to expand their portfolio. It features four units: two two-bedroom units with one bathroom each, and two one-bedroom units with one bathroom each.
Currently, two units are vacant while two are occupied (one one-bedroom unit and one two-bedroom unit) on a month-to-month basis. The rents for the occupied units have recently increased. The roof has been replaced, and several improvements have been made, providing a great opportunity for the buyer to live in one unit and rent out the others.
The vacant units are easy to show, and the tenants in the occupied units are very cooperative but require some notice before any showings. This building is conveniently located near stores and other amenities. Don’t miss out on this investment opportunity
Currently, two units are vacant while two are occupied (one one-bedroom unit and one two-bedroom unit) on a month-to-month basis. The rents for the occupied units have recently increased. The roof has been replaced, and several improvements have been made, providing a great opportunity for the buyer to live in one unit and rent out the others.
The vacant units are easy to show, and the tenants in the occupied units are very cooperative but require some notice before any showings. This building is conveniently located near stores and other amenities. Don’t miss out on this investment opportunity
Property Facts
| Price | $749,950 | Building Class | B |
| Price Per Unit | $187,488 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,782 SF |
| No. Units | 4 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Low-Rise | ||
| Zoning | RF-1 - Residential Flat | ||
| Price | $749,950 |
| Price Per Unit | $187,488 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 2,782 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1931 |
| Zoning | RF-1 - Residential Flat |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4054-0055 | Improvements Assessment | $286,990 |
| Land Assessment | $497,150 | Total Assessment | $784,140 |
Property Taxes
Parcel Number
4054-0055
Land Assessment
$497,150
Improvements Assessment
$286,990
Total Assessment
$784,140
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1633 W Virginia Ave NE