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Investment Highlights
- Premier Capital Hill Location
- Excellent Transit Accessability
- Rent Control Exempt
- Walkable Neighborhood with Outstanding Amenities
- Spacious Apartment Layouts & Building Upgrades
- TOPA Exempt
Executive Summary
Horvath & Tremblay is pleased to exclusively present the opportunity to acquire 220 3rd Street SE, a boutique four-unit apartment building located in the heart of Capitol Hill, one of Washington, DC's most recognizable and supply-constrained neighborhoods. Situated just a few blocks from the United States Capitol Campus, the Property offers investors the rare opportunity to own a well-located multifamily asset in a neighborhood driven by a unique combination of government, legal, lobbying, and nonprofit employment that continues to support consistent apartment demand.
The Property consists of four residential apartments, providing stable in place income with additional upside through future interior improvements, strategic lease turnover, and long-term rental growth. Two of the units are currently leased out as mid-term rentals (~2-3 months) and have the potential to be delivered vacant. Whether acquired as a long-term investment or as a property with future owner-occupancy potential, 220 3rd Street SE offers an attractive combination of irreplaceable location, manageable scale, and favorable ownership characteristics.
Positioned several blocks from the U.S. Capitol, Senate and House Office Buildings, the Library of Congress, and the Supreme Court of the United States, residents enjoy immediate access to one of the nation's largest employment centers. Combined with exceptional neighborhood amenities, outstanding transit connectivity, and Capitol Hill's enduring appeal, the Property represents a rare opportunity to acquire a boutique multifamily asset in one of Washington's most stable and desirable rental markets.
The Property consists of four residential apartments, providing stable in place income with additional upside through future interior improvements, strategic lease turnover, and long-term rental growth. Two of the units are currently leased out as mid-term rentals (~2-3 months) and have the potential to be delivered vacant. Whether acquired as a long-term investment or as a property with future owner-occupancy potential, 220 3rd Street SE offers an attractive combination of irreplaceable location, manageable scale, and favorable ownership characteristics.
Positioned several blocks from the U.S. Capitol, Senate and House Office Buildings, the Library of Congress, and the Supreme Court of the United States, residents enjoy immediate access to one of the nation's largest employment centers. Combined with exceptional neighborhood amenities, outstanding transit connectivity, and Capitol Hill's enduring appeal, the Property represents a rare opportunity to acquire a boutique multifamily asset in one of Washington's most stable and desirable rental markets.
Property Facts
| Price | $1,350,000 | Building Class | B |
| Price Per Unit | $337,500 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 3,560 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1857 |
| Property Subtype | Apartment | Parking Ratio | 0.28/1,000 SF |
| Zoning | RF-1/CAP - Residential Flat zone within the Capitol Interest Area, intended for low- to moderate-density residential development, primarily rowhouses and flats, while preserving neighborhood character and supporting compatible residential uses. | ||
| Price | $1,350,000 |
| Price Per Unit | $337,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 3,560 SF |
| No. Stories | 3 |
| Year Built | 1857 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | RF-1/CAP - Residential Flat zone within the Capitol Interest Area, intended for low- to moderate-density residential development, primarily rowhouses and flats, while preserving neighborhood character and supporting compatible residential uses. |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0790-0010 | Improvements Assessment | $1,136,840 |
| Land Assessment | $662,180 | Total Assessment | $1,799,020 |
Property Taxes
Parcel Number
0790-0010
Land Assessment
$662,180
Improvements Assessment
$1,136,840
Total Assessment
$1,799,020
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